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Those estimates are a little deceiving. Very popular blogs wouldn't be able to make even a fraction of that income. It really depends on the nature of what the site does. Raw traffic or inbound links or Google Pagerank don't convert into real $$. These are rough algorithms that don't factor in a lot of information. It's sort of like estimating the value of a business simply by its location. Some places that have prime locations in a mall still go belly up while stores in less accessible locations thrive.
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