After choosing a keyword and a topic of my site - which means long tail keyword research, search results comparison and evaluation and a lot of reading and learning from Spencer Haws, I finally created a wordpress site, hosted at hostgator (Edit: After a month I changed to bluehost)
Site is monetized through Amazon affiliate program, and products my site is about are in range from 350 to 1000 USD.
My main keyword has 4400 local monthly searches. And sites on top are mostly weak sites (forums, q&a sites)!
I hope to start ranking for my main keyword in few days.
23.11.2013 UPDATE: My sitemap status in google webmaster tools was "pending" for 4 days - very unusual. So I made a few changes - instead of the default wordpress sitemap, I now submitted a sitemap from Yoast SEO wordpress plugin.
30.11.2013 UPDATE: Sitemap problems are now history and I started to rank for some of my keywords!
I have to work on adding more content.
2.12.2013 UPDATE I'm going to hire a freelancer through http://www.hirewriters.com to write a primary article for my homepage! I had already written some content, but I'm not native English speaker and article writing is not my strongpoint, so I'm gonna try to outsource it.