There are still many people who are converting well with cams. Whether it's with us (iFriends/ClickCash), LiveJasmin, Streamate, whomever. With conversions, a lot of times it's a matter of matching the content the user's looking for to content on the destination page. Our affiliates find they maximize better on their traffic when they spotlight the niche the user's looking at.
For example, on your tube site, if you've got an Ebony area, display Ebony marketing, send them to Ebony hosts or landing pages. Guys looking for lovely Black ladies are not going to necessarily click on the white blonde girl that might be on your banner.
If you're not targeting your traffic, you might experience crappy conversion ratios. However, I've seen affiliates convert better than 1:15 consistently, so it's really a matter of - how good are you at connecting the user with what he's looking for?
I know some affiliates who do well with LJ. Others do better with other cam sites, like iFriends. Others simply can't convert cams for anything. You get out what you put in, though... YMMV.

Have you contacted your rep at LJ to ask them for help/suggestions?
Quote:
Originally Posted by RKLover
Good luck getting other sponsors to tell you what their global conversion rates are, I've asked a few and been told "we don't publish that"
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There's a few programs that do. We do,
right on the homepage, too.
~Emily