Lets pretend that you have a website and you have recieved $1000 to invest in your website somehow, to benefit it. Post what you would do with the money here.
For me:
$150 - go to buying some high PR links
$400 - PPC campaign or related
$250 - New website design/logo
$50 - Conduct a survey, asking users what thwey think about the site
$50 - Pay someone to rite a press release for the site
$100 - A contest or something to have this money go back to the visitors of the site. Maybe a giveaway.
1) $500 hire a PR professional with contacts at magazines who would write about my website, and have them send press releases and follow up with phone calls.
2) $500 come up with a clever contest and promote it in message boards. Make the contest based on positive participation in your site.
I've found that PR links are not worth paying for, rather, over time, if you do a good site high PR sites will link for free, or you can raise your PR high enough that they will be willing to trade. Google Adwords just to get traffic really isn't worth it if you don't have a high margin item to sell.
After trying just about everything, one good article somewhere is worth its weight in gold. My ad industry site exploded after it was featured in the Wall Street Journal.
If I couldn't design or anything..
250 - Web design
250 - Link building, at least 6 month links; PR 4+
250 - One month on HIGH TRAFFIC site
150 - Contest for iPod!
100 - 10 Outsourced articles
No Way... Indians... Alot of poor english content... What I would do is make the site: "Free" because thats what I do... $700.00 on not purchasing myspace accounts but purchasing "bulletins" on their accounts... You will generate alot of hits... and $30.00 on a good server. and the rest on a good contest!