Thanks for the reply, devinemke!
I had not considered replication, but at this point, don't know whether or not a second server will be an option. The idea sounds very promising, though, and I will try to find out more with respect to hardware availability and budget.
Let's assume that I can't have a second server to be used for replication. The site will be pretty low-volume relative to transaction frequency (probably 15-20 orders per day). Is my original idea of dumping the data associated with each transaction viable? Or is that simply not done?
Thanks again!