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My blogs are a definite drain on my time. And I've just set up a fourth one... which may be a bit on the insane side. And I've revived 2 blogspot blogs because Yahoo likes them.
For me blogging is about 3 things:
1. Creating value-added content that Google will like
2. Making the site sticky so surfers will come back
3. Networking and building links, preferably one way links.
To achieve those things you need to offer unique, interesting content and it takes time to do that.
Does it make me more money than free sites? Possibly not. It does, however, help me get traffic which is useful.
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