Well, if you ever wanna sell on websites. PM me. I have a proper server in a datacenter with like 1Gb lines and cpanel and whm. You can buy a reseller account if you wish.
But some user won't have fun browsing someone's site (proboly PHPnuke which takes up a lot of resources) or streaming some hi-fi video from your server - they would give up in about 20 seconds.
If you want to be a decent host, you need something lke a 3MBPS connection at least and even then it won't be the fastest of servers.
3MB wont help atall netuser. Its the upload speed he needs. the datacenters are like 1GB/sec upload etc. Where as his would be know more than around 700K! which is like.......60kbs realisitcly...