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Given the volume and diversity of the traffic here (I know from the logs of images I post served off my server, with a thread from ASC as the referrer) even something simple and unintrusive like Google AdSense could generate a fair bit of revenue; ASC has the kind of traffic a lot of people try to whip up (and can only dream of) to generate money from AdSense.
And never mind stuff like arbitrage strategies to try and generate more "new traffic", ASC already shows up with top rankings for almost anything airsoft related, and quite a few things that aren't.
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