I have the domain EmoGroups.com and I want to develop it but I'm not sure if I should make it an info site about emo music bands or an emo community.
I think you should try a community. It might be hard to promote at first but I'm pretty sure it will turn out pretty great.
Community sites are tough to establish, especially when there are existing, entrenched websites that cover the same niche and are already popular. But if you are successful in attracting members and creating a community, the site should prosper for a long time... So to summarize (IMO) Community website strategy = More risk (because the community can fail), long term prosperity possible if members are active, and could be self sustaining in the future. Info website strategy = easier to establish (no members needed), more manual work on your part (or your designated parties) to create and publish content. More promotion needed due to lack of community. Maybe you should go with both?