How can I create a paint splash effect?

I want to have an object hit another object to create a paint splatter effect. I’m planning on this effect to be repeated a lot, so I’d like it if the splatter was varied instead of a single, basic design. How can I do this?

What I’d imagine it’d look like: http://i.imgur.com/IUuZRTD.png

Projectors

But Good Luck i never got them to work.