17/7/16 Update
Apologies for the very long time between updates, I've been very busy with other commitments, and also furthering this journey.
I've been doing a huge amount of research, reading everything there is to read on product launches, sales funnels etc. and analysing my competition, seeing things to draw from them, things to improve and generally trying to make my product more attractive than theirs.
In my niche, there are a few subniches. I'm planning on creating a product for each of these subniches as a lot of the information is very similar, but different enough for a customer for one to still get value by purchasing another. I've bought 4 new great domains set up a nice site for all of them. This has taken the majority of my time up, and I'm waiting on content to flesh out the sites ready to deploy. I've decided that purchasing content for these sites is a much more viable option, as I require tens of thousands of words for each site. Although this will cost a lot of money initially, it will save me countless hours and will allow me to focus on the sales aspect, rather than getting bogged down in writing.
In my total of 5 sites now, I've decided to take a different monetization route for each. All follow the basic sales funnel that we're all familiar with, but some skip a few steps, and some add a few steps. I think this is very important, as I'll be able to test which one is the most profitable, especially as the products for each of them will be quite similar. This will be of utmost value for me when I am finished with these sites, and decide to recreate them exactly in a different niche.
Hopefully I'll update within the next couple weeks having all of my content sorted out, and will be in the final stages of pre-launch.
Financials:
Current Spend:
$71
- Domain registration - $1 (Godaddy coupon)
- Hosting - Already had an unlimited add-on domain hosting package - $75/year - (Already owned)
- ThriveThemes membership - $75/quarter (Already owned)
- Domain registration - 5 x $10
- Logo creation - 1 x $20 (Will need 4 more logos created)
Current Earned:
$0
Thanks all for your support, and I'll answer a couple questions:
Is the product physical, and if so how do you make it
The product is not physical, it is an info product.
Good Luck OP, following this! You seem to be motivated hard

Anyways how are you going to promote your product? Ads?
Yes, I will be promoting the product through advertising primarily. I'll try a few different sources such as FB ads, Adsense, maybe solo ads and I'll try out some of the traffic services in the marketplace. I'll start small, do some A/B tests to maximise my conversion rate and in turn profitability, and will scale with my hopefully positive ROI. Once I've gained some traction, I'll then turn to affiliates - through ClickBank, JVZoo or something similar.