You can use them to link to your'e moneymaking website, you can sell the blogs after you make them. There are a ton of ways you just have to be creative and innovative.
How would you go onto promoting your blog. The only ways I know are: Using Search Engines Linking your blog to forums such as DP
You can do tons of stuff: The name of the game is quality content to draw traffic. There is : PPC Social Bookmarking Videos Contributing Authors on other blogs Comments on other blogs Forum Links Article Marketing Press Releases ..and so many other ways to get the word out. If the content is good, and the design isn't complete crap, and just basic SEO you can draw some visitors.
Affiliate marketing is one. Google Adsense is obviously another option. You could also sell 125*125 advertising slots ( if you have decent traffic).
Contextual ads like Adsense Affiliate programs Sponsored posts Direct advertising Selling text links Developing then selling the blog There are many many ways, but each of them has in common that you need to have good content to help you attract visitors, as without visitors none of the monetization methods will work.
Well, I do sponsored reviews mainly and next G-ads, link sell, My own product sell and affiliate marketing.
Yep, selling ad space, adsense and affilliate marketing are the 3 big ones. Ad space can also move in to some other areas such as selling blog posts
For me, I am not a big fan of adsense, it seems to work well for some, but not for me. Affiliate "Bum" marketing works best for me. With proper research, and a well planned article writing campaign you can draw targeted traffic to your site, and you don't need as much volume to make sales.
I earn a nice passive from Sponsored Reviews and adsense. Just get nice stable traffic with PR, money surely start rolling your way.