Originally when I first started blogging in 2003, I did not really have the intention to earn money from it, nor do I regard it as a possible paid job. I already had a website before buying my second domain which did not generate any revenue (at the time there was not many opportunites to earnh from online advertising) therefore the idea to monetize your blog did not even come across my mind at all.
However, the launch of Google Adsense changed my view on how I look at websites and blogs. With Google Adsense, the power of online advertising was not to be denied. Then along came paid blogging which opened the floodgates and I found that what was supposed to be a past-time passion can also double up as a viable, self-sustaining profession. I have also begun to start diversifying my income stream so apart from Google Adsense and paid blogging, I am also into selling PageRank links and TLA, web directories and bid for position directories, and I am dabbling into affiliate products as well. Nuffnang is also showing some promise.
So I guess you could say that I am not totally dependent on one particular activity to monetise my blog. How do you monetise yours?