OutdoorGearLab.com is another Amazon Affiliate monster.  They get tons of traffic and target many different buyer-intent keywords for purchases that are largely made online.  They are more niched down (which I think is a good thing) than a web property like TheWireCutter.com.  I would never suggest anyone go out and create another WireCutter because if you are just starting out, you will not have the required budget to compete as in-depth as they do.
The topic you choose must have enough depth that you can create a lot of content for it. This is important for building an authoritative site, for search engine optimization, and most importantly, for the end user. If you don't have enough content about a topic, you're not going to be taken very seriously as an authority on the topic and it's unlikely you can convince someone to make a purchase from you. 
Spam is the biggest threat to organic search engines, whose goal is to provide quality search results for keywords or phrases entered by their users. Google's PageRank algorithm update ("BigDaddy") in February 2006—the final stage of Google's major update ("Jagger") that began in mid-summer 2005—specifically targeted spamdexing with great success. This update thus enabled Google to remove a large amount of mostly computer-generated duplicate content from its index.[29]
A U.K. based dating affiliate network that operates a number of mainstream and niche dating sites, including Cupid.com, Flirt.com, BoomerDating.com and PlanetSappho.com. You can promote any of these sites based upon the needs of your audience, and with so many sites to choose from, it’s pretty easy for most affiliates to find at least one or two that are a good fit. Commission rates at Cupid plc can be impressive, too, with $15 paid just for free sign ups, and up to 90 percent commission paid on paid memberships.

If your domain is your address, hosting is like the actual house within which your site will live. It's your own little slice of the internet — the place where all your website files live. Hosting is very affordable these days, so don't unnecessarily scrimp on costs. Go with a reputable, reliable provider because your affiliate marketing business depends on it. 
Luke Kling is Director of Marketing at PeerFly.com and have been working in affiliate management for about 9 years now. Luke is also a developer and blogger. You can find his blog at LukePeerFly.com, an affiliate news aggregate (great source for newbies) at  http://affposts.com, and his most recent product to help you build and grow Facebook Pages at http://fptraffic.com. Follow Luke on Twitter at @LukePeerFly.
This site is an example of what many sites are doing these days.  They are “niched down” into brackets of certain products, and creating an online multimedia experience in the form of an online magazine style site.  There's lots of large pictures, some videos, and it looks like a true media property.  Chances are that you'd need to hire a designer to get a similar look and feel for your own website if you were to attempt it.  From a revenue perspective, this site is more than likely doing more than six figures in total revenue if I had to take a guess, just based on their organic traffic numbers.
Once you've protected your prospecting pool, maximize your affiliate program by working with the best and leaving the rest. As the old 80/20 adage implies, most of your revenue will come from a very small percentage of your affiliates. Because it can be time-consuming to manage a larger affiliate network, consider selecting only a few companies initially, and interview them before signing them on. Affiliates are an extension of your sales force and represent your online brand, so choose partners carefully.
Thank you so much! You've been an inspiration throughout. The way you wrote about TIWIB, and how they drive insane traffic from social media is mind blowing. I am amazed that even going viral on a social site like pinterest for one day can build our brand identity huge. Am I correct? Now I need to get going with my first affiliate site, come up with a unique idea and learn how to drive traffic from each source. I feel Adsense is not so rewarding.
The term niche, when used in the study of business, is used to define a business’s role in a market. Not only does its niche include the environment that a given business operates in, but it also includes the business’s “job” in that environment. A niche may also encompass how the business is monetized, how it interacts with consumers, and also how it interacts with other businesses and influencers within the environment, as well.
An affiliate agreement is when a company or an individual agrees to pay you for successful referrals. For example, Amazon has a massive affiliates program where they pay you a percentage of the sales you generate using their affiliate links. Affiliate marketing is everywhere these days. In fact, we’re able to offer our own Blogging Mentorship Program for free because Bluehost sends us money for every customer we refer.
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