It all depends on the content of your site. If you have good quality and targeted content on your site, Adsense will serve quality ads on your site.
By quality ads I mean ads that are eye-catching, interesting and that pay a lot per click.
If you are getting 500-1000 views a day, your average click-through rate might be 5 clicks per day.
Let's assume you are getting 5 clicks each day. Which means, you get 150 clicks every month.
Now let's assume, average CPC for ads served on your site is $0.20
So, you will earn $1 a day. That means $30 a month. Not Bad. People don't even earn $10 a month. Earning $30 a month is a good start rate
If you want to increase your earnings, you will need more and quality traffic. Also you need to know about topics that people are actually interested in reading, it should be your passion too. Before writing the content, make sure to do lots of research.
In my opinion the best quality traffic is the traffic you get from search engines.
To get more search engine traffic, you will need more posts and more backlinks.
Your posts will have to be high quality or no one with a high quality site would link to them.
Once you have a good amount of High Quality posts, High Quality backlinks and Good amount of search engine traffic, you will earn a lot of money through adsense.
The bottom line?
Work hard until you achieve all of these three.
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