First to create a mini authority site of 15-20 pages of content. This would be purely for affiliate marketing. Rather than a product, choose a topic (in the health niche) that I may be interested in, build up content and then choose a product/products to be market. Second create a blog on a topic that I am a bit passionate about...tech or sport (as in soccer). For the first site follow the seo strategy as suggested by either forever affiliate or affiliorama (bought both the courses). This will be a long term plan as the site will rely completely on SE traffic and links will have to be built slowly in order to avoid being penalized by Google. For the blog forget about Google and concentrate on pure marketing. This means social bookmarking (Reddit, Digg and Stumbleupon), forum commenting, blog commenting, guest posting, social media etc. I believe I can afford to be a bit aggressive here as there is no Google to worry about. Also try to include ways to ensure that the blog would be eligible for Google news as well so that there will be an additional source of traffic.
Does this seem a sensible plan or should I simply shell out more money and get someone to help me out? Of course it will require lots of hardwork and a good slice of luck as well but I am willing to do the work if there is a possibility that what I am doing may work out in the end.