I would offer advertising space on a blog to bring in income. You can sign up with advertising networks like Google Adsense, Chitika and Text-Link-Ads for free, and the networks do the work of finding the advertisers for you. You get paid a portion of the profits that the advertising network brings in, which generally occurs when a website visitor clicks on the ads placed on your site. Advertising networks also resolve the problem of finding advertisers if your site is new and has very little traffic. http://www.chitika.comhttp://www.text-link-ads.comhttp://www.google.com/adsense/
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Write things that people want to read, that would be the first step.