MLM Directory

Is this a profitable online business idea?

I want to make six or more figures a year. I have thought about starting an ecommerce online business selling either wholesale office chairs or teen clothing. I am not sure if this idea could be profitable, but this idea is not my main concern. So the idea I really think has potential is a cool one. The online business idea is a website where visitors can become members for free. Members can submit original songs and other members can listen, rate, comment, share songs with other members, and chat with members. I would make money from ad revenue which could be a lot if I get some visitors. The other way I could make money is to charge a small fee for putting someones song(s) on a featured list on the site. They would have their song posted on the list for a set time, and I charge a small fee. I really like this idea, but it would cost a lot to create the site with a web design firm (since I have no HTML knowledge). I am wondering if I should create this site. Do you think it could be profitable? Do you think I could make six or more figures a year with this online business idea? If not, should I try.... ecommerce (what should I sell that is profitable though?) content sites (making money from ads and affiliate marketing?) Which online business idea do you think would be the most profitable? Do you think any of these online business ideas could make me six or more figures a year?

Public Comments

1. As I said numerous times before, write a business plan for each of your ideas and go with the one that works out best. Nobody here can give you an answer based on the limited information you provide.
2. How would you handle copyright issues if someone posted a song and then heard it on the radio and it wasn't them singing? I would make sure your business plan covers the legal issues.