WOW... great advice in this thread!
I feel like an old timer and I've only been doing this for 2 years. I remember the day when you could get a Bait Bus hosted gallery listed on a few TGP's with no effort and get a few sales in a day. I remember the day you could get a site listed on several AVS's using sponsor content and a freehost and make some sales.
I wasted 6 months doing that and I would never recommend that to anyone now. I could never get past the $500 month point back then and I imagine it would be near impossible now.
I honestly don't think there is a way to get started without a significant investment now... and constant reinvestment. You need a domain, hosting and lot's of fresh content and most importantly, a niche you can make your own.
TGP's only seem to make the TGP owner money. Hosting costs a fortune and getting listed anywhere with high quality traffic is virtually impossible. Sales text is everything, but very few people have that magic... myself included :umm:
You need a critical mass of AVS sites directed to your hub site to start earning good income. Quality, niche and originality are most important. The 5 minute template crap sites are killing the AVS's!
A good alternative for someone with some web design skills is a Movie AVS site. Hosting and content are provided, but you will need to send your own traffic to programs like this... that's the hard part! ;)