Absolutely. I did several for World of Warcraft players (~11m people in that market), and each made $150-$1100/month in AdSense revenue for between 6 and 18 months. Each product has died off as it has become obsolete or replaced by something better, but plugging into an existing loyal and social community meant that I just had to give each product a gentle push, and off it went under its own steam.
This does touch on the other edge of the passive income sword, though, which is that passive income projects of this sort tend to not sustain themselves for too long. If it's a good idea, someone will come along and do it better. If it's a bad idea, it'll eventually wither on its own. The passive AdSense project that makes you $40k/month in perpetuity is more or less a myth.
This does touch on the other edge of the passive income sword, though, which is that passive income projects of this sort tend to not sustain themselves for too long. If it's a good idea, someone will come along and do it better. If it's a bad idea, it'll eventually wither on its own. The passive AdSense project that makes you $40k/month in perpetuity is more or less a myth.