Joomla is a great web application – a content management system (CMS) that allows you to easily create just the website that you need. You do not need to have any previous experience or special skills to use it but at the same time it is capable of creating more sophisticated and professional looking websites as well especially considering there are professional Joomla themes free for download.
Hosting such a complex site with multimedia and lots of visitors will require substantial resources that shared hosting packages do not provide. Instead you can find a business web hosting company that offers more advanced hosting solutions such as dedicated server hosting or optimized Joomla web hosting. Having your own dedicated server guarantees that you are the only one using the server resources and thus ensures the uptime of the website.
You can easily profit from dedicated servers as well – you can use the server for reseller hosting or even become a dedicated server reseller. You do not need to own a company to start the reseller business since there are private label reseller hosting programs like the one offered by ResellersPanel. It is risk free, too – you make profit when you make sales but there are no fees if you do not make a sale.