Networking

In order to generate revenue from your website or blog, you will need the most important thing. Website Viewer Traffic! That is why it is always important to keep your readers happy and keep posting and updating your blogs and websites. Even if you have 3 followers, keep them happy, answer their questions, because they might have a huge network which they are willing to share with you.

I have recently joined a network named: http://www.technorati.com/ All my questions were answerd and I recieved valuable feedback about this blog. Keep networking and be willing to take advice and tips from other bloggers.

http://www.weblogbetter.com/ is also a great website to learn more about blogging and to stay updated on new blogging "innovations" and trends. Try to sign up to these networks to stay intouch with your target audience.
Dont be rude about promoting your blog but do try to squeeze out as many willing website viewers.