I`m in college and this is my first attempt at entrepenuership. I started a site called Pink-Sassi.com (some may find the site sexist so please don`t click on the link if say a bikini contest would be offensive to you) where I want to have users submit photo sets for a chance to win money and in the future havea lottery for people who vote so that they can also win money. I know the site is lacking in design, but I just started it up. So I am also looking for ideas for web design?
I am hoping that the money and content will almost drive traffic by itself. Is this a reasonable assumption? I am expecting to come out of pocket in the beginning in hopes that I will recieve enough traffic to sell adspace. Is this how sites make money or is there other ways to make money with the site?
And lastly, is this something that could be profitable?