Steps for starting a Big Business - Suggestions Please

I wanted to start a new business.
So, whats the things i need?
I have planned some of the things.

The site will be a database driven site.
So,i dont think i can do Onpage SEO.

1.
Domain Name -
Relevant to the Site
Non - Relevant to the Site but Unique

Planned - Godaddy

2.
Hosting -
Need around 10GB Space in beginning with 25GB+ Bandwidth
Also need a Different IP with hosting budget nearly 10-20$/Month including the Different IP.
Recommend one Please.
Planned - http://www.bluehost.com/tell_me_more.html

3.
Installing Script with the Script seller so no problem arises with their Yearly Support option.

4.
Press Release -
Submitting a Article written by a Professional Writer and submitting to around 50 PR sites.

5.
Article Submission -
Getting 5 Articles Written with 300 words each and submitting it too 100 Article Sites.

6.
Directory Submission -
Submitting the Website to 500 Directories with 5 Different Titles/Anchor Text.

7.
Advertising in PPC.
I have selected Adwords as its cost effective and minimises the Click Fraud.

8.
High PR Links
Buying minimum 5 Relevant PR7+ Links and 10+ PR6 Links

This is the Small List i have planned, and expecting some good points from your side.
Please give out your suggestions about my plans.

 

You GREAT content or an AWESOME reason for people to keep returning to your site again and again. SEO alone will not be enough.

 

Thanks for the reply david.
Well my site is something like marketplace
where i need reputation.

 

well you need quality looks (designs, banners, ETC.)
I can do that.

 

Will Contact you when the script setup is done by the script seller.
Any other suggestions?
I mean did i miss anything else?

 

well though I am a newbie but still you can contact admins of bigger sites like sify/hindu or may be yahoo india and can advertise there. Ofcourse keep the intended audience in mind. You dont' want to waste your money on unfocussed areas.

 

well, to get big in a certain domain, you have to make sure that the domain is big itself. I wouldn't go an industry where there isn't any money to be made, that's plain simple. If you know where you're going, and you know there's money, then your steps will be great. Make sure to make a bit of hype about your product to get some interest out of future visitors.

 

If using RSS on the site, you can go for RSS submissions as well

 

Thanks for the good point, added it to the List.
Anything else which is left out?

 

Amit, you have everything there

 

I wish you the best of luck, but, I would be very careful. Spending a lot of money on marketing before you even know if there's a market is very dangerous. Plus, in a press release, you want to talk about past successes.