I wrote a travel blog over 6 week that gave a in-depth account of places I travelled in Australia, i'm just working on polishing off a bit and the few final days. I've added some google advertising to the sidebar but have only had a few clicks.
I would like to add some links to places I stayed and experiences I had with different companies but wonder if there is a way to profit from this when adding a link in my post?
By linking to these other sites, will this drive traffic to my site? Is there any way to add links to create any kind of revenue from it?
You should be more patient than that. If it only took 6 months to bank off adsense everyone would do it.
It takes time and patience for the most part. Adsense will supply beer money or a car payment at most in the beginning. It takes time to build up your blog and you should be patient as you work on it more and more to build a name around it.
You could contact the people your links point to and ask them for reciprocal links. Chances are the content of your site is much more about actual experience of their location, product, place, whatever. They might like to add a line in their site that says something like "Don't just take our word for it. Take a look at westendgirl's blog to see what a real customer thought." and have some traffic driven to you that way.
You can earn money out of these links if the website owners are willing to pay you for those links, if your website has good Page Rank and traffic then maybe they'll be interested.
Page Rank is a scam. Google hates these kind of sites that sell links just for the pr and it Google has changed so much since people started doing this that PR is only a small part of the entire system they use now.
I misunderstood the question. You can profit from advertisements which are links to other sites. You can also sell links to other sites, but this is tricky.
You should sell banner space directly to the company rather than links. This is the only way to really help do what your trying to do, but most of the time they don't need this since your already promoting the product for free.