Advice needed for investment

The most important thing is to blog about something you like, if not you'll be bored quickly and give up (As you did now to your wordpress blog)

If you blog frequently you will start getting lots of visitors trough SERPs, and if you have quality content, you will start making raving audience and loyal visitors/fans

While RealCasher's advice might work over the very long term personally I'm too impatient to wait for 18 to 24 months for a strategy like that to begin paying off. So lets go with something likely to get you more immediate results.

For each new piece of content you create, create a new squeeze page for it that goes to its own list (more on why a separate list in a sec)

Now, advertise the squeeze page using facebook. You said medical niche. You might have a piece of content that explains how diabetics can help aleviate nerve pain to pick something out of the air. So you would then create a squeeze page, "Free Report: Get rid of diabetic nerve pain"

Next, you would create a Facebook ad, "Diabetes nerve pain making your feet hurt? Download this free report that explains how to stop it."

Do that for every piece of content you have and you'll build a really big list.

Not only that, but for monetizing your list, you would have A BUNCH of different lists. You'll have a list of people with diabetes, a list of people with arthritis, and so on. So you can segment out what you sell to the people for that kind of problem.

SEO takes time and in the medical field can be next to impossible because you're competing against the likes of WebMD which google has an odd fascination with. So I wouldn't even be attempting to depend on SEO for traffic in the short run.

Instead, follow a more traditional IM route. Advertise your squeeze page, build a list, and monetize through the list.

FURTHER, if you have someone with diabetes nerve pain and you later come out with content relevant to someoe with diabetes you now can use your list to send people to that content and dramatically boost your readership.

Hope this helps.

Let me try to save you some money.

Don't jump in.

I've been affiliate marketing for close to 21 years. It would be impossible to tell you everything right here, but let me at least try to give you some bullet-points in the hopes of saving you from wasting money.

1. Find a penetration point in the market.
2. Research the best ways to enter that gap with a blog.
3. Research monetization possibilities.
4. Do your traffic research too. Can you grow it?
5. Put together a business plan, detailing everything about the proposed project.
6. Register a high-value domain (register, not buy).
7. Put together the appropriate blog/ website based on your plan.
8. Add content.
9. Monetize.
10. Setup opt-in structure.
11. Grow traffic: search, social, viral, video, offline, etc, etc.

Once you get the above turning a high profit, outsource to a VA you can trust. What then? Rinse, repeat.

Tom

Here are some ways to generate high quality targeted traffic. I suggest you research each and see what you are most comfortable with:

1)Video marketing -Building an audience through uploading relevant and interesting content on youtube

2)Social media marketing- building audiences through sites facebook, twitter, tumblr

3)Forum posting- Regularly contributing content to relevant online forums particularly by starting discussions that are controversial, interesting, trending topics

4)Social Bookmarking Sites- Redditt,Stumbleupon,etc

5)Web 2.0's which allow user generated content- Quora, Slideshare.net,Scribd,etc

6)Paid advertising

7)Article Marketing: Contributing content on sites which have a large user base . You also get additional traffic once they are indexed in google.

8)Low Competition Backlinking: Leveraging free blogging platforms such as wordpress.org,blog.com,blogspot and ranking them for niche keywords. Same can also be done by creating your own site.

9)Classfield Sites: Craigslist,gumtree,etc

I would start by picking an area that you are already 'knowledgeable' in and have some passion for.

I wouldn't just get in to a niche because it has potential to make money. Not saying that is what you are doing. Just saying that's what I wouldn't do.

But before you go any further, you should start reading: this section just for starters.

IMO the best thing you can do is start by focusing on your site. Just keep adding content and put work into the site, eventually the traffic will come. Once your site is more established, start looking for related blogs and comment on posts, visit youtube and comment on related videos, try to network on facebook and Twitter