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which are the best places to give out this money?
adwords? overture? yahoo 250$ submission? 10,000 search engines submission? what else?
Any PPC is going to drain that moolah pretty quick unless your seriously limiting your keywords. Think about it 800/12 = $65/month not much. One client with VERY targeted keywords all at 5cents ate up 65-75 every month. That leaves nothing for anything else.
PFI like Inktomi might be a better idea.
Stay as far away from mass submission services as possible.