Best way to monetize a site?

It depends on you.You can use Google Adsense,Affiliate programs or develop and sell your own product.But I would advise you to experiment with some methods and then stick with one which is most suitable for you.After all there is not one size fits all approach.Some people are successful in monetizing their sites with Ad Networks some have success with affiliate programs but most of the people use a combination of both which fits their needs

It depends on what type of content your site has and what type of visitors you are getting.

For example contextual ads such as adsense usually work well for informational sites and visitors where affiliate offers may not convert too well. Affiliate offers or products convert best if visitors are already close to buying rather than just looking for information.

Despite what some might say you can use both those types of monetization on the same site, just look at some busy sites that are similar to yours and you should get a good idea of what will work for your site.

Cheers folks.

The site is music festival oriented, so visitors will be looking for information on the festival. I was planning on monetizing using affiliate links to ticket selling sites and camping equipment sites.

It actually depends on your content though. Besides, there is no packaged method that I can advice. The best you can do is test and test. You'll find what works best. All the different methods are capable of fetching money for you

How about you try some CPA offers that revolve around music.

Are there really significant profit potential from ticket sales? The two main concerns you have here is ease of tracking & higher conversions vs. your ability to sell your PPC to these affiliates and vendors. It will be a lot easier to convince somebody that you will send them new customers and they only pay a part of their profit from these sales, where as trying to sell a PPC option to these same people may likely end up with many no's because these vendors have no idea how profitable or costly such a PPC will be. However, tracking of PPC will be much easier, especially for equipment rental deals. Non-PPC tracking will typically leaving you at the mercy of the honesty of your vendors. And of course PPC will typically convert better than a Sale after the click.

Of course this is all based on assumptions. You really don't know until you try it and see how each method converts the best. I believe that the best way is to create both options and let your vendors choose the option that they are most comfortable with.

I'm new here but trying to help others what needed the most, i have a few sites run with google adsense.. like everyone said above, you can start with google adsense first

From my experience the best way to monetize your blog is to create a product like an e-book. I have done it with my Twitter Marketing E-book and I recommend all bloggers to try and create their own products. Your product will provide value even when you are not physically present and it will allow you to take a break from posting new content once in a while. It will basically let you stop trading your hours for dollars.

You can do split testing using google website optimizer..As it is niche related site which has traffic in specific period then..selling product related to that niche will give you more returns...
Personally if I were you I would have tried to collect email addresses & pitch them multiple products via email..that would be ..long term beneficial