What do you mean by a "small program"? How many sites are in the program? What niche? How many active affiliates? How much is invested in campaigning?

Look at it this way: you can average your income at one signup per hour worked each day

In the real world, that is a nice wage, $25.00 an hour. Typically most people without a decent education will not make that that unless they are in a union job.

Video Secrets has transgender models. Their WL also looks great in many member areas.

i know a webmasters who's program does 40-50 joins a day small time, hardly known i would consider him medium. Its all his own traffic so his profit margins are high, he don't need to pay out 40 a join