ReviewMe, a new advertising concept for blogs from Text-Link-Ads, might just be the revolutionary change in blog advertising that bloggers have been looking for.

While ReviewMe isn’t exactly ‘product placement’, the theory behind the service is similar: get a relevant product into the content without annoying the readers (or viewers)

The concept is simple, instead of relevant ads around your content; your review of a product becomes the ad, and the revenue stream. Once you sign up, and your blogs have been approved, their worth is automatically calculated based on various blog ranking and popularity factors. Your blogs revenue worth per review is viewable next to your approved blogs.

Once your blog is in the ReviewMe marketplace, the blog is visible to potential clients, who can then purchase reviews from you, giving you the potential to earn anywhere from $20 to $200 per completed review posted on your blog. ReviewMe takes a 50% cut. [See Paul Stamatiou’s review for screenshots]

As an advertiser, you get a chance to pick and choose the blogs that review your products, in effect giving you some control over the review process. Review pricing start at $40, and is a one-time fee per review. I wonder what will happen if there is a bad review, does the advertiser then get to pull the plug on the deal?

To get things rolling ReviewMe is giving away $25,000 to the first bloggers to review ReviewMe itself. I feel ReviewMe to be a simple yet elegant concept which puts a value on your blog content, and makes the blogger a part of the advertising process. Most bloggers inherently review things all the time and ReviewMe should mesh well in tapping that inherent blogger behavior.

THIS POST WAS SPONSERED BY REVIEWME