Allow songs to be authored for money BUT the author should give the profit to the admins to help pay for this site. I'd even be happy with a 70/30 split (70 going to the site.) Before a song is sold it should have to undergo a review process. This would ensure that the buyers are getting quality charts. The author would PM the song to the admins. The admins would then send it off to one of their selected anonymous reviewers. If issues are found the author will be asked to correct them before the sale is completed.
This just sounds like a way to make things way overcomplicated. You're asking to bring in at least 2 other people, Which means getting a song you want purchased would take much longer. As it stands, The two I've gotten have only taken about 2-3 days each. Having to bring in other people, waiting for them be online, as well as having the free time to do what you ask, could end up making the process take weeks, or worse. As for money to the admins, They run ad's, I'm sure they're doing fine, even without a few bucks from puppetz here and there. And I agree on Raynebc's point, The songs Puppetz gets paid for are going to be released FREE later on. Which means the community will still get free songs.