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As for mechanics re capital and how I started... I used free hosted pages since I focused on farming traffic sources. I didn't really have websites per se ...more like landing pages. I didn't even spend a penny on adult until I got my first adult domain in 2001. Before that, I was making money off free webpages and just farming the traffic sources.
If you have the right sources, even today, your only expenses would be a cheap hosting deal, a domain name, and your TIME. However, it all depends on how you market. Some are very capital intensive. Others are almost free.
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