I have sites with around that amount of monthly search volume that contribute a good amount to my monthly income. As others have said though, it all depends on the niche. If you are using it to promote a site that has $1 PPL it is unlikely it will be worth your effort.
However if it is $30 PPS or something, and you construct the page right, you should be able to at least manage a handful of sales each month, thus making it worth your while.
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