I have read about dedicated IP’s in one of the blogs I am subscribed and am currently considering whether I should get one for my blogs, too. From what I gathered, it is actually having a unique IP (Internet Protocol address) of your own which shall be shared amongst your blogs. You also have an option to get a dedicated IP for each of your blogs, but it will cost you a bit more. This is most beneficial for bloggers who are into monetizing their blogs as having a dedicated IP address will make your blogs more appealing to future advertisers and, therefore, future income opportunities.On the other hand, a blog owner should have to protect his/her IP as it could be banned if anything is undesirable or someone just happen to get jealous of his/her blog. Otherwise, it is a very beneficial one. It is just like a brand of a blog, much more if it has an SSL too. :-)
I am still doing a bit of reading about the subject and will be coming up with the decision to get my own dedicated IP address once I am done. For now, I just have back-up of my blogs here in blogger platform and in case something happen, it maybe deleted or alike, it's not so much a worrisome on my part.
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