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This is how I make money part time. I created my own network over the course of 6 months. Creating web site after web site. On each one of these web sites I add advertising. Small unobtrusive ads.
I add banners from affliates & traffic programs & viral programs.

It all sounds simple so far, right?

Well, it is. Until you go to your accounts & check for balances. You find you are not making what you thought you would. You may even say "why did I bother."

This is all okay. We all go through this. This is the learn curve. Easy money really only comes after you have the knowledge & experience. Stumble 100 times, hit the big one once.

This is how it worked for me. Follow some rules & facts.

Facts:

1. websites take time to build popularity by search engines.
2. you must Search engine optimize your keywords & content.
3. read, study, learn from others.
4. you don't have to spend a lot of money on promotion.
5. find soild proven programs to build from first, then add your ideas & make it more of your own.
6. most everything is free on the internet, find it!

Rules:

1. The web doesn't care who you are!
2. Search engines only care about the balance between content, keywords, link popularity, traffic, and relevance.
3. 80% of your traffic will come from search engines.
4. it's a numbers game. The more traffic to your site the more likely to convert sales, clicks, & sell advertising space.
5. MORE IS BETTER. Make multiple web sites. Have lot's of content. Link to thousands of sites.

Take all of this & go sign up for Google Adsense & Yahoo Publisher and anyone else you can. You should have multiple rivers of revenue. DON'T put all your eggs in one basket. Having multiple AD revenues will greatly expand your base.

Google pays best right now. Yahoo is good. Affliate programs are subjective. You must fine tune & match relevant content. But they work.

These are the basics. Now go out there & find your niche. Over time you will have built a tiny empire.