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Nomad
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The answer to this question is yes. I have been running multiple sites for the last 10 years and I have made good money from ads. However, to make decent money, you need large volumes of high-quality traffic. High quality traffic means traffic from search engines, social media, or email marketing. Do not use any kind of paid traffic, except ads, or bot traffic, they can hurt your website’s credibility and even get you banned from ad networks.