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Hi watchitmister,
Sounds like a good idea. Obviously it depends on your niche and your traffic. If your traffic is still low, I'd suggest making it free for starters until the ball gets rolling. Get a few people writing for you regularly, and when traffic builds you can introduce a paid system. (Again, that's assuming you don't already have the necessary traffic. If you already have plenty, go ahead and start with a paid system.)
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