I am a little unclear in my understanding of your post
Having a blog or site that initially had great conversions amnd then dried up is different from having a site that has never had good conversions
If you initilaly had good conversions and then this dropped off, it may just be a general problem with your niche and not a site specific problem. Especially if you are still getting a large number of unique visitors
If your site has never really be a good converter then two things need to be addressed
One is your sales copy. If your copy sucks, then obviously conversions will be low
And two is where is your traffic coming from. If you are promoting a $100 product on your site and the bulk of your traffic is freebie seekers then... you catch my drift I am sure
Good luck
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