Its possible to make a decent ammount of money in any business if you have the time to promote yourself 24/7. Active promotion is key, static sites hoping someone will find you doesnt work, you've really got to work for it.
The person who knows 'how' will always have a job. The person who knows 'why' will always be their boss.
Web hosting in general is NOT a get-rich kind of business, no matter whether you are trying to resell on a shared hosting plan or launch a datacenter of your own. That is pretty much the biggest misconception young kids have when they decide to venture in this market on a 20 dollar budget during summer school holidays.
Hit the nail on the head. Hosting has exploded into thousands and thousands of providers because of it's easy and cheap cost of entry. Too many people think it's a quick way to get rich, and they couldn't be farther from the truth.
I believe you get whatever you put into the business.
Yes as the great ones say "You have to spend money to make money" this is right you must put 110% into it to make it work for you and you will want to quit and give up if you get into for long enough because of the nature of the business.
It's not a get rich quick scheme, it's a get rich over a LONG period through sweat and blood!!!!!!
This is true. I think that there is certainly money to be made in this industry though
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This is just like any other industry. It's nearly impossible to get rich on a shoestring budget. It does happen here and there, but that's very uncommon. You need working capital and a sound business plan, and you need to work your plan.
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In order to succeed on the Web you need a site and that site needs to be well built. It all depends on that site and how many visitors you have. Choosing the method or product to sell is just a secondary job.
If you're entering the web hosting market to "get rich", then this isn't the market for you.
As mentioned earlier, you must be willing to accept the fact you won't make much for atleast a year. Even then, you must sustain your business and insure it is around for another day. The smart thing to do is reinvest the majority of your profits right back into your company, in the form of buying advertisements, upgrading services, adding new products, and keeping your clients happy.
If you plan on making it rich by spending $15/mo on some cheap reseller, and using some free template and then doing nothing else you will surely see failure. This industry requires persistence and in a lot of cases, patience.
After you obtain 50-100 clients, I would imagine things begin to get easier. You have a client base who can vouch for the quality of services you have (which is going to be bad if you seek the cheapest reseller) and your support (which also may be bad if you yourself don't provide it, don't rely 100% on end-user support).
With that said, it will take years and several hundred clients more than likely to start earning a living, unless you have the time AND money to grow faster.
Good luck! This post wasn't meant to discourage you but to only let you know how it really is.
Most hosting companies close down within the first 6 month... It will take you at least a year maybe two to even start making a decent amount of money from it... If thats up your street then go and do it