Just signed up with an affiliate network and i am in the process of selecting advertisers(stores) to promote in my site. Best advice is not to get carried away and line up everything in the world, and just get the stuff I am familiar with or interesting sites with a good product to sell.
One experience while selecting advertisers is that they refuse your site without giving you a reason or any other information. Maybe when things are running smoothly I will get back to them.
Couple of things not being promoted on my site has to do with "get rich quick schemes" or gambling sites.
Hopefully soon it will be up and running.
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