Not to begin with, no. To be successful with AdSense you need traffic - you need to build up traffic over time (unless you've got money to advertise). Improve your traffic by submitting to directories, link exchanging and writing lots of original, informative and useful content. To get the money rolling in to begin with I would do sponsored posts. Be aware that you'll not make a fortune doing sponsored posts, but as with everything you'll get more benefit when you become established and better known.
Depends on how much money you want to make, and how much time you're willing to spend on it. If you are smart and work diligently for a year or so, you could possibly make $5-10K/mth or more from blogging. But at the beginning it comes VERY slowly. If you are happy with $10-50/day, then do some SEO work until you have a high enough PR to write sponsored posts and don't worry too much about building a following.
I try to take one thing at a time and keep on learning ....reading me the problogger website has helped tremendously
You can't rely on AdSense or any other PPC programs unless you got tons of traffic already. If you're just starting it, then it's better to concentrate on traffic first rather than monetizing your blog too soon. Once you've got loyal readers, then you can start making some money out of it.
adsense is defenitely the best when it comes to monitarize blogs, but then the problem is, you need search engine traffic. for that, you just need to do some seo works. optimize your blog, get backlinks etc, and keep updating the contents! that is one of the best methods to make the most out of your blog. cheers!!
I wrote a small article some time ago about How to make money off your blog, it was even accepted by P2L, maybe you will find the info in it interesting...
There are lots of ways of making money with blogs - See Part I and Part II on my blog about this very subject.
Well the amount and things which u stated, i think thats tough (not impossible) Great one.. seriously .. the things are not easy in the starting and the people have to pay lots of attention towards content, as one they are indexed they have to concentrate on SEO as u said..