Interesting, I've been doing just that for the last couple of years. It's been a mix of partial successes and total failures, mostly failures. I didn't want to go the 'mfa' route for obvious reasons, so I try to make these sites in to something that actually is useful, and that have a sense of community about them. Here is a breakdown of what you can make this way in a month based on adsense alone after several years…
I agree completely, $1 a day times 400 sites is simply not feasible. This article is terrible advice, the kind that will probably lead you to failure. I have a fairly successful affiliate marketing business (I make more than I would if I had a day job), and it seems like every day I talk to people who are taking this approach and making $1-$2 a day. The article's logic is flawed- if it were that easy to make projects…
I would do it myself, but I have no desire to work on projects like that full time, even for only 2 years.