Yup. I have thought about this long and hard, especially since I have started to see a profit from this blog in such a short time. It’s because people don’t understand what it takes to start a profitable blog, because the internet world is filled with “8 minutes to a profitable blog” tutorials. (Unlike this free tutorial, which assures you it will take a decent amount of effort and walks you through the steps.)
The problem with an everything is free model to begin with is you set expectations at that level and attract people who don’t want to buy things. You need to go in with the mindset of what content will get me buyers now, not later, which means you make offers from day one based on very clear positioning from day one (or no one will buy). You still provide value for free of course, but it’s tied in with immediate offers so you can set a standard and begin seeing if you actually have a business that makes money.
Working with advertising networks isn’t your only option when it comes to selling ads. If you end up with enough traffic, advertisers may come directly to you and ask you to place their ad on your site. You can also contact advertisers yourself. The biggest difference from the above mentioned option is that there is no middle man, which means you can set your own ad rates.