It is important to have a FORUM as well. I believe creating a community is vital as blogging is more one sided with website visitors reading your content. Blog as well of course but it lacks that interactivity that a FORUM is built for. Also it allows for personality to shine through as we know the FORUM world is primarily about respect and identity.
It's a lot of work though but if you brand it and make people feel welcome and that it's worth their investment in time you'll build a massive community even within a year this can be done as the power of viral is amazing. 5,000 members in a year.
FORUM members to me are worth more than a blog follower. Or maybe that's an impossible measurement to make. Most likely the later.
I've never used anything but vBulletin and I know and like it and it's still the best based on recent research so I'll be using this.
Still trying to decide what website I want to build but I'm going to do both Landing Page websites and do one larger website which I guess is referred to as an "authority website" is that correct?
I'll monetize it with high quality very very selectively strategically chosen relevant affiliate programs. It will be very specific interesting different perspective highly valuable and in demand content based on a few interests I have so I need to be careful choosing.
It's something where you truly have to do what you love first then think about how to monetize it. You'll never invest the time and energy doing something you don't love.
Market it via Branding (Branding increases viral aspect and therefore I consider it marketing), SEO, Social Networking, Social Bookmarking, Back Linking, FORUM viral community, Blog, Forum Signature, Free Classifieds, YouTube Videos, Low cost Long-Tail Keywords so a combination of technology marketing and guerrilla marketing.
After two years I am confident I'll have a substantial business and growing strong. I read one Warrior said "the hard part is not knowing what to do it's doing what you know." and that kind of woke me up. Two years being consistent to "make it" and be well on my way to building a successful business ($5,000-$10,000) month income.
It's all in the niche. Any more insights or advice I'd appreciate it. Specifically the marketing side of it as I know there are more than just Back Links that need to be done I'll have to research that some more.