Lalit,
I'll chime in on Question #6 with a simple answer
Build multiple sites, each targeted to the type of promotion you are running.
I run a food/recipe blog. I'm setting up to run affiliate ads on that blog. Do you think my readers really care about the new iPod nano? I doubt it. But they might enjoy a $250.00 Grocery gift card. They are foodies, after all.
Make each site address one topic and one topic only.
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