The basic process would be:
- Get a basic semantic picture of the domain (i.e. what items are of interest? What attributes distinguish them? Who is active in the area? Who blogs about it?)
- Crawl the Web by means of link following, search term identification, and so on.
- Find the valuable data sources and determine the database schema that best encodes them.
- Scrape data on a periodic basis into your database, and make sure you have keyword-rich databases available.
- Provide some kind of commenting/forum functionality.
There are, of course, lots of this kind of thing out there - they all suck. A small community of devoted fans can make or break this; you can become the definitive guide to a very small domain. Monetize with ads and with sales.
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