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Understand where you are coming from and not trying to be a dick. I heard that same talk back in the late nineties and I ignored it and started my own site. In no way did I ever think it would be the biggest paysite ever or even close. I just wanted it to make me a modest amount, pay me enough to do this all full time, and give me the experience so that the next site would be that much easier.
It would of not helped in the least to spend time submitting to TGP's or MGP's for a year promoting someone else while I "learned". The only learning that would accomplish would be how to submit. Sure you would learn how to get your click through up and so forth but alas this is just as well applied to your own site. This can be said in regards to every aspect you stated to spend time doing.
This business is just like many others. Without proper research and a solid plan you more than likely will fail. At the same time though considering the costs involved going the trial and error route with your own site is not as risky as some make it out to believe.
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