Lately I have been buying domains and building Niche websites. My goal with this is to not throw together poorly researched fodder like many adsense websites. I actually buy domains around subjects I am passionate about, write all of the content in a professional manner and put it on my own website.
I am a web designer by trade also, but there are many software and content management systems that don't require a huge learning curve that you can use. This has generated residual income for me that is very nice to have each month. It also allows me to share my knowledge and hopefully provide genuinely useful information to those who are searching.
To get started doing this there are some things to consider...
First of all it doesn't happen overnight, quality matters, and you must be patient. It took me over a year to start getting monthly adsense payments above the threshold. ($100)
The beauty of websites you own though is that if you use a webhost that allows you to host unlimited sites - you only pay one hosting fee per month. I pay mine yearly and get a steep discount.
Domains are inexpensive as well from 5-10 per year depending on who you go through.
Once you build your site with quality content and work regularly to promote it and add it to search engines etc. the traffic and income is there for a lifetime.
You can join affiliate programs or just sign up for Google's adsense program. Follow the rules and don't try to cheat! If you try to cheat Google will blacklist you and remove your site(s) from it's search engine - so play fair and stick with "white hat" promotion tactics and don't be tempted by places that say they can promise you tons of backlinks etc.
Overall I feel that having my own websites and promoting them is more lucrative for me long term. I do still write articles and hubs when I have time for other websites as well and it is useful for getting followers and backlinks and simply sharing my love of writing.
Over time I have built up by developing "evergreen" content and sites and now make around 250.00 per month on average with adsense - and this is with only a few websites live and running. I have several more in the works and hope to expand my residual income from those as well.
It's hard work - it takes a lot of time, but it is also rewarding and I feel I am doing something I love and that it is helpful to others.
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