To emphasize my point about leaving your .blogspot domain, I’ll start off with a riddle:
A person is trapped in a room. The room has only two possible exits: two doors. Through the first door there is a room constructed from magnifying glass. The blazing hot sun instantly fries anything or anyone that enters. Through the second door there is a fire-breathing dragon. How does the man escape?
The answer is at the bottom of the post in-case you want to figure it out! However when you are on a .blogspot account for your blog, YOU ARE TRAPPED. The only thing you can do on the blog is write and make money off sponsored posts, however, I bet that you didn’t know that you cannot sell or transfer ownership to anyone else.
When you sign up for a blog, you check the “I agree to the Terms & Conditions”. Seeming as nobody bothers to read them, I’ll pick out the part that says you cannot sell your blog to other interested parties:
7. No Resale of the Service. Unless expressly authorized in writing by Google, you agree not to reproduce, duplicate, copy, sell, trade, resell or exploit for any commercial purposes (a) any portion of the Service, (b) use of the Service, or (c) access to the Service.
What does this all mean? All the work that you do to build the blog with links, content and readership will either have to be transfered to another blog or not moved during the blog’s life on the internet.
So If you’re at all serious about starting a blog and want TOTAL control over how you want to run it (Perhaps selling it later in the road) – fess up $100 bucks for a domain name and 2 year hosting and see how far that gets you. If you write some good content, you’ll easily recoup those costs in advertising sales and sponsored posts.
Answer To The Riddle: Wait Until Night Falls