Attempting to make advertising revenue for the first time

[hobbnet]

I am trying to make money through advertising for the first time. I figure this is probably one of the best times to do it since if I can manage to make some money it can only get better at this current state of the market.

So the let me give you a little info on my site: http://www.essaysfree.com

For example today, sunday, I have receieved 400 unique visitors and have 8 hours left in the day so, I should reach around 550 unique visitors at the end of the day.

As for revenue I have impleted the AllClicks exit program and at the current rate will be making about $1 a day from that program which is fine since it pays for the server cost and then some. I have also put a mailbits Tell-A-Friend link on the mainpage. I have had no success with this program so far (it has been there for 2 days) and have yet to receive ANY revenue from it. I know I could do some things to make the click through a little better but I am discouraged because I have received NO revenue from it so far.

The growth rate of the site has been very rapid. I expect to have around 1,000 uniques per day by the end of march, possibly more.

I have read the forums here for over a year now but I haven't really absorbed a lot in the "Making Money" forums since I never really looked to make money from advertising on my webpages.

So any suggestions as to how I could optimize revenue would be great!

Thanks.