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I think the math works out better this way.
30 updates month.
each site one update week so 4 month
you have 8 sites members get access to all of them.
500 members x 8 sites. 4,000 members @30 = 120k month
50% webmasters and over hear.
60k gross net
35k content cost
net 25k month
If you can pull that off I think you will be happy. But whats your start up costs?
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