I have never used this Squidoo, but by the sounds of it, if you have to do alot of work then I would guess that if you done the same amount of work on your site then overall you would have done better by doing your site than Squidoo. It's hard enough promoting a website than helping to promote other sites that you don't own just so you can gain a little extra traffic from it.
I could be wrong as I have never tried it.
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