any money in web hosting?

Everywhere I look I see new web hosting companies poping up. I even heard of some that don't even own servers starting their own webhosting companies by just renting lots of space somewhere else. I noticed the prices seem to be lowering a lot too. Is there any money in webhosting?


There are a lot of resellers out there. I used to be one, but I started doing that when I had about 5 people approach within a month span to set up websites for them. I charged them 20 a month and it only cost me 15 a month to do it so I was essentially getting my domain paid for by them with a few extra dollars on the side.

Of course, this was back in 99 when everyone thought that a website meant instant money.