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To answer the question "are paid links useful?", I have to say yes AND no.
If you are looking to increase your PageRank or SERP from this, then it's probably not a great idea.
However, you haven't mentioned PageRank so hopefully, you have realised that PR is a waste of time, and traffic is most important. If you are looking to increase traffic, then paid links or advertising can be a very good way of doing this
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