Different methods work for different people. Adsense is an easy way to make money with blogger due to the easy integration! To supplement this you can also employ other subtle advertising services such as InfoLinks.
Adsense is a good way to earn some money as a blogger, but you can also try selling advertisement (links, banners, blog posts) etc.
Adsense = VERY BAD! Google owns Blogger and Adsense. This is VERY bad. As soon as they see you having very good success, its a BAN on the blogger. Do not use adsense on it. Use another PPC. Maybe use a combination including cpa offer/product or clickbank product.
Yes, true. If you want to make some decent income, not few cents, Then adsense is very bad idea. You will get banned. Trust me. If you have some decent traffic to your blog, better use affiliate offer as a banner or something like that. Affiliate offer don't need to be cheap. You can get up to $1,500 per sale if you look. If your blog is well targeted, to make a sale, its very easy. Making $1,500 per sale, isnt bad at all.
I'd go with blog reviews. You can find a list of them on the link below. http://ineeddiscipline.com/2008/07/04/19-blog-review-networks/ I also have a list of some CPM & CPC ad networks that I think are good for smaller blogs and web sites. http://ineeddiscipline.com/make-money/
It is a combination of all the three that should be the motive. Right now I concentrate on the content part of my blog.
If you have some valuable content or something that people want to watch or download, then I would suggest thinking of ways to use CPALead or Sharecash. These can be very profitable if you have something that people want.
I still think best way to make money as blogger is affiliate marketing. You create simple small blog, with 3-4 posts. Right keywords, and rank this blog with backlinks. Build this blog until it makes $500-1000 every month, and Sitepoint, has a place where you can sell it. Blog/site, what makes $1000 per month, can easily sell for $90-$100,000. Yes. $100,000. And to create a blog, what make $500-1000 per month ($17-$34 per day), is very easy. If you try to create authority blog, like a huge huge huge blog...sorry but you are never able to build backlinks, to get this blog ranked and to stay there. You need a team, who works for you. You are not getting anywhere, writing just posts.
I will suggest you to firstly use adsense but not depend on adsense it will not give you that much you will work for your blog. When you get the decent amount of visitors then you should go for affiliate marketing and use text link ads along with adsense. But for start Adsense is good