Guest post, guest post, guest post. I write guest articles for other blogs and also invite bloggers to contribute towards my blog. In this way network is built. Both the blogs get famous.
Avoid using SMS abbreviations in blog post and at least run the post through a spell-check in MS-Word before publishing. If the bloggers cannot take the time out to write proper English, why would the readers bother reading through that cryptic puzzle?
Focus on good content, not on monetization. Over time, money and benefits will follow good content.