Bear with me, here. It's a valid point, but I'm super avoiding the standard "don't put all your eggs in one basket" cliche.
Just like you've found various ways to increase traffic and monetize your blog, you'll want various strategies for affiliate marketing. Focusing all your efforts in one place -- like drinking a Long Island Iced Tea -- might work to get the job done, but you're taking a risk huge risk. Many bloggers likely saw a huge decrease in their affiliate income as a result of Pinterest's shift away from RewardStyle and Hello Society, especially if that's where they focused the brunt of their effort. Which means they had to turn around and try to find a new strategy so they didn't lose out on income. Guys, that's a shit ton of stress that's totally unneccessary.
Three ways I see affiliate marketing strategies implemented can be equated to drinking habits like so:
Long Island Iced Tea: You've got all the booze in one glass, like you have all your links in one spot or you're only focusing on one merchant. You see huge conversions initially, but just like a LIIT will get you nice and drunk real fast, it's really only a quick fix. If, like with Pinterest, affiliate links become blacklisted or the merchant decides to close their program you're SOL. Hello blackout and killer hangover.
Shots: Sure, you can do many of them throughout the night -- like single posts that contain a bunch of affiliate links -- but you're not going to be able to do this day after day (your poor liver). Unless you find a way to integrate your links with quality content on the regs, these small bursts of attempted conversion likely won't be very effective. Part of affiliate marketing is building brand recognition. So not only will you be drunk, you might be a little queasy and your wallet will be lighter with little to show for it.
Bourbon, neat: This, guys, is the money. You swirl it, sip it and savor it but you don't try to get drunk off it. Because of this, you can have it on the daily without turning into too much of a boozehound. You spread your links through social, evergreen content, product-heavy posts, banners and email. You monetize old content. While the conversions may not be heavy and fast, it's a slow strategy that builds up over time, much like that fine barrel-aged bourbon. The more your readers become familiar with the brand through your content, the more they'll trust it and are likely to make conversions thus resulting in more money for you.
As Wade Tonkin, Affiliate Manager at Fanatics.com, puts it:
Moral of the story? Don't put all your booze in one glass. Spread it out with top shelf over time, and you're going to enjoy it a helluva lot more than if you just try to go hard and fast with well shit. With your content, make sure you're diversifying -- a resources page, social media, email newsletters, banners and in-post links -- and you'll see more quality conversions.