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It's possible. Just think outside of the box and diversify your traffic sources. Blog traffic, SE traffic, TGP, MGP, free Site, AVS, Pay Sites, etc...
Diversify well enough and your business will be making money with limited time spent daily other than maintanance.
Is $4k possible? It's easy to pull $4k monthly off of a site that averages 10k uniques daily with the right traffic sources.
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