This is exclusively made for communities. People enter on forum and leave messages about different topic in a area. Forums can be free to register or paid membership (if it has very high quality information in it). Either way, this is a great way to make a source of income out of it.
Forums are great traffic generators if people access it frequently and write in it but is a little bit more harder to manage. You have to set moderators on different areas and make sure that nothing against the rules happens there. Also, it should always have clear and updated content that keep the readers satisfied but also attract search engine traffic.
There are free or paid forum to use but some of the most popular are phpBB (which is free) and Vbulletin (more advance but paid forum cms).
The niches are also included in what you like to write about. You will create a big community that will provide help to its member regarding the subject you all write about it.
The ads can be displayed between forum topic and even on your admin profile. You profile will be one of the most viewed as everybody want to know something about the admin of the forum. Don't use cocky names or long nicknames instead of this. Admin is much more professional and reflects the authority that you have in the forum, as you can delete messages, topics and even you can ban members from access it ( ban the IP address of the user).
So, for those who like to have a organised chit-chat about their favorite topic and also make some cash out of it instead of a lousy job there you have it: the forum is the option.
Note: Regarding this subject, you might be interested in Auto Click Profits.
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