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I've seen someone doing it for $250k/first site and I've seen others do it from $5k/first site... both can have the same results ... be smart, don't lie and don't fuck up anyone... and find good niches - babes and teens are the hardest to make profitable.
Also go for exclusive, quality content, with frequent updates.
The more you can do yourself, (or someone as a partner) the better.
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