Automatically Mirror Database to another server?

I have done a lot of researching, and aside from some crazy mysqldumps and then some scripts to import it on another webhost, there doesn't seem to be an easy/automatic way of doing this.

I just want to have my amember database mirrored to another mysql webhost and updated once a day. I need it physically deployed into a mysql database so it can be queried if my main server goes down.

Are there any paid services for such a thing?

The easiest way to do this would be to setup mysql replication that's what it does...