I actually did build the accepted answer, I am just posting this so I can add some color and notes. But it's the same basic design.
I used 1/8" braided nylon cord, largely because I already had some and there was enough handy at the hardware store. Also the white color blends into the sky a bit better, though it stands out against the blinds. It certainly overkill for the application, as the strength of a single strand is more than the entire weight of the blind.
Where the diagram specifies "pulleys", I opted to use simple steel rings. They're about a quarter the price, and also make it easy to run multiple cords through them in slightly different directions, which is handy since the blinds actually use three hangers and hence I used three cords.


I didn't feel like measuring out and cords to cut them (though it ends up being about 20-24' each, depending which end of the blind you're connecting to), and the blinds were already hung and kind of a PITA to take down, so I ran the cord through "in reverse" and then tied them to the anchors behind the blind. This was a little ticklish, since I don't have easy access to the back, but worked OK.
Using a cleat to tie up the ropes would be ideal, but it's also a pain for me to add hardware in this spot. I do have a balcony railing handy though, so I used that for now.
I've tried a few wraps around the railing and then a slip knot carabinered to the line to keep it from coming out.

And also a mule hitch with an overhand backup.

Both work reasonably well, though it may be a little more rope work than your average person would want to do just to roll up the blinds. I may do something better at some point.
I also found that the stupid thing flops around in the breeze a lot, which I should've expected. I've temporarily addressed that by creating cord loops around the railing uprights (actually old shoelace tied with a double fisherman's) and using the stupid clips supplied with the blind to attach the bottom of the blind to them. This seems to work better than I expected, and is certainly good enough for now.