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I spend much of my time on finding affiliates with quality content or searching for good content from affiliates that I have already subscribed to. I think that the hardest and longest activity is making your site more popular, trade links, make it friendly for seo... getting more traffic.
A list by time consumed should be something similar to:
1. Making more traffic (trade links, SEO)
2. Finding good quality content and posting it to site
3. Thinking of new and original ways of updating your site.
For the second point, a solution should be in making it more automatic, a script that logs in and fetches all the relevant content from affiliates and then lets you choose the galleries/videos that suits you best. That script should be made individual for a specific affiliate since almost all affiliates have a different interface for providing the promotional content.
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