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I usually use 8-10 posts, and I just keep building and building...the more blogs you have the more of an opportunity you have to make a sale/the more traffic you receive. Like others have said, keep track of where your sales are coming from and build more blogs like those...it's all pretty much a numbers game. If you work hard and keep building decent blogs without giving up you can still make some good cash in this business.
Basically, build a blog with 8-10 posts, add your blog to Google Webmaster Tools and Bing Webmaster Tools so you can submit your sitemaps, add blog directories to give a you a little traffic boost and let search engines know you're out there, find some link trades on Link Spun, and then move on to your next blog...and add 1-2 posts a month to your older blogs if possible.
I'm still working on building up my network of blogs...I just keep buying domains and trying to make 1 blog a day and I use only money that I have made from sponsors I promote so if I run out of money buying domains I will then make free hosted blogs or subdomain blogs on my hosting until I can buy more domains to keep the work flowing. Any blogs that aren't converting well you can redirect the mobile traffic on them to Juicy Ads and then use the money made with Juicy to buy traffic to send to your better blogs.
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