SEO, if done well and correctly, is a long-term strategy. If you keep current with any changes that happen along the way, it can provide you with good stability.
Affiliate marketing....depends on what you mean. If you are running paid ad campaigns only, then SEO is more stable for a longer period of time.
If you're doing a site that incorporates good, whitehat SEO and promote good, valuable affiliate products or services that your readers can use then you can do both at the same time.
Well it depends they are so many variables .For example seo it can take you a lot of time until you see good results but once you become good at it you can get passive income over years .Also affiliate marketing you can get result fast but you need to work constantly ,invest money ,test landing pages ,offers ,traffic sources etc .I think this its a conplicated answer to give you
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