My first question is, why did you decide on blood meal?
You can fertilize planting holes or you can fertilize the whole bed. Many techniques work. Everything depends on your soil composition and bed layout. But you really have to understand what you're doing and most importantly, why you're doing it.
If you don't understand about NPK and what the various nutrients do for the plants, you're better off using any of the dozens of all-purpose fertilizer blends on the market like Nick is describing. When you DYI with individual nutrients, you risk throwing off the balance and interactions necessary for healthy growth and end up, as Luke mentioned, with unintended results.