1. Reputation in Blogosphere
2. Most Advertising services do not accept subdomains
3. Fans & Subscribers Increase with Custom domains
4. People Will Share and Bookmark Your blog posts
5. PageRank increase slowly With Subdomains
6. You just need to buy a domain and not the Hosting
7. Rankings will Speedup
8. PageRank will stabilize On next PR update
9. You can Grow your business
10. It Costs Less Than $10 To Buy a domain!UPDATE: Now you can buy a domain as low as $7.5 from Godaddy! Read this post -> Blogger Domain Settings Simplified.
What are you thinking now?
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