Best Summation of the Blog Business

This is one of the best coverages of the blog business I've seen.  He sums up everything pretty well.

http://www.whattofix.com/blog/archives/2009/12/hamburger-casse.php

So the question you're all asking: are you making any money off of this? After about ten sites, yes, we are. Would I recommend this as a hobby business for others? No, I would not. It's a freaking lot of work, to begin with, if you are really looking to provide useful and quality information.

It's also getting to be a highly-competitive business. Companies are using advanced algorithms to determine exactly which subject areas have the most lifetime value for advertising and creating lots of material around them. It really has the feel of the stock market when computers got in and changed everything. Yes, you can still have a very profitable niche. Heck, I have several ideas about moving up to the next level. But these guys play hardball over pennies-per-day. Any newcomers should know that before getting in.

Of course he's not giving up:

Having said that, we're probably going to keep it up. Every week we get emails from people we have helped with our sites, and that's really neat. There's something about having recurring income that makes you go "Wow!"
It's a good feeling. 

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