Squidoo is a great way to make money. You can sell things from there, link to your sites, and even make lenses to resell for a profit.
There is another way that you can make money on Squidoo... Adding advertisements.
You can use a blank text capsule and add a link from Commission Junction or Pepperjam network. Don't write anything in that capsule, but just publish it, and you will have your own advertising for you. It blends in well with the page that you are working on, and it will be useful to help you sell more from the squidoo page.
While you don't want to over do it on the page, adding a advertising box to your page can only help you make more money. Match the ads to what your page is about to increase your sales.