Never Forget an Old Site
I’ve often purchased a domain name on a whim, setup a site, played about with it for a bit then forgotten all about it when I realise it won’t become a money maker. I did this with two sites, Red Hot Wallpapers (RHW) and Ribbu.
If you remember, my challenge with RHW was to purchase cheap traffic and convert it to clicks on my ppc ads. Unfortunately it didn’t work out, and I couldn’t go down the social media route as the traffic is adult(ish!). With Ribbu, I received a huge surge in traffic from StumbleUpon then it all died down very quickly.
I recently re-visited both these sites only to find they were generate about 500 unique visitors per day each! A lot of the traffic is from Google Images but it’s still traffic! So I’ve slapped on some more ppc ads and hopefully they’ll convert in due course. I’ve started posting on these sites again, and even if they aren’t successful in gaining a good position within the SERPs, I’m still getting daily visitors.
Just remember never to forget an old site, they’re probably worth something.
Good luck with your persuits,
Khalid.

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Monetizing traffic from Google Images is going to be very tough. If you come across any successful methods, please share!