If you want to make money from your blog then sign up to Google Adsense and start placing ads on your blog, another thing you should definitely try doing is signing up for an affiliate program like Amazon Associates, where you can sell any product on Amazon and earn commission.
Example, if you run a blog that's about technology, then you can review a product such as the iPhone, and then place an affiliate ad in the post. Review and recommend products!
In order to make money with your blog you will need to have traffic, so if you are thinking about getting into the blogging scene than you will need to read up on SEO (search engine optimization).
Having your own domain (yourdomain.com) is better then using blogger, but both will work just fine. I am using blogger now, but when I make a blog about an interest of mine, such as music, gaming, and movies then I pay for a domain name. Blogger is the only free blog platform you can use for free that lets you place ads on your blog, so it is very important that you use blogger.
It takes time, so don't rely on one blog, make as many as possible, just make sure you can keep up on them! A successful blog will have about 5 or more posts a day, don't start what you can't finish.
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