2 years ago I was no where.
I own over 50 domain names. I've built probably 30-40 sites. Sure, only 10 of them make money but I'm on the path this year to make over 150k in PROFIT. (before taxes)
The key thing is I learned A LOT from every failure. I've also learned that while some niches may be garbage, every once in a while you're going to have a website, blog, or idea that is a WINNER.
So keep plugging away, keep building your empire, and watch your million bucks come to you a whole lot quicker then most =)