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I can't recommend what business decision is best for you, but I will tell you that ranking in the UK is a fucking cake walk if you've got the right domain. That's why I get bored of all these UK affiliate marketers telling you to "buy a domain, put up a few blog posts about your product, and then collect your money".
Personally, I'd rather focus on building backlinks to one site on one domain than 12, especially if they're all in the same niche and general geographic region. Just make sure your specific areas get deep links as well as link love from your home page.
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