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Not sure if it's still profitable but I used to know a few people who would rent dedicated servers and sell shared PHP hosting to small businesses. See http://www.webhostingtalk.com, http://forums.cpanel.net/forum.php and http://www.directadmin.com/forum/.


I tried this and couldn't really get off the ground... it's a very saturated market, do you mind sharing any ideas?


Go vertical, even if it's all just a web host in behind. For example "Web hosting for dental cabinets". Of course something with value added over the host may work better




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