I sold our hosting company back in 2000, had over 4000 paying clients... here are some tips:
- Get a great host (not just a good cheap one) - I suggest www.ev1servers.net they have some great packages, get something with plesk and as much ram as you can afford.
- Limit what type of clients to accept. I know this maybe hard, but we only went after business type accounts. We turned away from warez, porn, spam, music sites etc. Companies always paid on time, and we never had a problem getting paid.
- Buy a copy of QuickBooks Pro, so you can manage the accounting and invoices. With QB you can just email your clients a nice PDF invoice for them to pay off on.
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