My question would be, are you comparing apples to oranges?
In other words, when you were converting at 1/800 were you sending the hits the same way (10.000 yahoo search hits I get on a porn picture to one site), and are you sending them to the same page at the sponsor...or was the traffic you were sending from different sources when you had the 1/800 ratio (freesites, galleries, etc) and to different sponsors tours?
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