I’m just gonna look over my expense sheet real quick and give you a few ideas. I’m sure a few have already been said, but maybe I can help out.
High PR text links are a great move. There are many people selling them in the advertising sales/link exchange area. I wouldn’t buy anything less than a PR5 link.
I wouldn’t advise buying banner space just yet, because $1000 won’t get you much traffic from the banners you can afford.
I don’t know what your site looks like, but if it has any problems you could hire someone to clean up the overall layout and fix any bugs.
Also, if you don’t know much SEO you could hire a consultant to help you with that.
You can write a few press releases, and submit them to a site like prweb.com or arrivenet.com. These cost like $15 bucks each, but you get ok traffic from them and good links.
Just a few general ideas, but hopefully they’ll get you started.
Oh, congrats on your first commission:woohoo: