PayPerPost pioneered this model, with much controversy on the beginning (related to the fact that they did not require disclosure on paid posts). Soon other companies followed, most notably Sponsored Reviews and ReviewMe, refining the process and expanding the paid blogging model.
Joining one of these sponsored reviews marketplaces will give you the opportunity to write sponsored posts on a wide range of topics. Not all bloggers are willing to get paid to write about a specific product or website (because it might compromise the editorial credibility), but the ones who do are making good money out of it.
If your blog has a big audience, you could also offer sponsored reviews directly. As such, you can cut off the commissions of the middleman.
I have manged to compile a list of sponsored reviews and paid blogging network.
1. PayPerPost
This is a completely new version of PayPerPost. How different is it? Well for bloggers, there’s no more busy dashboard, no more Advertiser-set prices, no more waiting for blog approval!

2. Sponsored Reviews
SponsoredReviews.com connects advertisers with bloggers willing to write honest reviews about their services and products.

3. ReviewMe
Make money by reviewing and promoting products

4. BlogVertise
Their Advertisers want YOU to mention and talk about their websites products and services in your blogs and journals. They want the publicity, the exposure, the Buzz! that online bloggers and internet journals can generate for their web site products and services. In exchange blogsvertise pays YOU in paypal per task/blog entry, for writing / talking about / mentioning their website in your blog!

5. Smorty
Smorty has the worlds largest network of high quality blogs. Each and every blog is carefully reviewed before accepting them to our advertising network.

Hope it helps.
Cheers!
Patrick
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