I am completely new to this and know absolutely nothing about web development or internet marketing but would like to setup several sites offering good content on closely related subjects that I feel I have good first hand knowledge on. My aim is to monetise them and hopefully provide myself with a passive income at some point, however small. I'm already thinking about how my sites will link to each other and how the subject matter of each site will complement exisiting ecommerce sites to facilitate traffic and revenue in the form of affiliation, click throughs etc.
I guess my question is can good money still be made from this type of busness model and can anyone offer any advice on where to get started? I appreciate my question is ridiculously broad but I guess I have to start somewhere and am looking for general advice or pointers that anyone can offer someone like myself who is starting from scratch. Also is Wordpress a good program to use for a general informative website and is it good for future expansion, SEO etc? My sites won't specifically be blog based.
I sure hope that there is still money to be made using that approach, because I'm on the same path. I am also just starting out, so I can't give you any absolute answers but everything I've been learning has me feeling very optimistic. Wishing you luck!
[edited by: tedster at 2:46 am (utc) on Oct 29, 2012]
There is still money to be made, but do not build initially with the goal of making money. Build something that people will want to use, something that provides them with the content they need and something that will make them keep coming back.
As you get started it will be a learning experience, through time you will get to know what needs to be done to build users and traffic. It is at that point you can then think towards generating income.
If you go all out at the start with the intention of making money you will be diluting your efforts away from what the end user wants. Concentrate on the user, then when you feel the site is delivering what they need move towards monetizing it.
and hopefully provide myself with a passive income at some point
A "fire and forget" approach to site building is unlikely to generate much income unless you are a particularly skilled author and are writing on the right topic. Typically a site has to be kept fresh and actively promoted.
There are exceptions but the general concensus seems to be that site visitors are far less likely to click on ads than they were 5 years ago. I know that my sites now take in a month slightly less than they took in a week when I first monetised them. Luckily the sites support real world activities, the income is a bonus not the reason for creating them.