This really should be in the newbie forum
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Thanks for the advice. My web hosting company offers the option of having my 404 page be my homepage or having my own 404 page. Is either one fine?
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It depends... what's on your home page? Are you serving up a parking page full of ads? A PPC page? You have to point all that traffic somewhere that makes sense.
If you're trying to make money, go visit howard's site: ppcincome.com and get signed up with a sponsor, then send your traffic there.