1.7p per click here, but to be fair the results have probably been skewed by the reappearance of Fonetastic all over the SERPs.
However, stuff just isn't converting well even when the traffic is more targetted.
I think there's a couple of issues here - one is that I suspect that Fonetastic counts *everything* including bot visits as a click - if they could clean out the bots and make sure that all the reported visitors were real people that might help. As for the conversions.. well, I don't understand it at all.
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