Apart from services such as PayPerPost and Blogsvertise, I am also accepted into the Blog To Profit network. Unlike the other paid blogging services, however, you do not have to blog about the advertisers that Blog To Profit gives you the links to. All you have to do is to blog about whatever topic you are familiar with and include the advertiser link using the specified keywords. You are also not required to disclose that the post contained sponsored links since all you are doing is simply post links.
Their payout is $5 per link and for the initial postings they will give you 5 links to start off first. If they are satisfied with the work that you have produced, they will give you offers of up to 10 links. Now that is not bad at all, considering that they give out offers almost every week. I have already earned about $100 to date with them and they have recently started to offer me 10 links per offer. So if you have a blog with a high PR of at least 2, you should check them out.