Which is better: to set-up your own blog or sign up as a blogger for a blog network?
If you set-up your own blog, you have the luxury of what topics you are going to write and when you will write it. Blog networks will demand a certain number of posts per week (around 7 to 10 posts per week) and you have to apply which channel you are going to write forehand—will you be writing on gadgets or on celebrity gossips?
The big plus in writing for blog networks is the pay. They will do all the technical stuff and you just have to worry over what your next post will be. If you have your own blog, you will have problems on how to generate income. That requires some technical and web marketing knowledge.
Why not do both?
When you are sticking to the original idea of blogging as a personal online journal, you can have your own blog under a free blog hosting site such as Blogger so you will not have to worry about paying for hosting and domain name. Plus with the free service, you can generate income (meager or huge) by putting ads relevant to your blog at no cost (it is usually hard to earn money if your blog talks on personal day to day happenings in your life).
While you have a personal blog, apply for a bloggger position in one of the blog networks online. That means an added income for you. If you apply for several blog networks you could go into professional blogging. The pay is good that some bloggers are quitting their day jobs and go full time into blogging (warning: I am not saying you should quit your day job and have a blogging job instead; Please think about it if you plan to).
Having your own personal blog and blogging for a network has its advantages that you should look into. Why not get all those advantages by doing both?
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