Here is a good strategy you can use from a guy who implemented the same strategy to earn 5 bucks a day. It was only beginning. Look here for his strategy. By the way, if you have ordered this e-book from the link above, send me a copy of your invoice, I will send you the Niche Keyword Analyzer Pro for free.

Here is an example of a niche website, established in February, 2006, and earning several hundred dollars per month.

The site provides a guide on how to create your own template for a content management system Joomla. There are about 50 templates on the site.

The owner earns money by charging for membership. Members then have access to the ebook on how to create a Joomla template and a stock of 50 pre-made Joomla templates.

The website receives more than 10,000 visitors each month. Montly turnover is about USD 800 from which 80-90% is profit.