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according to me 30-40% isn't a bad number, make a program announcment on GFY and see the webmasters signing up, lots will only signup to take a look or to start sending you traffic later. Few will push you hard and start making you money and few will send a few hits making the occasional signup.
You are doing pretty good I think, but it also despends on what your topaffiliates are doing ofcourse, 30-40% all sending only a few hits daily won't take you anywhere but you know that allready ;)))
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