yes its possible but you have to work 18 hours a day. or you ahve to appoint employees promote your site etc below i am giving some tips :
1, write high quality content on hubpages.
2, create a hingh quality web site and before starting up search and find the intrest of currnt generation. like social networking, ( less income from ads. i am member of facebook from last 3 years but i hardly remember that i clicked on any ads)
news portal - always good to start and later on you can expand the possiblities of your site. you can give quality content by subscribing to news network or agencies. peoples click ads according to there need. but slow click response.
free advertisement website or service portal. provode free advertisemnet portal where any body can submitt there advertisements free of cost and others can see it according to there intrest. it will work more because the site is all about ads so you can expect higher click amount.
for rest of the information please come back . i am going to prepare a hub related to the topic.