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Wether or not they are lucrative will depend on what you will do with your traffic I suppose. You'll probable need sponsors or advertise your own avs or paysites. Personally I've had more luck with promoting my own sites on my free sites. I think it's hard to predict if it will be lucrative or enough or not for you. The affiliate programs that would work best on your site would be affiliate programs that are in the same niche as your free site, but perhaps you already knew that :-)
I'd try to get a good hosting deal and put the sites on a leased server if I were you.
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