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I'm no blog expert but I have contacts who are. I've been told you can make a nice US living off of one or two quality blogs. Of course, you have to start 20 and then see which ones take off more than the others and then concentrate more on the ones that took off and build them up over time.
Again, I'm no blog expert. Too busy shooting for my paysite but the people I speak of are my friends and affiliates and they make a good living off a very small network of blogs.
I'd go with what Libertine and Wyldblyss told you and start from there.
Just my two cents.
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