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Blogs can be good if you know what the fuck you're doing.
Optimizing it, a decent design (non-template), submitting to link dumps, the right link exchanges with similar sites and buying up a couple of plugs to send some decent traffic to it.
If you're going to set one up and expect the search engine traffic to come flooding in as suggested above......good luck to you. You'll end up abandoning the thing in 2 months time.
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