Affiliate Marketing Secrets

Hi, I have been doing a little research and I have had a great idea for my own website in a very niche market that I would like to pursue. Unfortunately I have no idea how to go about this, whether to set up a website or a blog and how to do it. My website will probably take a more blog style of writing, as in written by me and being more personal, however I would eventually like to start advertising with it to make money, and allowing people to sign up to it as well, so would it be more beneficial for me to create a website? if anyone have any knowledge about website/blog creation they can give me, and the best creation site to use to go about this, i would be most grateful for their advice!

Hey,
I’m going to make a website about affiliate marketing, in which I will be teaching other affiliates to make money online, like a… mini school :p
I can’t come up with a good name though, it should at least have affiliate in it and should give a good idea of what they would be getting if they would visit my website.
Best gets best answer of course.
Thanks,

If a company advertises on a website, how does the profit counts?
Is because of the number of people that visited the site and therefore has seen the ad banner?
Or is because of the number of the clicks on the ad banner itself???
Thank you in advance!

Several examples come to mind. Three of the highest profile “muslim” extremists/terrorists presented to Americans on television are actually of Jewish descent:
“Adam Gadahn” is allegedly al Qaeda’s American spokesman. His real name is Adam Pearlman and his grandfather was on the board of prominent Jewish group “Anti-defamation League.”
http://en.wikipedia.org/wiki/Adam_Yahiye_Gadahn
“Abu Talhah al-Amrikee” is an apparent associate of the extremist “Muslim” website, “Revolution Muslim,” which threatened the creators of the program “South Park” in a very public and high profile manner. His real name is Zachary Adam Chesser.
http://www.wakeupfromyourslumber.com/blog/andie531/jewish-muslim-extremist-zachary-chesser-arrested
“Yousef Al-Khattab” is the alleged founder of the aforesaid “Revolution Muslim” website. His real name is Joseph Cohen, and he is an Orthodox Jew who spent most of his youth being educated in Orthodox Yeshivas.
http://www.foxnews.com/story/0,2933,341811,00.html
So why are three of the highest profile “Islamic terrorists” actually Jews? Are they self-hating Jews? What are the odds that Al Qaeda and its affiliate groups would select three self-hating Jews out of all of the other authentic Muslim “extremists” purported to exist, as their primary public relations representatives in the United States? Was this done by al Qaeda on purpose?
Help!!!!! I can’t make sense of this!!!

I am planning to build a website for some time now, i have a few ideas in mind, but i would like to know which subject areas are more lucrative than the others what competition is there for the advertisers and what product and services are sold in that particular niche. as i would like to make a small part time income from the site.
Please help with a list of subjects, Thanks in advance.