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Well if you spend the $1k on promotion in the form of paid traffic, ads etc... you'll get some traffic then it'll be gone, so unless you have a way to profit from that traffic successfully and keep re-purchasing it, I probably wouldn't bother with that option right now because you'll spend $1k and pretty much right after you'll be in the exact same spot....unless your site was so utterly amazing that it resulted in a lot of recurring visitors from that initial spend.
$1k on SEO might not really get you much results depending on keywords targeted, so I couldn't guarantee spending 1k on SEO would necessarily do anything "impressive" especially in the short term, as it can take a while for the effects of SEO to take hold aswell.
All that being said, I am a huge fan of SEO because you can tap into traffic which keeps on coming day after day... it just might take more then 1k. SEO is how I promote my sites personally and would recommend you start down that road. Just be careful about buying links that are highly expensive.... some people will ask for $500 for a link, and someone else might ask for $50 for a similarily powered link. A lot of SEO sellers are really looking to milk the cow lol.... just be careful with that. With your 1k I would recommend you focus on getting at least 20 links at an average of $50 a piece. Everyone wants $200+ for links but you'd be surprised how many of them will actually accept $50 once you offer to send the money $$$
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