Hi Geoff, nice to hear from you! Sorry about the very late reply – I have not been keeping up with my sites and blogs. Life has become so busy there is hardly any time for what I would like to do any more… Anyway, how did you go with your Christmas toy sales? I headed over to your Squidoo lenses, very well done!! I hope they brought you in a little bit of cash for your efforts. I will try to be in contact via email, too. 🙂
This is a very common way to promote offers. For example, you will often see a blog post with links to certain products or services. If the reader clicks through and makes a purchase, the blog owner will make a commission. These in-text links blend in with other content on your site and are a great way of promoting an offer within your content, without being over-the-top salesy with banners. 
You can also have a website promoting multiple CPA and affiliate offers whereas with Google AdSense you are limited to 3 ads. There are better options than AdSense with some people testing Ezoic, media.net, and a few others – there are actually many alternatives to AdWords. There are different types of CPA offers from sites like maxbounty.com, peerfly.com and you can use offervault.com among others to find more offers. Some payout per 1 page submit, some pay per sale, and some pay per call. It depends on the offer. If you are working direct with a company and bypassing the middle man you can get higher payouts and even negotiate a hybrid model where they pay you for the lead as well as a commission on the back-end.

Thank you – Danke! Yes, it takes a lot of hard work and patience to be successful. You need to put in all the ground work to get your site on page 1 of Google for your keywords to get a fair amount of visitors. Once you are there, you can earn a regular stream of income. But you also have to keep at it, don’t relax for too long, because Google might just take you off page 1 again, and then you are back to square one.
You will make an excellent passive income for as long as you want in this line of work. In fact, you will even make money on your old blog posts written years ago, depending on the quality and relevance of your content. Your business will always stay open, and you will have cash flowing into your bank account 24 hours a day, 7 days a week, even when you’re asleep or off on a vacation.
The problem with affiliate marketing, like many other home business options, are the so-called gurus and get-rich-quick programs that suggest affiliate marketing can be done fast and with little effort. Odds are you've read claims of affiliate marketing programs that say you can make hundreds of thousands of dollars a month doing almost nothing ("Three clicks to rich!"). Or, they suggest you can set up your affiliate site, and then forget it, except to check your bank deposits.
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