I guess what many kids here don't realize is that web hosting really isn't the easiest way to make money online. They think that they can offer outrageous plans and the customers will pour in the day after. Personally, I think that even though you can earn stable income from web hosting, there are easier ways to make money online, and ways that won't take up as much time. You just have to open yourself up to these opportunities.
I know alot of kids that are making hundreds if not thousands on a daily basis just from ad programs (PPC, CPA, etc.).
Here's an example:
Kid number 1 earns $30 / day from Google Adsense. All he does is spend a little over an hour each day promoting his site, building his links, and playing around with the ad placement. He still has plenty of time for homework, studying, and hobbies/friends (basically going out and having fun). On the days that he doesn't spend time promoting, the amount of revenue he earns doesn't really change because the traffic is basically organic (from search engines).
Kid number 2 earns $200 / month from 20 customers paying $10 / month. Kid number 2 has to spend hours upon hours each night after he gets back from school to support his customers and to advertise his web host to get even more customers. Kid number 2 starts to develop a habit where he leaves his homework to the last minute before he sleeps and barely has time to study for any tests, or he doesn't do his homework at all either because there was a problem (downtime, etc.) that he had to work on fixing or because he had a whole load of support tickets and queries. Kid number 2 barely has enough time for his hobbies and friends and has to think of excuses not to go out with his friends everytime they ask him out.
So, kids.. who would you rather be? Kid number 1 or Kid number 2?
I know who I would rather be..