I am going to try and help you. without personally talking to you it will be a little hard. Here I go.

Are you sure you are getting 300 hits a day and not monthly? Your rankings don't show a 300 unique visitors a day ranking. Maybe 300 pageviews a day? Before you can see what is going wrong you need to analyze your data. Where are the people coming from that visit your site? Is it paid, exchange or organic traffic? Unless, it is organic your conversions won't be high at all if any. Try creating a forum for your site. I think that is a GREAT idea because of the nature of your site. You can get free ones all around the web. As far as conversions, this isn't hard to figure out. You just need to collect all the data of your visitors and their demographics. Where they are coming and going. How long are they staying, where are they going from the main page. I can show you how to configure this data and show you hwo to analyze it and use it to build and grow your business.

Thanks to all! I really appreciate it! I don't know if I'll be doing giveaways on a regular basis, but there are a ton of people who want me to do them and right now, that's the only thing bringing in any income from the site. So it looks like we'll be doing some more in the future.

I will definitely limit the options to only 3 or 4 in the future.

In regards to the amount of traffic I get, I don't know where my rankings are that I don't know about. The average acc. to AWStats is 300 a day, which is not supposed to count bots, is there another place/better way to figure out my traffic? That is the method provided by my host server.