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I've been in the business full-time for eight years and sure, processing has taken a big hit due to Visa regulations and myriad other things. I used to do 1/50 on AVS. I now do 1/200. But traffic in general (though not SE traffic) is a lot easier to come by these days than it was back then (this whole realm of buying partnerships at TGP seems wonderful to me, when we used to live and die by some TGP webmaster being in a good mood). And whereas I paid $2500 a month for my hosting at its peak, I now pay $150 for a similar set-up.
Also, when I first marketed Max Cash, they had two sites. ARS had four (all gay). There are a lot more programs to niche market.
I'm hearing a lot of old-timers (who pick their sponsors right) doing 1/500 and 1/700 for TGP traffic. I did 1/900 back in 1997 just on bulk crap traffic and still made $200 a day.
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