Paul Short has written a few great *informative* posts in this thread over at the Warrior Forum:

The Most Saturated Internet Biznesses (spelling error left intact). He starts off with:

Yesterday morning at about 12:30am I had an idea for a niche web site. I did a little digging and if I had found there was no competition in that niche, I would have stretched, yawned, and went to bed.

Instead, I discovered there IS competition in that niche, lots of it – enough to make PPC advertising in that niche market very expensive and consistent…

So instead of going to bed, I fired up the coffee pot, registered a domain name and built a site based on about 40 targeted keyword phrases. I went through the whole process in about 3 hours and spent the rest of the night getting inbound links from other related sites. THEN I yawned, stretched, and went to bed.

I can’t get over how he achieves quality link exchanges (ones that provide traffic) with a Google PR of 0 (brand new site). But aside from that, it’s a nice read and a reminder that earning online doesn’t have to be as complicated as we sometimes like to make it.

Kudos on the great posts Paul!