I was thinking about opening a local directory website (like yelp or tripadvisor) and indexing it in my city for all the main keywords that could be searched for.
My city is a 1 million people city and I think that this kind of website could have a good earning potential.
However, I'm not sure about how long would it require me to index it and if it's a really good way to generate an income.
I was thinking about getting paid for getting listed on the website (maybe a monthly fee) and use a part of these fee on paid online advertising.
However, I'm not sure if I should "sell" the spot on my site before having even any traffic and use these money to bring in some or just wait for the traffic and then sell the spots.
Do you have any experience with this kind of business model/project?
Thank in advance.