There is no real limit to the money you can make.. but don't expect that type of figure. I agree with ascendancy, focus on traffic and content first.
yes, halo2and34u1 right. Number one is the content and build traffic, and if you had loyal readers to your site than you can start to monetize it. Finally you can achieve that goal
yes professional blogger can earn more than that. For you have do more hardwork.. make comment your blog,get adsense approval,guest post, etc...
I think it dependson two things. Traffic and niche. Plus you will need to put in lots and lots of time and effort. The people making serious money blogging actually put in more hours than most of us do at a 9to5 job.
I second your point. First content, do what you do the best you can do Second money, you'll reap what you saw. You'll be able to market you done later. Cheers
I think it's extremely difficult to make $5000 a month from just one blog, that's about $170 daily. seem very high to me. If you manage 5-10 moderately successful blogs, then it can be done.
What a lot of people are forgetting is that the people who make the big money (Shoemoney, John Chow, Jim Ksrter, etc) spend loads of money on advertising, make pretty much all their money on affiliate marketing and run several sites.