This is probably the most popular way of money-making.
If you don't want to pay for domain and server you can use Blogger, but be aware that google will take a small fee from your adsense revenue.
After the you will need to pick a niche or subject which will be interesting to readers and most important will allow you to show relevant ads. Name of your blog should do something with subject you picked. If you are setting up a blog with the sole intention of making money, you need to find a profitable niche. The other things to take into consideration are the amount of people searching for a particular term, the amount of money advertisers are paying to advertise using that particular phrase, and how competitive that term is.
Good way to find niche is to perform keyword research. To learn about that use help of place like Keyword Academy.
Now a short list of money making ways:
Google AdSense - the best, most rewarding monetization resource for blogs, news sites and small, content-rich information sites.
Amazon Associates - gives opportunity to independent online publishers to promote any product in Amazon's inventory as affiliate agents.It is possible to earn as much as 10 percent per sale as an Amazon Associate, which is not bad at all.
Text Links - nice way to monetize content without adding clutter and intrusive ads. But it will help a lot to have a Google PageRank of 4 or more. For those having a PR value of 6, 7 or more, there is great opportunity for serious monetization. Five or six text ads can easily bring in a few hundred dollars every month on a PR 6 blog.
Pay per click (PPC) is an Internet advertising used on websites, in which advertisers pay their host only when their ad is clicked. There are really lots of these ads now, but to start rolling your blog should be clean, nice and popular. If google doesn't care that much about how many visitor's you've got, others do. So these are more difficult to join, but they are more rewarding and may not look cliche.
If you do your research properly, and if you make good content, and generate incoming links, the correct niche blog can return you hundreds of dollars a month with very little work on your part once the basis is laid. Now take a deep breath and start making first steps towards your careless future 8)
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