Best is to have one domain and build a successful business not a "Feel Good" site. One is being a business person and the other is being a starving artist. Sorry, but I DO make that distinction and before you just dismiss it, you should think about it too. Businesses have a cash register.
Read More1.* Focus on .COM domains that are easy to spell and pass the radio test.
2. Make sure you have another source of income to support your investments.
3. Target with a rifle not a shotgun. Your first purchase may be your most important.
4. Each purchase should be like it was your first except armed with more knowledge
5. Hook up the new domain to PPC and see if it has traffic and who is bidding on that traffic.
6. Select secure registrar.
7. Make sure your whois is public...
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