BTW
@GringoMonkey do you keep adding new users to your arbitrage e-mail lists? I bet that even with everything properly optimize, you'll still lose a % on every single email sent.
Thank you for the post btw, this actually gave me motivation to build a lead gen project. Going to try first grabbing leads from major traffic sources and pay a premium on it. After i get that thing dialed down, i'll move to try arbitrage cheaper traffic for qualified leads. For my first project i'll try to work on a niche that i know very well and already have landing pages properly optimized. It isn't a big niche but starting out with something i know will be better for the long run.
Your method is quite appealing because you're not leaving money on the table and monetize every single aspect of the user while diversifying your income.