Did you know that the FTC requires disclosure in blogs? I guess the purpose is that if you're going to be bragging about how great a product is, then you should disclose whether you're being paid to brag about it. I think it's kind of a dumb rule myself (don't most people assume you're being paid when you're raving about something?), but there are some who may be influenced.
The key, disclose the value you've received from a vendor or other person. Here's a great website you can use to disclose what value, if any, you've received for promoting a product. Of course, if your blog doesn't have sponsors or endorsements, it's quite simple not to have to do anything.
Note: In case you're wondering, I will take sponsors, and make endorsements for anything of value. See disclosures 1-6 on the link above.
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