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Is there a cheap way to advertise a website, if so how?
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Make quality postings in decent forums and blogs with your signature added.
Article Submission.
Active participation in social networking/bookmarking sites.
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How would i get listed on the search engines?
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The signature links itself will help you get listed in the search engines.
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Which sites are best to advertise on if you have a low budget but you want the best exposure?
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The sites which are relevant to your site in some or the other manner are best for advertising for exposure.