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Tech blogging like - Gadget reviews, how-to blog/blogging, SEO and others are already saturated in blogosphere?
Most tech bloggers are facing tough time to get good amount of visitors/page views, and very less revenue to sustain. Many tech bloggers are also not getting their Google AdSense A/c approved due to tough competition and lack of unique content.
Is it a time to re-think & change the stance?
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Akash nope the tech scene will never be boring. Infact I have found the opposite to be true. Tech is never static and there new things happening world over even as I type this reply. Regarding monetizing I think the priority should be content and success (for that matter United States Dollars) follow you
@Vijay - Tech space is always evolving and interesting. That's the reason lots of newbie bloggers jump in to it everyday, thereby making the niche more competitive and less profitable...
Akash newbie bloggers will soon find the niche they search for and find success just like Amit did with Labnol or Om did with gigaom
Akash you need to read this http://www.minterest.com/how-much-traffic-do-you-need-to-make-money/
Yes, it's a great article and inspiring too. This article is also on the same line and theme - Check out here.
Content is the king.....Tech niche is avery promisng niche but to find success it's must to come up with the best content.....If you are covering tech news or reviews then you need to publish it faster than your competitors....if you're giving tutorials then come up with new topics....try new new things, find new new problem by urrself only....and come up with the solutions.....
Just how many write actual reviews and not just converting specs table into a paragraph form? How many do self research to make a 'how to' blog? Don't expect anyone who is re-writting content or posting content about something that a lot of people have done to get you healthy traffic. Its not just tech, its overall. I don't need to worry about panda update or adsense issue because the content I make is original. Even if you post something using other site's reference, not many bloggers are honourable enough to backlink it to them. Its common courtesy. I don't know about SEO, but I don't understand why they're under 'tech' blogging to begin with.
Tech is being converted into a too generalized term and lost its value because of the people themselves. Its even funny to see people blogging about mobiles+ introducing series of tests and using it for a while when they don't even have the stuff infront of them and test it out, but claim that 'it is best' or 'it is better'. Its even funny that such people post in one of the pages that they'll charge $100 if anyone wants them to review. Might as well say- i am ready to be a sellout for $100 for promo content in form of reviews. such blogs should stay in the bottom of the pit and die eventually.What if you can't do it right? Well, you shouldn't do it at all!
Sorc completely agree with you. Wannabies come to blogging saying they know everything and give out tutorials based on copied content. They never realise that blogging is not about one post its about leveraging your blog for long term. And as you said in the last para they die a natural death.
I don't know what to put under tech and what I shouldn't.
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I feel that tech blogs should have some detailed guides which explain things right from the basics or atleast a page with an ordered list of links which when read in that order will teach the reader everything ( or most of the things ) that they need to know. I find very few blogs having them and they are mostly successful ones.
I see articles like 'How to get PR 5-6 on blogs which have no PR at all.
I saw a blogger who copied code from someone else's site. When the original author of that code asked the blogger to remove it in a comment., the blogger replies saying that he had linked back with a nofollow link to the original article. So, he shouldn't think too much about it. I always thought that such links should be do follow. 
Now, coming to your question - The tech blogging field is saturated for those who just want to repost/rewrite things from other blogs adding no value. But for those who can come up with interesting posts, some exeperiments, etc, it is not yet saturated.
And how to get adsense approval from blogs which themselves have not been approved/banned or increasing CTR 
from guys who themselves have paltry ctrs
True! 
What I can say is I have one tech blog (few months old...) and helped me to pay my bills..
and most of the highest earning blogs are either news site or Tech blog..
If that is the case, we wouldn't have been contests and promotions where people ways to generate content. We would be having, but the intensity would have been significantly lesser. Whether you are writing as a personal blogger or for money, passion is always there. In such line of work/hobby, you need passion to drive new content and have a steady growth of quality along with the readerbase.
But, eventually, when a blog grows to a point where it demands your full attention, you would expect that it should earn some money from it. If you look at guys brown paper bag, its the same deal. Medianama has published an article on them which shows how their business model is, which is great considering their source of money is beyond advertisement, which is not really an easy thing. But fields like tech blogging, assuming one is very serious and invests a lot of time on it, they can earn only from their pageviews count and referral sales, and if they're decently influential in real world and have a very engaged userbase and forums, they get pretty decent amount provided you dont destroy your credibility- which doesn't take much effort at all. You're practically running your own publication. For such people, the more influential you are and more 'powerful' you are in regards to readerbase activity, one cannot be messed with unless they choose to comprimise.