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One thing to keep note on the smaller LL's....things change and if these webmasters constantly work on their LL's, eventually, they will grow and become bigger, if not one of the biggest. Things take time and if someone sees low traffic from a few, they might think this is it for the rest of their life...you'd hate yourself if you dumped low traffic LL's, only to find out a year later they are bringing in HUGE traffic after a year of working hard.
I know there are some LL's who only focus on their own site only and see submitted sites as just filler with traffic for their own affiliates. This kind of thinking is where the small peeps will not last. I know for my directory, I work like 12 hours a day (especially with the new version coming) focusing on design, features, traffic, and of course, methods to help webmasters make money with sites they submit to 69toplinks. Focusing on helping the webmaster, will in the long-run, help the directory.....I believe in Karma.
The hard part for webmasters though is to decide on which LL's and directories to keep in their recip tables. I'd say just go on gut feeling, customer service from LL's (this is a business), quality of site, features offered, tools that LL's offer to help you, etc...
I still believe and agree that its not necessary to have a huge list of LL's to submit too. Start with a big batch but over time (I'd say a year), begin to edit out the ones that just don't seem to be going anywhere.
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