Sponsored review sites like PayPerPost, ReviewMe and Sponsored Reviews are becoming part of the blogosphere and are proving popular with both advertisers and bloggers.
Brian Heys gave his thoughts on sponsored posts yesterday and made some very good points. He has decided to stick with adwords and stumbleupon for now but i reckon that he would have some success with it if he chose the right blog to advertise on.
Kumiko is going to review BloggingTips next week on her blog. I do plan on doing reviews here myself in a few months time and once the blog is a bit more established.
Bear all of the points below and im sure will have a lot of success with sponsor type advertising.
The most important thing to remember is your readers. Without your readers, your blog is worthless to you and advertisers.
Advertisers

The majority of work the advertiser needs to do involves researching which blog is best to advertise on.
The quality of previous reviews is a perfect example of what you can expect for your purchase so take the time to read what they have wrote before.
If you rush in and order the first blog you find you may get very little return for your cash. By spending a little time researching a good blog you can make sure you get a lot of exposure from your investment.
Whether you love them or hate them, this type of advertising is here to stay. Bloggers should watch that they do not alienate and piss off their readers with too many reviews or reviews that are unrelated. The most important thing advertisers need to do is research the blog they want a review on and decide whether it’s worth their while advertising there.
I’d love to hear readers experiences so far with ReviewMe and PayPerPost type websites.
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[...] main reason is that i post them here! Take this post for example. I read a really good post on Brian Heys blog the other day about sponsored reviews. I [...]
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Thanks for the mention, Kevin. I haven’t totally given up on sponsored posts. I will continue to look for suitable review candidates, but I certainly don’t want to shell out $750!
it’s all relevant though. for example shoemoney charges $2500. i havent researched the blog enough to see if thats value for money but if this blog was making me enough money to afford that price i would happily pay it
once a blog is established and is making money you need to start thinking about how much of that money you want to invest back into the site in the form of advertising and other promotion ideas etc