My experience with internetz has so far been 90% web development, 10% marketing. I make stuff, I don't sell it. :-) So my question is this: What billing options are there for advertising and how to I maximize my return? I'm so far aware of the obvious: CPC (x cents a click) and a flat rate style (eg. $15 / mo). Is CPM a tangible billing method as well, or is that used for me to understand how well my advertisements are doing?
While I know there's not a magical "You get X amount per click" answer out there, I would like to know some general averages or anything to get me started on a pricing structure.
If I'm off my rocker, feel free to pick my brains. :-) Thanks.

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