One of the most common ways to monetize your sites or your blogs is through the sales of text links. Simply put, [tag]text links[/tag] placed at your sites is purely an [tag]advertisement[/tag] for the buyer in order to draw the visitors from your sites to his.
Text links can be placed anywhere on your sites. Common placements are at the headers, footers and sitebars/menubars. Lately, there has been a trend to have links placed inside the content which I have blogged about previously. The more links you put on your site, the more money you will make but bear in mind that webmasters generally do not desire sites with too many links (do not be greedy but maintain a good count of quality links).
Text links can be sold for a period of time (a month, 2 months, etc) or for a one time [tag]permanent placement[/tag]. The rule of thumb that you should take note is that the longer the duration of [tag]text link[/tag] purchase, the more discounts you should give. Whereas, for one time permanent placement, your site should be up for at least the next 2 years.
Payments by advertisers to you are generally through Paypal. Therefore, having a Paypal account would come handy for you. There are some cases whereby advertisers pay through MoneyBookers if Paypal is not available in your country.
[tags]monetize blog, monetize site, make money, online money, textlink, textlinks[/tags]