I'm starting a similar website like fmylife and textsfromlastnight. Basically a website were visitors contribute content. I've done some research, fmylife was as it's peak in 2009 but till this day it still receives about 100k visitors per day, great success for them. Seems fmylife took off because of it's unique name and the content is funny. Many people saw fmylife success and came up with their own twist but not many had success, the only one that I can think of is givesmehope.com they been declining alot, I believe they are down to about 5k to 7k visitors per day. Looking at fmylife concept, got me thinking of starting my own website with a different twist, so I came up a really good name, then I though this domain name is already taken but after checking it wasn't so I bought the domain right away, it's short, easy to remember and people will understand it. So I start looking at competition and there appears to be a similar site concept that has been up and running for about 2 years and they are growing, 08/2012 they had about 5k visitors per day and now they are at around 13k visitors per day. But I feel I can do a better job, create more followers then the competition. So now I'm talking to a programmer and a web design to start the work on this project. I'm hoping first market to my friends on facebook, then invest about $1,000 into advertising, I believe banner impressions cost about $2 per 1,000 impressions which would create 500k impressions which I hope will make some type of impact. This will be my first attempt at starting a business.
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