expect to be publicly chided for this type of post.
in any case, myspace audience is not an audience you can expect to click. they are young, and know what they are looking for.
i am surprised though that you are getting only 1 percent. I would have expected 2 or 3 percent. Even if you get things optimized, I would not hope for $8 / month. $1 or $2 per month, if you do well.