Ok, You got $500. What would you do? *I find myself in a similar predicament, any help? I post this in azoogle to see what affiliate folks have to say. I'm posting this in a different area to see what they have to say.
Buy some really nice site(s) that have steady income but have room for improvement. Then I would let them sit and earn money and develop them to gain more traffic, income, etc. Or just throw it into the stock market
make money mostly... and kill bears. seriously though I would learn alot about one niche that isn't talked about all the time, then build a mini-site around that niche. seo that bad boy till you get listed and start ranking (even in the 100's) for you term. then spend that 500 on google and msn traffic