Ths is one of an endless amount of ways to make money on the Internet and it is a good method. Just stick to this method and implement it and you will be sure to make a decent amount of $$$'s. The only thing is it will cost a good bit for so many domain names but certainly worth it in the long run. Cheers.
The author of this thread mentioned that you will end-up with 1000 sites - that's about $10000 if you get a domain for $10, but you will probably would want to buy it for 2 years (to get a discount) so it's probably even more money than that. And having 1000 links to your main hub site not necessary means good search engine rating. I've seen sites with over 2000 backlinks and still not doing so well. Perhaps joining a link exchange program is better than spending $10K. I've seen one program, something like 7000 links for $7. Did anyone try it by any chance? Even if you get free domains for your satellite sites (from blogs like wordpress), that's still 1000 sites to make. Considering you spend 1 hour setting up each blog - it would be 1000 hours. 40 hours per week (normal work day) - 25 weeks - that's at least half of year of work. But I think it would take more than 1 hour for each site... If you have ideas how to build sites faster, let me know....
Well you don't actually seem to have read the post correctly. Firstly the only domains you purhase are the hub site and the specific niche site, all the other sites are free web properties. So if you attacked 9 niches it might cost you 100 bucks per year even at the higher end of domain purchasing. And I never advised building the content for each one, simply spin a single high quality article and it's done in 10 minutes including the set-up. Seriously, before you come and bash a thread (a free one at that) actually read it and try to understand it first, not only will you not look foolish, but you might even end up learning something yourself.