I'm in the very early stages of starting a mass email provider. I wasn't going to include templates however.
I am currently a customer, paying $1200 per month to send emails, hence going into the industry myself. There is good money to be made if you go after the big accounts. 50,000+ subscribers. The smaller accounts can use places like MailChimp, Aweber, iContact etc (I'm also paying $40ish per month at Aweber for only 600 subscribers)
Avoid Elance. You need to make sure your IP isn't blacklisted or all your emails will be put in Spam boxes.
An important thing to consider (at least for me) is that when I hit send, I want all subscribers to get the email within a few hours, not spread out over days. So you need variable computing power...



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