Can Blogs Become a Big Source of Income?

I started problogging in 2005 through Shai Coggins' AboutWeblogs network. When Shai joined b5media, I moved in with her and started Online Media Beat - a blog about Web journalism. For a good 1.5 years with b5, I earned a considerable amount of money. It wasn't much, but it helped pay some of the bills.

Can blogs become a big source of income? There are many factors that determine the success of your blog and the money that goes with it. I know of some writers who were able to buy laptops, digicams and travel tickets out of their blog earnings. That sounds really juicy, right?

If you're curious about problogging, the New York Times has an article about it. Read through and weigh things over. It wouldn't hurt to try something new once in a while. :-)