Damn guys, why all the hating?
Anyhow, here's my thoughts, riddarhusetgal:
1. Not sure how many I know that make those figures, because I generally don't ask people what they make. I do know that there are some (maybe even a lot) on this board making numbers like that.
As for the fastest way to 5 digits, not sure there either. I'm not a 5 digit guy.

But, if I had to guess, I would say hard work and a willingness to listen, learn and apply. Application being the most important
2. Personally, I would rather have 100 campaigns that add up to totals those numbers. My thought is: if you have 1 campaign doing $10,000 per month, and it's your only campaign, then it tanks, you're back to zero. However if you have 100 campaigns doing $100 per month each, and 1 tanks, you're still making $9,900 per month, and it's easier to replace that campaign with another.
3. Not sure what you're asking with this one. Personally, on the PPC campaigns I run, I'll kill them pretty quickly (24 - 48 hours) if they aren't doing the numbers I want to see.
4. I've got a little of both. This is more of personal preference than anything. Just make sure that you set intermediary goals also. If you only have the goal of making $50,000 per month, yet no roadmap or goals along the way, then it can get frustrating. That would be a long term goal. Set some short term goals to help you get there. Say, $1000 the first month, $3000 the next month, etc. And break those down into more digestible pieces also. Like, to make $1000 this month, I'm going to start 10 new sites, and 10 new PPC campaigns. Or something like that.
5. Several. Not because Copeac isn't the best out there, but there may be a campaign on another that appeals to you, and Copeac may not have it. So, run it on the other network, and if it's profitable, ask Danielle if she can pull it into Copeac's network. If it's not profitable, then no need to bug her.
Hope this helps.
1) How many people do you know who generate $10,000(net) or more from CPA/PPL affiliate arbitrage and what does it take in terms of time (i.e. if you are a n00b and you are doing this full time with some success after say 60 days? What's the fastest way to $10,000-$30,000 per month net?)
2) Is it a good idea to pick say 5 campaigns that generate 2k/months or 2 campaigns that does $5k per month or 1 campaign that does $10,000/month...)
3) From a very (dry, boring) academic perspective, diversification makes sense (especially if they can stop the campaign you are running at any time) - find the highest ROI campaigns and then maximize them as much as you can?
4) Another question I have is do people (those who do this full time) just set income goals for themselves or lifestyle goals (i.e. I want to make $10k/month on auto-pilot, ala "4 Hour Work Week").
5) Final query is: do you usually stick with one network or use several? I must say I am VERY happy with Copeac and wouldn't look anywhere else if they paid weekly which I like (the pay schedule is an issue if you are basically doing margin work with Adwords, i.e. you can run up a high bill as long as you know you get paid by the network before the bill is due...).
I like this forum because people aren't afraid to talk straight about making money. I am a n00b and started about 8 weeks ago and have already made returns as high as 1900% ( into the 4 figures) just from literally not being hard-headed and following exactly what the senior members say so I know it's possible.
Thanks!