In my honest opinion, I think that having advertisements on a businnes web site often takes away from that which is already there. The only time advertisements are a good thing is if you really need money, or if you get enough hits to actually benefit greatly from the revenue. I often think that advertisements take down a business image.
Saying this, I have advertisements on my design portfolio www.pyropixel.com simply because I have a lot of tutorials on there, and I get a lot of traffic to my tutorials. That's one of the main reasons for the advertisements is the tutorials. Besides, I don't really do design that much any more as a freelancer for other people because I find that I make more money working on my own sites.
-Matthew
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