Paysites are alive and well as a busineess moodel although theres about a billion of them so some are goin to have to fail. We are having a shake out right now in the industry, signs of it are everywhere so and so is not paying, this and that program is going out of business etc etc.
The formula is still the same for success with paysites i my opinion. Create a good portion of your traffic in house, develop quality content, and concentrate on niches you understand. Plus theres other no brainers like dont commit acts of fraud against your custemers but thats another topic all together.
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