Certainly you can. But like any other business, if you are going to make money, you better be offering something that people are willing to pay for. It also depends on what you mean by hosting. You have companies that do website hosting by providing the server and industrial grade connection to the internet. Secondly you have someone who manages the website in terms of theme, content, and overall design. And technically that makes them a "host". In the first of the two examples you make money by offering hosting to people who want to get their site on the internet and make it accessible to the world 24 hours a day. You would charge your average client between $20 to $50 a month depending on the amount of bandwidth needed. And then you would probably be hosting websites for 10 to 15 clients which translates to about $500 a month. You would have your overhead expenses.. typically the cost of a T1 line and the electricity to run the PC which varies based on what you have. In the second example where you are the creator and manager of your own website, you would probably make money through advertisers who run ads on pages. The deal is always made in who many people visit your site and if you dont have anything worth looking at, its not likely that an advertiser would be willing to pay you to run his ads.

you can be a reseller go to the best webhosting sites an sign up as a reseller u dont have to get lots of hardware for it they give u hosting for u unlimite so all you have to do is fix the price for hosting plans and sell to ur coustmers

I would say yes, It's a job now which offers opportunities. And one of the alternative solution of the growing rate of unemployment problem. It gives work mostly to all undergraduates. And I knew one company who gives newly graduates a work. And this company is still expanding, check their site to see yourself how outsourcing company earns money. http://www.outsourceit2philippines.com/outsource-web-hosting.htm