netmeg - 2:05 pm on Mar 22, 2010 (gmt 0)
If you have most of your debt paid down, then I'd bank that extra cash for the moment, and start looking around for another niche to build or buy a site for. I have a lot of different sites. Some make money, some don't (yet) I've shut down sites that I just couldn't make perform. Many of my sites are seasonal event-driven sites, so I've tried to arrange it so that I have most of the year covered. My biggest issue is lack of time to devote to all of them, so the best earners get most of the attention. If I were you, I'd just start with one. But take your time, look around, and see if you can find a niche that fits. Meanwhile, you're saving the money, so if you need to hire copywriters or designers to help you get going, you'll be ready.