Blog value! Means offer something unique, fresh and not the usual abc blogposts most of the so called bloggers let do by their VAs.
If you have targetted traffic for a special niche, you can start out building an e-mail list with some returning CPA offers to monetize it. There big advantage towards advertising placements in that case is you get a pretty much interested group of people only to sign up => increasing Conversion Rates.
Another possibility to monetize is selling text links through some platforms. Depending on PR / Alexa / Domain authority this can prove profitable as well.