ncaditya, its a great initiative.
Most hosting companies support easy installation of 3rd party CMS software like joomla and blogs like wordpress. But at the same time most new comers to website building don't realize that these services are free when they web hosting. So, my speculation is that if advertised to the right audience in the right way, it could work.
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So, I will first register a domain, create a directory, promote it a little and then sell it off!
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Seems like a plan! I don't how many people out there are out there looking to buy already made directories?
Which brings a question. Can you sell your websites? Are people out there looking to buy websites? Where can you sell them? I have few websites that are just collecting dust. I can sell the entire website including source code, hosting and domain for some money. I wonder how much i can get for my image hosting website?
webdev