Every year students vie for educational scholarships, and one of the most difficult challenges facing them is trying to keep track and up-to-date with the thousands of different scholarships that are offered each year. Developing a website that features information about scholarships can serve two purposes. The first is that creating this type of site is a terrific way to develop your own home based business. The second purpose is obvious; parents and students would have access to a fantastic resource base to learn more about particular scholarships and the required criteria in terms of the awarding process. This type of online business could earn revenue in a few ways, such as charging students and parents a yearly membership fee for access to the site or charging educational facilities and scholarship advisory boards a fee to post their scholarship information. Of course, advertising revenues could also be earned by renting banner ads once the site is established.