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My feeling is that porn and mainstream do mix, but because of the way mainstream marketters look at porn, the only way to monetize the traffic is to either sell it porn or get it to click off to a secondary mainstream site where you can sell it mainstream stuff.
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Thank you for the response RawAlex, The site I had in mind would not have any mainstream sponsors, just porn. Would that, in your opinion, be prefferable to mixing the two? As I can imagine porn pays better per click than mainstream, although I could be wrong on that one.