Can a small blog network make €1 million in a single year? At first, the answer sounds obvious: Probably not. If you have ten, twenty, or even fifty relatively small blogs, it is difficult to imagine generating €1 million simply by placing banner advertisements on them. But that is the wrong way to look at the problem. A small blog network does not have to become a giant media company before it can become highly profitable. The real opportunity is to use the network as a distribution system . The blogs attract attention. The attention creates leads. The leads create customers. The customers create commissions. The content creates authority. The authority creates commercial opportunities. And the websites themselves can eventually become valuable digital assets. That is a completely different business model from simply putting advertisements on every page. Blog monetization commonly includes advertising, affiliate marketing, sponsored content, digital products, memberships, services and...