I can see contextual advertising being a source of income but wouldn't think that hubs would be making a lot of revenue from ebay and amazon. If people are really making money then perhaps I'll give it a try.
If you visit Spacey Gracey's profile page which can be found here http://hubpages.com/profile/Spacey+Gracey. You can see that she is making quite a comfortable income with Amazon alone. I think the answer is yes you can make a lot of money just with Amazon and eBay.
of course, ebay and amazon are two of the most known and profitable aff programs and merchants online combined with the ranking power and ease of publishing at HP - its actually kind of hard to NOT make money.
topic selection and presentation are quite important though
In my experience you make about x10, more from Amazon, than you do with Adsense. The trick is: your hub needs to target keywords that shoppers might type into a search engine. Also place a few Amazon and/or Ebay ads, not just one.
You are emissing out on a huge earning potential if you do not put sales areas on your hubs.
My eBay earnings generaly come close to my Adsense earnings, and my Amazon earnings waver between 2 to 4 times my Adsense earnings, until it gets to the Christmas period, at which point they skyrocket.
I make more money with Amazon than either of the other revenue options here, by a large margin. You just need to work out what each type of affiliate program wants you to do, then do it. I've worked out the basics of Amazon, so that's why that took off. I haven't been concentrating enough of Adsense or eBay to fully realise their earning potential, hence they are lagging behind. You'll find the same thing, I imagine.
The best decision that I have made in the past year, asides from getting a pug, was to focus more on Amazon earnings.
The difference between my Amazon+AdSense earnings and my AdSense earnings alone is the catalyst from which I have bcome self-employed, albeit with some other online income sources which do not involve affiliates.
To cut a long story short, about 25% of my Hubpages earnings is now from Amazon and are growing at a much faster rate than my AdSense earnings.
Forget about eBay unless you already have an account, or own a hugely successful website, as they are not accepting applications from hubbers.
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