This is a lot more complicated than making blog but it have a lot more features also. You can make from flash website presenting your latest photos to a website teaching people how to fix their car. The options are endless. The whole point is being really talented about what you do and that requires to like that.
The subject really doesn't matter. Searching for niches online and use something that others teach you is really stupid. The perfect niche for you is the one you enjoy it most. Period.
If you are not that good at making a website, there are many software out there that provide that for you and even many web host services that have a website builder included. Or you can use a content management system (cms) like Joomla available free to download and install. The sky is the limit.. really.
Than, with the right traffic in it and ads placed wisely (it's better to read about that because too much ads is not good) you can get a really nice monthly income out of it.
Also, be sure to read about SEO to make your website easier to find for those who are really interested about it.
Note: Regarding this subject, you might be interested in Mass Traffic Accelerator.
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