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Directory Websites

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Hello,

This may in the wrong place, so apologies if this is the case.

I am thinking of developing one of my domains into a directory website.

The website will allow small (ish) businesses to advertise their services with a small advert.

Features:
They would be allowed to post their own adverts (for a small fee)
Make changes or withdraw their ads
The site would include tools for users to view by location, product etc....

So a few questions:
has anybody done this sort of thing recently?
whats the best software to use?
Is there any money in it?
Any pointers for things to look out for?

Thanks in advance for any help
Sig.
 
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