Is this a good business idea?
Question by Mason Goldberg: Is this a good business idea?
Hello. I’m 15 and I really want to start an online business. I would like to make adult money (50k-100k a year), not just kid money. I don’t want to do affiliate marketing, MLM, or creating an info website. I want to start my own online company that provides a service of some sort.
My first idea is to start a digital music distribution/marketing services company. It would be where I get new bands/artists’ music on iTunes (through another service called Tunecore) and also provide marketing services like websites (webs.com basic type of site), and marketing the band on Facebook and other social networking sites. I could charge a monthly fee to bands to have their music on iTunes while they keep 100% royalties, or they could choose a free option where they don’t pay a subscription, but only keep 80% royalties. I could also charge a few hundred dollars for the marketing services.
The last idea I have is a website. I came across a free website script which creates a website where bands can share their music, and listeners can rate, share, comment, follow, etc. However, there is a site that already does this called Purevolume.com, and Myspace Music.
Do any of you have any other profitable online service company ideas to do to make real money (50k-100k a year)? I wanted to do reseller hosting, but the market is so saturated. Please help me. Are any of my ideas good?
Best answer:
Answer by Nolan
Just a tip… DO NOT EVER put business ideas on the internet if you haven’t already followed through with a business plan.
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