Split Stack

I came across a great idea the other day and this is one I’m definately going to run with, it seems like it’ll be quite a money maker, but there is some work involved.

You could outsource the work if you like, there will be many people out there who would be happy to do the work and you can just middle man the entire thing.

There is no ‘real’ investment needed either, you could do this by word of mouth and still make some money.

It’s also scalable, you can do this as much as you like and just keep on adding to the money that is coming in! Did I mention that it pays recurring revenue too!

Here goes . . .

You need to sign up as an affiliate to Hostgator or another Hosting Company that offers a good payout, and one that pays recurring revenue.

I mention Hostgator because this is one that pays out quite well.

Put out an ad in a Newspaper saying that you are giving away websites for free.

Tell them that they need to choose a template and supply all content and images for you to upload.

Once the website’s been done, tell them that they need a hosting package to put their website online (it may be worth outlining ‘hidden’ charges before it gets this far).

Have them sign up using your referral code.

If you target people properly the majority of these will definately renew, and you continue to get recurring revenue.

You do need to outsource this though so you don’t have to work too much

I reckon there is alot of money to be made from this, and as long as you keep your customers happy, word of mouth will spread. Afterwards, people will want updates and SEO, PPC, etc doing on their websites, so you can even make more from doing that. There are lots of people out there who don’t know anything about the internet and believe it or not they need help, alot will snap off your arm for this.

There’s a definate time element here though, it could take you a while to get it all setup, but once it’s done, you can turn it into a real cash cow.

You’ll need access to some templates. You can make your own if you like, or there are many free ones online, you can even subscribe to services that produce website tempates every month that you could include with your service (your business grows every month with new templates).

If you want to go the whole hog, you could even get your own reseller account setup for as cheap as 30GBP per month with unlimited everything! Although if you get hundreds of people, then managing your server could turn into work.

Lets see how much you could make:

If you did have your own server, and you charged 10GBP per month (alot, I know, but people will pay this if they are getting a ‘free website’), you could bill them 120GBP for the year. You’d need three websites to cover the costs of your server.

You’d need another to cover the costs of your advertisement in the newspaper, and probably two or three more to cover your time and effort.

Realistically, you’d have to give away around ten websites to cover costs. Thats 1200GBP for setup and your first years hosting fees and advertising for a couple of months.

OK, get out there and give away ten websites! Yeah I know, this is where our inaction takes over us and we start to procrastinate, but listen to this . . .

Give away ten websites per month and outsource all the work (at 70GBP per site) then you have a clear 50GBP in your pocket, yeah that’s nearly twenty websites to give away before you break even but this money is recurring revenue! You’ll be receiving payments from your customers as long as they keep the site!

OK, so if I give away 20 websites in a month, then that’s 1000GBP per month for just being the middle man. If I do the work (two websites a day would be quite easy), then thats 2400GBP per month, for 10 days (easy) work + probably a day processing orders.

And remember the kicker, this is recurring revenue, if 100% stay with you (probably closer to 75%), then ‘give away’ 100 websites and you’ve got 12,000GBP (closer to 9,000GBP) per year for that first few weeks work.

Keep doing this and before you know it, you’ll have a very profitable hosting company

My Goal is to give away 200 sites this year.  I’ll let you know how it goes.

Does anyone want to take me up on a Free SEO Report and suggestions for improvement on their websites?  If so let me know and I’ll arrange it for you.  Ideally I’d like to discuss the website in this Blog, but if you don’t want me to then you can have the report anyways only for first fifty people.