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Depends on the types of ads you run. I see some people that rely completely on adsense, and depending on the type of site, this could be a losing effort as traffic increased.
That said, in most cases, more traffic = more money, it is just up to you to figure out how to do it.
Before I start a site, advertising comes into play. That doesn't mean I immediately start running ads on the site, but I evaluate the niche and make sure I am fairly comfortable in my ability to increase my profit as the site grows.
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