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Building blog networks works fine for me, conversions are down the drain for months, but it's pretty much the "thro enough shit to the wall and some will stick" approach. Hosting is cheaper than for TGPs, you just need more domains and IPs. Posting is a pain, especially selfwritten posts on the flagship sites, but it's a nice steady traffic flow from the searchengines and most stuff is on autopilot.
I could stop for 3 months, return, and still cash in pretty much the same ammount each month. No worries when you are planning extended holidays.
Whatever you do, you have to do it on a much larger scale than a few years ago to be able to compete.
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