As I said in other thread, I never spend any penny on advertising eversince I ran a site... Currently, I only have one self hosted blog and 3 other blogs hosted by blogger.com. My blogs has a combines traffic of around 8K uniques per day through forum posting, social bookmarking, and the highest contributor of course is google and search live.. How much do you spend in advertising?
I'm spending between 8k - 10k per year in ads. About 30% of that is google, another 30% in Blog and SEO submissions and the other 40% on freelance writers, additional 3rd party ad spots
I cannot afford to spend that much...maybe in the future when my dream online business materialized.... as of the moment, though I am not spending, still I have very good result, especially with google..