How to monetize my Blogs in WordPress

Did you get an answer to this? I am just starting out and would like to know how?

If you are looking to monetize from affiliate programs that utilize ad space, there are several plugins that will assist in managing these, such as Advertising Manager

You might also consider a stand-alone affiliate ad management application like OpenX

Of course, if you have a product or service that you are trying to advertise through WordPress, setting up WP e-commerce may be a starting point.