Hey, Web based proxies can make real money with adsense if you got traffic but its hard to get long term traffic to a single domain because most of proxy users use proxies to access blocked sites them from school or their workplace. So most of places has network filtering softwares designed for blocking unauthorized content according to their taste. So most of softwares use public filtering database stored on the main server. the main server scans sites for blocking and if the bot found a site that needs to be blocked (proxies are among them) it automatically add the url and ip to block list.
So you need to refresh your business by changing domain and ip from time to time. So there is no point of building traffic in long term for proxy site because you need to change the domain and ip time to time.
Its little hard to built google traffic for your proxy. So the best way is to inform proxy users by email or such kind of method. Email and twitter is the best performing ways to expose your proxy to the world. www.Proxy.org is now selling Email Blasts (a onetime mailing to thier entire member base of over 197,000 members) for only $5 per proxy. These members have opted-in to their mailing lists to receive links to web-based proxies just like yours. This is not a paid post and I have tried their service after paying money and I must say that its awesome. You might be lucky enough to get your $5 back in a day with adsense. And according to my experience this traffic lasts for about 3 days and afterwards you will get at least 200 daily visitors to your proxy site.
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