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It can be, but honestly that kind of work is tiring. Always having to warm things up with openers, weed out the ones going in spam/being reported, collecting, dealing with different country laws and soi/doi, etc.
You can't just email thousands of people without collecting emails somehow, though (well.. you can, but don't..), and the way that you collect and what you send out/how you use emails, is what will determine how much you make.
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