For some niche, yes it's still effective. For others, no.
Collecting email list for news site work less effective, but if you are in Internet Marketing, Weight Loss, etc... Then it's much more effective.
It's what works for me.
Rather than just telling you $100 is not enough (which is true if you are going after paid ad), I'd like to answer what you can really do with $100 so you have a better idea of why not enough and how much more is needed.
Plan 1: Blogging
From setting up a blog to driving traffic via SEO...
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