Step 1: Gather the sites where you want to create Web 2.0
Step 2: Generate the list of names which are related to your niche following above methods.
Step 3: Sign -up and create your account on those websites
Step 4: Setup your blog with good looking theme
Step 5: Create mandatory pages like About us, Contact us etc.,
Step 6: Based upon your domain plan the contents and write them
Step 7: Interlink your posts then give link to your money site
Step 8: Ping them and wait for atleast 2 weeks