Should I do this website idea?
Im 13. Over the summer, I want to start an online business. My ultimate goal is to make six or more figures a year (become financially independent). I know it sounds crazy since im only thirteen, but it is my goal. I have some ideas such as a website where users can submit original songs, and other users can listen, rate, comment, share and chat. It will make money from selling ad space. I like this idea, but i have another idea that could be more profitable even though it has much more competition.
The idea is a website where users can store their digital photos. I still have to do some more research on this idea though. Users would either buy a free use (2gb worth of storage), a $4.98 monthly fee with a lot more gb of storage, or a yearly fee for $51.99 with a lot more storage than that. I would either hire a web design firm to create the site, or have my cousin, who is a web designer, create the site. I would have the site use a lot of security. some other features i could add to give me competitive advantage could be printing, editing, sharing, and other services all based around the digital photo storage service. Even though there are some huge competitors in this niche, I would start small, build a loyal customer base, and grow while making nice profits.
Do you think this is a good idea? Do you think it could eventually make me six or more figures a year? Should i do this idea?
Thanks.
I commend you for having such high ambitions so early in life. . . .
unfortunately the type of site you have described . . well, there are probably 50 of them built each day and offer totally free service.
BUT . . keep thinking . . and keep trying. There is a million dollars for each of us, if we only use our creativity and don’t give up.
Songs site: Go with your cousin. You’re going to need all the money you can save for a good lawyer when people start posting music they don’t own the rights to and using your site as a pirate dumping ground. And then there’s the fact that mp3.com does something similar.
Digital Photos: What are you going to be providing that something like Flickr doesn’t?
Either way, you’re looking at some hefty storage costs, an inability to enter into lots of contracts as a minor, and a significant subgroup of people just looking to tear apart and abuse whatever you create.
(Just ask the kid who created chat roulette his opinion on all the naked male genitalia the site is infamous for.)
References :
I commend you for having such high ambitions so early in life. . . .
unfortunately the type of site you have described . . well, there are probably 50 of them built each day and offer totally free service.
BUT . . keep thinking . . and keep trying. There is a million dollars for each of us, if we only use our creativity and don’t give up.
References :
developer for http://dreamxl.com