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Well since you aren't selling a product, you need pretty huge volumes of traffic to make any real money with programs like you describe.
I'd also advise you use real sponsor content and try to sell memberships to their sites, since it looks like you are using user submitted and re-posted (aka illegal) content and you'll make more money + save yourself a bunch of potential problems down the road.
Are people submitting content or are you just grabbing pictures, adding your watermark and them uploading them to those image storage sites?
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