Using the EMD for backlinking?

WhatsOutThere

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People keep saying it's best to build a niche blog with a brandable domain, which I did. But I also have the EMD for this keyword with ~20k global searches/month.

Would it be a good idea to build another blog on it, with different content and link to my main site then SEO it? How would you approach it and structure it? Should I wait a few weeks before doing it (just got my main site indexed a few days ago)? Should I build the blog from another IP?

Would be cool if anyone had some experience with this. I had this thought and figured it might be a good idea, but I'm not sure.
 
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