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I run a site where a good majority of the members are under 25 also. Around 750 members and 170,000 posts. With that said, my niche also revolves around a hobby, so the members are the types that will spend money. I have tried to offer merchandise through cafepress, but it was a bust. About 2 months go I tried to integrate ads via google's adsense, and while I'm still tweeking the ads and trying different locations and colors and what not, I'm bringing in about half my server costs so it's not so bad.
I have not tried paid subscriptions, nor do I plan too. I don't feel that it will be succesfull because there are many other similar sites out there which are free.
I am currently trying out the ebay affiliate program, but it's soon to tell if it's working out for me. My next step is to work out a way to make money of the very successfull marketplace area on my site.
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