| Is this a good business idea?

Is this a good business idea?

Robert Weinstein asked:


Hi. I’m 15 and I want to start my own online company. I want to make real money ($100-$300 a day), not kid money. I don’t want to start an affiliate marketing business, but I want to start an online service company of some sort. Reseller hosting is a very saturated industry so here are my other ideas.

1. A digital music distribution/marketing company. There is a site called Tunecore which lets people sell their songs on iTunes. But for my company, we would find new bands/artists and provide that service for them. We would also provide a wide variety of marketing services. We could build band websites and market them on Facebook and other social networking sites. I could probably charge $100 for the site, and $70-$150 per album placed on iTunes (they would keep 100% royalties, they only pay the one time fee).

2. I found a free web script that lets you create a website where bands/artists can create profiles, share their music, and listeners can rate, share, chat, follow, etc. It is sort of like purevolume.com, but aiming at a smaller niche of new bands and artists. We would make money from ads and affiliate products :) .

3. I’ve been looking, and they dont have websites that review bands. It might take a long time to write reviews though.

4. A website where people can buy and sell websites/domains. Like flippa.com, but I’m positive the industry is not really saturated, and I could make some money. I would charge a fee if the transaction is successful.

5. Lots of phone review sites go a lot into depth about phones, that it sometimes can be confusing. I have gotten a lot of feedback from elders saying that people in the phone stores are useless. I was thinking of making a site that reviews cell phones, but just gets to the point (who the phone is for, best features, pros, cons, final recommendation).

What other things could I do to make a lot of money ($100-$300 a day) online? Are any of my ideas good? Please don’t say I should’t post ideas on YahooAnswers, because i just want some feedback. I really want to know how to make a lot of money online.

Related posts:

  1. Physical Cds vs. Digital Music ? $$? Leo asked: Which would get me more profit ?: In...
  2. What would a high-tech art studio look like? G asked: Can you picture a technology based art studio...
  3. I have created nice digital music, and its been sitting on my computer for almost 5 years? GreenLeaf asked: How do I make money off of them?...
  4. What is the best Digital audio workstation for newbies? Jonathan H asked: i want to make tracks from pre...
  5. Does anyone know a company that will field surveys on-line for you? baum002001 asked: I’ve created a survey to ask mass consumers...

Filed Under Small Business | 1 Comment

Tagged With ,

Comments

One Response to “Is this a good business idea?”

  1. Misael Thatcher on December 17th, 2011 1:20 am

    Hey! If you are anything like me, and I think you are, then you can use a real opportunity to make some extra money, preferably at home online. Well I have some friends that were telling me about mass money makers program where they help you do just that, and I have to say Wow!, listen, I have been making money for a month now thanks to their video tutorials, you could be too.

    Good luck….