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You don't need shitload of traffic either. One of my very niche blogs has at tops 300 hits from Google daily, and makes me over $500/month. Key is addictive texts I guess, else why would they sign up at 1-99 rate for over 5 months now.
So another suggestion - go niche! Everyone sells big tits, blowjobs, anal... all this stuff is cool and it sells, but due to high competition its not easy to for a noob to start in these niches.
It's a bit easier to rank higher for more obscure niches, and even though traffic is small, it could be very productive and bring decent $$!
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