This is fairly WH in nature, but what you can do is to create a blogspot blog farm (comprising 5-10 blogs or more), include links in the posts as well as the sidebar to your hosted wordpress blog, so it'll bring organic traffic and help it rank in the SERPs.
If you want massive traffic, I'd write orig content or scrap content and post 4 to 6 times every 24 hours, making sure to include affiliate links in your post. (i think your goal should be monetization via web ads or affiliate mktg, or CPA).
You could spend some time queuing 100 posts (about a months worth of content) to your blog, then let it auto publish and come back later to add more content.
in that way, your blog will be self publishing and you dont have to mess with it every day.
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besides organic traffic from SERPs, i'd shoot for social traffic which you can engineer from sources like digg, reddit, squidoo, mybloglog, bumpzee and wherever you'd like to pull traffic from.
you've probably seen my previous posts, where i have mentioned that it's important to have a system in place, that way it'll be more organized, and your traffic will be more targeted and predisposed to buying.
i'd go for 10,000 targeted uniques than 100,000 untargeted ones.
