How to take advantage of reseller hosting?

I got a years worth of reseller hosting from hostgator using the free code that was around here, but what should I do with it now?

Sell cheap hosting to small blogs.

1. Search for popular blogs using the domain.wordpress.com subdomain and offer them Server space for 1$ a month or free.
2. Get a domain for them, and when the year is about to end, charge them the double of the renewal price.
3. Ask them for an ad space for you, if you're hosting their blog for free. Use CPA e-mail submit regarding blog niche.

thanks a lot. thats not a bad idea.