If you were serious about creating an online income revenue generated by Google Adsense program idealistically you would require your own domain using a 3rd party hosting company. There are many web hosting companies online with many different deals. Some even offering free web hosting. I use 1&1.

You can use HubPages to create a Google Adsense income revenue but there is not yet a referral link to add to your HubPage. There are also many other offers about online offering websites for sale and also including webhosting for you at extra cost. If you do take an offer like this then you will need to make sure you have full control over your cPanel to optimise and promote your website successfully. There are offers that do not allow you access, you purchase the website, they host it on your behalf and tell you it's great!

Having your own web hosting account will allow all the flexibility required to fully optimise your website for the market in which you wish to promote. Firstly you will need to build your webpage, I use MS Frontpage myself, strategically place your adsense code for optimum performance. Assuming you have a Google Adsense account, if not you will need to publish at least one website for Google Adsense to consider you in the program, you can even choose the content of the Google Adsense blocks i.e. relevant categories or even relevant companies.

Once you have created your website you'll need an FTP client to upload to your host. MS Frontpage has this built in but I still prefer to use a freeware product called SmartFTP. Now having your own website and control over it, submit it for Search Engine inclusion. You can submit your site to several search engines for free using submit express, a very popular tool. I use IBP & Arelis myself as it is a great tool for search engine optimisation. It provides automated reciprical link management which is good for search engine ranking, list building and ranking checks. Basically tells you what you need to do to get good results. You can dowload a free demo to try out for yourself;

If you are in full control of your website and Google Adsense placement then you will succeed in earning a residual income generated by Google Adsense. Also remember there are other PPC advertisement companies that you can use to display ads and generate a revenue - though some don't allow you to use other PPC companies combined on the same pages as yours. Here are some more resources and references to start building your website for PPC optimisation.