Monetizing your blog
Adsense.
One of the most popular and easiest ways to monetize your blog is through google adsense. Blogger is totally adsence friendly with easy steps to sign up to adsense if you havnt already done so, and choose the ad format, position the various ads anywhere within the blog page along with several blending options. Also, you can choose a different format of adds on various post pages different than that of on the home page. Its very straight forward and with a bit of tweaking of this feature you will soon get the hang of it and tailor the adds nicely around your blog posts.
Affiliate Programs.
The choice of affiliate products you can promote on your blog is almost overwhelming.These are displayed by positioning the adds that are Javascript/HTML based within the main template. The programs on offer vary regarding there requirements in order to be used. Its just something that you will have to carefully consider keeping in mind the content of your blog and what kind of traffic you have in mind. Doing a quick search on google should garnish some ideas as to what would appeal to your audience.
Sell Advertising Directly.
Over time when you have gained a sizeable readership, subscribers to your blog, Selling advertising space on your blog may prove to be a very good idea. Approaching various advertisers who's products are in line with your particular niche would be a good start. As with any form of selling advertising space, its likely that you will have to keep looking for new advertisers but can prove to be a profitable venture.
Other ideas
Writing paid reviews is another option worth looking at. But, its wise to be aware of the problems that you may encounter with google as they have their own procedures regarding links. This is worth considering is you are strictly relying on them for traffic.
Although the technicalities of the various blogging sites differ from each other in the way you go about placing ads, links, the whole ethos of monetizing your blog remains the same. Keep it simple and don't be afraid to try different things. What works best for one person with a particular niche blog may not hold true for another.
Blogging your way to a profitable online income - pt1