Learn some basic html, javascript (or php if you want, just the basic).
Create a blog.
Buy autoblogger, auto submission to social bookmark, hide-my-ip stuff like that.
Hire a freelancer to write unique articles.
a. Submit articles to your blog, bookmark to social bookmark.
Use traffic analytic tools, like google analytics, or whatever you prefer.
b. Do linkwheel for your blog (or each of the post if you want). Squidoo lens, hubpages, ... methods to increase traffic.
c. If you want, do some youtube, metacafe, dailymotion videos to attract visitors.
d. Use twitters, along with myspace, facebook,... if your blog is targeted general visitors, if not, dont bother those.
Open adsense, clickbank, commission junction account.
Continue submit articles and promote them as a, b, c, d above
. Add adsense code, or commission junction.
. When your traffic is huge enough (i dont know specific number), apply for CPA network like hydra, maxbounty,.... Choose offers to promote in your blog.
Then you are done. Just earning money while keep submit, and promote your articles.
If you want, maintain 10 blogs like that.

Everything is what I learn theoretically from others, I cannot do that for myself.