Want to start my own site

Hello All,

My name is Allen. I just came across this site tonight and love what you have going on. I haven't been able to read through the entire thread, but have searched several different keywords regarding my topic and after finding bits and pieces decided to start a new topic to ask for help/insight.

I am very interested in creating a cashback shopping website. I was a bit disappointed when I came up with a great idea and saw that there were already several other large sites doing it, but I guess that just means that it is in fact a viable business model.

The questions I have for you all are

1) Do you feel that a cashback shopping site can be successful when there are already sites like BigCrumbs and FatWallet? I saw that Bing also had a cashback feature, but they ended that.

2) How much time and money do you think I'd have to put into it to make it successful? I have no problems with the time or work aspect of it. I'd put as much into it as needed because I would like to make this a large business and not a fly by night get rich quick scam.

3) Do these sites make money in other ways besides the commission that they are paid for sending traffic to the retailers and would the total profits be significant?

I have many more questions because I am in the very beginning of my research, but will wait to ask at a later time. Thank you in advance for your time and help.

I do understand that I will need to make my site different than everything else that is out there if I want to succeed. I plan to make the site smaller in scope than some of the large companies and I also want to focus on the wealth building aspects of it instead of just savings. I know bigcrumbs has a decent referal program and I would like to do something in that direction. I think it would be a huge success if people can actually make a significant source of income with a method like this instead of just saving.