Give us an idea of the plans and, more importantly, prices you are thinking about. As has been said many times, it is much better to have 100 customers at $20 each, than 1000 customers at $2 each.
1. Roughly, how many customers do I need to attract and retain to at least get my investments back (assuming I join reseller programs for hosting and domain registration services) when targeting/competing in the low-price segment?
If you are planning on doing it right and having a good reputation, be ready to invest a great deal of time into your business. However, since you are catering to your specific region, most of your support and sign-ups will be requested in the same time zone as yourself. Notice the word 'most. Maybe they will keep business hours. LOL
2. How much time should I expect to put down every day once everything is up and running (Not counting marketing/link-trading efforts/site-promotion and such)?
Most start out this way. I don't know who all is doing it now. Sorry.
3. How big is the potential? Are any of you guys running a one-man-show and making a living out of it?
- Thinking this is "easy" money...that "I'll set up a website and the money will start pouring in without me hardly having to do anything." I have relatives and friends that tell me, "It must be nice sitting around, chatting or emailing, and have people send you their money." I don't even try to set them straight anymore.
4. What are the most common mistakes made when starting up?
- Expecting 300 sign-ups the first month.
- Under-estimating the amount of time it takes up.
You are going to hear this one many times: Word of Mouth.
What are the most important things to do to promote the site?
Going out of business in our 10th year.