I have a plan but due to money constraints I am unable to start it. My plan was simple start four blogs, hire four writers get Google Adsense approved and within six month you will be making more than $200 a month.
I have writers and I do have Google Adsense approval. The only problem is funds to carry out for the next six months to pay the writers, hosting service and for the purchase of domain name.
If you want you can try my idea but you need to know the niche for your blogs.
So you will make money by spending money. If you get 200$ revenue from google Adsense then how much you will pay to your writers. I do not think any writer will work for you with 50$ per month if you want to hire a really professional one. If you have 1000$ then you can easily be made 200$ per month by trading. If you are not very good use mirror trading features and follow top traders.