I have a little side project that aggregates a small community of gamers. I am currently getting about 20k uniques per month, but can potentially grow much more
If i was to sell ads on the website, how would the revenue model work? How much would i make? Any suggestions for other revenue models?
Some models where you have a very targetted niche involve sponsoring content, reviews, videos, contests or events. But usually, you need a niche advertisers can't easily reach to make good money.
In general, don't expect to make a living unless you invest a lot of time in deals and grow your page views.
If you can monetize your user base through other means, such as creating a paid Pro version of your service, or a SaaS app marketed to your users, you have the opportunity to make more money than just advertising.