The New Internet Start-Up Boom: Get Rich Slow

Surprise: there's never been a better moment to bootstrap your own Internet business. All you need is a laptop, a broadband connection and a great idea. Inside the new start-up boom

Timothy Archibald for TIME

Founder John Tayman, second from left, with designer David Albertson, left, and developer Nick Hodulik

It's time to stop whining. The economy might be melting down like a pat of butter on a hot Hummer roof, but for some people — you, maybe? — this could be a very good thing.

Here's why. At no other time in recent history has it been easier or cheaper to start a new kind of company. Possibly a very profitable company. Let's call these start-ups LILOs, for "a little in, a lot out." These are Web-based businesses that cost almost nothing to get off the ground yet can turn into great moneymakers (if you work hard and are patient,...

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