I have a flash fiction blog, linked in my sig. I post a new piece of original flash fiction every day, and I avoid continuity wherever possible, to avoid the same problems Tadhg Kelly talks about above. It's got adsense on it, but I'm making very little money through it (partly due to low traffic - internet ficiton tends not to get much, I get ten unique hits on a good day). Honestly, it's mainly a personal writing experiment to see if it's possible, and to keep my composing while I'm editing my novel. Plan is to monetize it through publishing collected works from the blog.
I really want to look at something else, but I can't think of a good niche that I'm reasonably familiar with - There's personal development, but that's a seriously crowded niche. Self publishing is something I've been thinking about, but I'm not enough of an expert to really work on it. Same goes for general writing or speculative fiction writing, at least in my experience.
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