How can I make money from internet ads?

Bob Loblaw asked:

Does anyone know how I can make money by showing ads on the internet? If my site gets over 50000+ views a month, how much money can I earn? Do the viewers must sign-up for the products or can I make money by generating huge views alone? If you have any suggestions on this please help. Thanks

Also, I’ve read about google’s adsense. Does anyone know much they pay for each click? Thanks

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