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It does take some serious cash for software, content and hosting. 20k is probably not far off the mark. Back in the day, you could shoot your own content for little of nothing or build a site for an amateur. Of course a lot of webmasters built their empires by stealing content from newsgroups. Similar to tube sites today, yes? Over the years it was possible to by a ton of bulk content from sales and blowouts. Not so much anymore. So the learning curve is pretty stiff for the immediate return, unlike 10 years ago when you could make money with your head up your ass. So basically it comes down to what the tubes know now and the TGP's knew then, traffic is king. A noobie with deep pockets still has to know how to get traffic and that seems to be beyond even seasoned webmasters. You don't have to invest a dime of your own money to get into this game if you can get traffic. Major sponsors give you all the equipment you need to succeed for nothing more than your time. Of course, you have to have some knowledge about your tools.
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