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It sounds like a pretty good idea! Anything with monthly residual fees is a good way to earn steady income as well.
Perhaps you might consider opening it up at a discounted rate for the first "X" amount of users and then boost it up to a little bit higher rate. For example, start with $9.99 and then once you've reached the designated number boost it to $19.99. I've seen other services do this with success and it may work for yours as well? I've also seen "FREE for the first 'X' amount of days" work as well, although you'll get A LOT more people to sign up and then drop out once they have to start paying.
Anyway, these are just some thoughts.
Humbly,
Trevor Dean
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