Alright so I actually tested both approaches for a health affiliate site last quarter white hat was the scholarship page method plus outreach to those resource lists spent like three grand on content and VA work black hat was a 10-site PBN cluster I built myself hosting costs spread out you'd think the numbers would be obvious but honestly it's messy The PBN pushed rankings faster obviously like from page 8 to page 2 for two mid-tail keywords within a month but traffic didn't convert as well EPC was way lower my theory is Google's algo just doesn't trust those visits as much even if they rank the white hat stuff took forever like four months before any movement but the clicks we got had double the CR it's classic case of short term pain vs long term gain Finance niche is next gonna run the same split test but I'm betting results will skew even harder toward PBN cause every legit site in that space has insane editorial standards unless you're Forbes-tier good luck getting a link without paying five figures which makes the risk/reward math totally different anyway lunch break over back to pushing CPA offers