I just logged into my Google Adsense Account and found that now we can earn from youtube videos. You need to create a player with channels and code is generated and inserted to you blog. I am not aware of the earning potential from this system as I just started using the video units of Google Adsense. I read a post from Amit of Digital Inspiration that Google Adsense is enabled for RSS feeds, but I could not find the set up of that.

If anybody can help me out in this, it would be great

I presume that you have a blog that has sufficient content, valuable readers, and decent traffic. If you do not have all these, then first you need to create this. Creating Traffic to your blog is explained in my previous posts so I am not going to talk about that in this post.

1. Pay per click programs – This is the first option that you should start off with and I would recommend Google Adsense for this as this is the only work which worked good for me. I used Bidvertiser (Gave me good income earlier), Ads For Indians, Tyroo

2. Selling Private Ads – Selling private ads are the best income generator. We can see the blogs with high traffic, go for private ads than pay per click programs as they get paid for impressions or monthly tenancy. You can get customers for this only if you have good traffic and loyal visitors

3. Job Postings – I have seen this in Darren’s Blog, Problogger, he has a blogging job board. This is a good revenue generator

4. Donations – This something which can be done and there is nothing wrong in this. You do provide good content and if the visitor has got some help out of your website, then he can in return help you by making a donation. There are many WordPress plugins available for this like the “Buy me a beer”

Don’ts

1. Paid links – Don’t go for any link trading as popular search engines like Google and against this and it can result in losing your pagerank and ultimately lose in traffic. This has happened to many top bloggers like JohnChow who was penalised by google for paid links.

2. Paid Reviews – Again this is bad for your search engine ranking. Google is penalizing blogs which offer this service. If you are doing this, you should use the rel=nofollow tag.

If you are blogging for money then you should find the right product that you can sell using your blog and your blog visitors. Some blog for fun, some for money and some for both.