I’ve just found an article at My Blogging Tips called “How To Make Money Online Using Niche Content Websites“.
The author’s suggestion is not related to blogs at all - instead, he suggests discovering a niche that has few or no websites about (as a Groo fan, I’d suggest cheese dip, myself :)), then making a simple but useful (and static) site about it, with good SEO techniches, promoting it, then… forgetting about it!
He suggests that, if the niche is well chosen (something people want to know about, but which there are few sites about), after 3-6 months (allowing for getting out of any sandboxes and everything) the site can steadily earn you $1-$2 a day. Now, as that site was probably put together in a week or less (but it’s still supposed to be better than the competition, which, the author suggests, probably consists of just a couple of unprofessional sites made with FrontPage or Word… yuck!), and needs no further attention, you can create another next week. And another, the following week. And another.
50 web sites (doable in a year) would give $50-$100 a day. Without requiring any further work from you. Not bad, huh?
And, as you do them, you’ll probably get better at it, be able to do another site more easily and more quickly, have increased knowledge about which SEO techniques work better, and so on.
The only bad point: you have to search for those niches all the time, and then quickly learn enough about each one to make a decent, informative, useful website - and they’re probably subjects that don’t particularly interest you.
As I said, these are not blogs. You’ll get virtually all earnings from first time visitors, as the sites won’t be updated (unless you get “attached” to a particular one, whose subject actually interests you). Besides, return visitors tend to ignore ads a lot more than first-timers, whether it’s a blog or a static site.
I may try something like this in the future… 
Read the article, it goes into a lot more detail.
Oh well, that’ll change 3 months from now…
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