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One of the most common things I have seen is programs with great tours, very little content inside the sites. It was a real trend a few years ago for companies to turn out piles and piles of "niche sites" that had only a very little bit of content for the niche, and shared content with the 100+ other sites by the same program. At the end of the day, surfers figure out they are getting fucked, the programs don't retain.
Retention is one of the keys to the game, double so for programs that use the PPS model. However, even in partnership arrangements, if the sites don't retain, the webmasters sending the traffic don't make enough per click, and they will move their traffic elsewhere.
Quite simply, if you have no steak, just sizzle... people will stay hungry and look somewhere else.
Alex
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