Affiliate marketing is a performance-based marketing strategy where a business rewards one or more affiliates for each visitor or customer brought about by the affiliate's own marketing efforts. It's essentially a revenue-sharing partnership between a brand and a publisher.
Here's how it works:
The Affiliate: This is a content creator, such as a blogger, YouTuber, social media influencer, or email marketer, who promotes a product or service to their audience.
The Unique Link: The affiliate is given a unique link that tracks every click and purchase that comes from their promotion. This link is the key to a successful campaign, as it ensures the affiliate gets credit for the sales they generate.
The Commission: When a customer clicks the affiliate's link and makes a qualifying purchase or completes a desired action (like a sign-up), the affiliate earns a commission. This commission is usually a percentage of the sale price.
This model is a win-win for both parties. Businesses get a cost-effective way to drive sales and increase brand awareness, while affiliates can earn passive income by recommending products they genuinely like and believe in.
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