I received an email from GrabMyAds with some updates about their advertising program. This local blog advertising company will now have the earning revenue restructured to a 70/30 split between publisher and GrabMyAds. Whatever the advertisers are paying to advertise on blogs, the publisher/bloggers will be earning 70% of the amount while the other 30% will be for GrabMyAds. GrabMyAds will also be taking out 5% of their 30% to setup a fund to organize events for bloggers. Bloggers who are with GrabMyAds may also send in request for funding of events that they would like to organize too.

There is also a new referral program that you can refer your friends to sign up. Publishers can refer their friends to join up with them and they can earn themselves 5-10% extra earnings while your bloggers friend earns too.

As a token for the current bloggers that have been supporting them till today, they have credited every bloggers that successfully register with them a bonus of RM10. I have check my account and I see the RM10 there. You will need to accumulate RM50 before you can cash out. Tell your friends about this RM10 bonus that they are giving out. I also have earned RM0.30 from the enveluv.com global CPC Ads.

There will also be a monthly lucky draw prize for all their active bloggers. Each register bloggers will have one entry for the lucky draw. You can get more entries for the lucky draw by referring more blogger friends to join their network. Need more traffic for your blogs? Try their BlogWink project which has been funded by them. It is a new blog aggregator where bloggers can use their GrabMyAds username and password to login into BlogWink.com and start posting in their new post. They can also view their own post statistic as well as interacting with other bloggers. Just “Wink” any post you like, just the same like Digg.