Hi, im feeling good today so I just wanted to share some tips I did when my blog has very little traffic before. Its not really true that you cannot make money w/no traffc. While better traffic is equal to better income, you can always do other stuffs that can bring you some income to pay for your hosting at least. (this is what I did and worked for me before)

1. Sell ad space for $1. go and head on to digitalpoint or other forums and sell your ad space for a dollar. Most marketers have the tendency to play safe and choose a cheaper one for cheaper risk and I think I got about 5 people eventually buying.

2. Money for some banners - Sites like matched.co.uk or money4banners.com or freebies4webmaster pay for you to place their banner on your blog. The trend here is that their advertisers are loan and finance companies so I guess they are taking a big cut from what you are getting. Well i signed for those and was accepted. They are paying me 5 pounds per month which is not bad and I had their banners placed at the bottomest!

3. Get a great theme - What I noticed these days is that the better your site looks the better the traction it gets and so I've seen lot of sites not really producign superb contents but have great themes and they're getting viewed a lot! not really you need a custom one designed but well go to smashing magazine and tweak their free premium themes...

So, that is what has worked for me! Again for me... Maybe things have changed so quickly but well Im sure I provided value here by posting this one. You can argue that better traffic means better income and no doubt about it! but that doesn't mean you can't make some money when starting out.

Maybe you have other tips to share? also be sure to check out my blog and subscribe to rss if you feel the content is good enough.. ;-)

great advice for somewhat established blogs. new blogs would get hard time implementing these.

I second webcosmo's thoughts. A new blog shouldn't be putting to many ads up until they have a significant user base. Trying to get users to come back when you have lots of annoying ads is rarely effective, especially if you don't already have some credibility.

VERY Helpful!..thanks for the tips!

Great tips.. I think they are really effective to monetize new blogs. I also agree that having a "GREAT THEME" will really increase the stickiness of your blog which keeps your visitors stay longer on your it. If your blog has a nice design, they will have no reason to easily leave it. Instead, they will become more interested to explore your blog's content including your ads.

that was a great tips to monetize your blog, really brilliant tips....thanks for sharing.

Pump in more content and make people want to stay with you because you have interesting and unique content. Gain readership first and then monetize your blog.

Good tips, nice of you to share them but I think that new blogs shouldnt bother putting ads on their website untill they have a good amount of traffic.

thanks! also try to have affiliates if you got good traffics now.

I like the idea of getting a fix rate on placing banners on my blog. My other blog is not receive much traffic and so I am planning to monetize it with this and plan to buy a domain name after the payment receive and create other blog to monetize again.

Thanks for the idea countolaf.