I wonder, if there is any co-branded webhosting reselling program that will make you a dealer for free? Offering the setup free, web space for the service and having paying you %s from every signed person. At the same time separating you from actual "host".
Check out NorthSky.com. They don't pay you per sign-up, but they let you offer websites at your domain and they give you a share of the banners. You can see what I'm doing with them at http://www.nbafansites.com.
NBA Fans! Get a website associated with your team--http://www.nbafansites.com
I've been researching this as well. Northsky seems to be a good option, but they want you to show traffic for six months with a certain number of hits or more. When I applied with them, they rejected me until I meet that criteria. I guess I just need to get past that six month hump to get considered for some of these solutions. If anyone knows of others, I'd be interested in finding out as well.