Making Money From Video Sites & Filesharing

I am thinking of promoting some of the adult sponsors that give you around $1 when someone signs up for a free site (no cc. required) or submits email to their newsletter.
I wanted some input from people here, to see if this idea was worth it.
Of course, I dont think I would be driving a Ferrari in 3 weeks by doing this, would be happy to just make a few extra dollars, even $10 to $30 a day would make me happy.
Wanted to know about what ideas would you propose to make money using this method?
I was thinking of watermarking some videos, and uploading them to YouTube, Youporn, Redtube, etc. Also sharing some videos or pictures on file sharing networks & torrents.
Has anyone done this before? If so, how much traffic did you get from it, which methods you used, and how well did it convert?

1. Conversion rate is gay in my experience. And the second problem is the company will convert you to revenue share when no one converts to paid account. But if you know a company who wont convert you to rev share, pm me mate. I can send hundreds of signups a day for sure.

I can send hundreds of signups a day for sure.

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How will you do that??

But if you know a company who wont convert you to rev share

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I'll take a look at my list when I get the time, I have read the TOS of most of them, and some do state they reserve the right to give you the boot if you send grossly unproductive traffic, but unless you were spamming, incentivising the signups, or making fake signups, or otherwise trying to deliberately screw them over, they should at least pay you before terminating you.

Myself, I'm not too worried about how much would convert into sales, as I dont think I will be able to send in hundreds of signups per day, am just looking to make a few hundred dollars per month using this method. Even if conversion is poor, if you promote several different sponsors, and just send enough leads to make the minimum payout amt each month, you shouldn't have problems (at least not in the short term anyways).

For example, if you send 60 subscriptions a month to 6 different programs, you would have less chances of receiving angry emails from the affiliate manager about poor conversions, than if you send 1000 leads a month and not a single one converted.

Also, you said you could send hundreds of signups a day, would you mind sharing your methods a bit? Feel free to use PM if you dont want to post it publicly, and dont worry I wont share it anywhere if you dont want me to, or do something stupid like writing an ebook about it and trying to sell it on DP.