Making Money with Niche Websites

I have read about this for some time but never had time to try it yet. Did some interesting reading about it for the last couple days.

You find a good niche and make a website built around that niche/keyword(s) The key is to find good keywords. Today I was reading on nichepursuits.com about how to choose keywords etc.

Definitely worth the time to read about it.

His theory is to use those lower ranking keywords that do not have as much competition thus "niche"

I can see how it would work but have to ponder this some more. You would have to buy the .com names and purchase some hosting to do it.

Once you get that done, you pick advertisers and affiliates to run on the site to generate income.

If anyone has done it or tries it let me know how you are doing!