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I like your outlook on using blood, sweat and tears to start something over just throwing money around and expecting something magical to happen that somehow didn't happen for the previous owner.
I often have people ask me about getting into the industry and whether they should buy something like blogs from someone else... And that just blows my mind... For $8 and some shitty hosting anybody can become the next ebumsworld (sp?) and be able to quit their day job. You just have to apply yourself.
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