filiate marketing is a performance-based marketing strategy where an individual (the affiliate)
promotes a product or service of a company and earns a commission for each sale, lead, or action generated through their promotional efforts. It’s often done through blogs, social media, YouTube, email marketing, or other online platforms.
Here’s how it typically works:
Affiliate joins a program: The affiliate signs up for an affiliate marketing program, usually offered by a company or through an affiliate network (like Amazon Associates, ShareASale, or Commission Junction).
Affiliate promotes the product: The affiliate uses unique tracking links to promote products on their website, social media, videos, or other channels. These links track when a customer makes a purchase or completes an action (like signing up for a newsletter).
Customer makes a purchase: When a customer clicks on the affiliate's link and makes a purchase, the affiliate earns a commission. The commission rate can vary depending on the product, service, and affiliate program.
Affiliate gets paid: The company or affiliate network processes payments to the affiliate on a regular schedule (often monthly).
Advantages of affiliate marketing:
Low startup costs: No need to create your own products.
Passive income: Once content is created, it can generate commissions without continuous effort.
Flexible: Affiliates can promote products across various niches.
Common affiliate marketing strategies:
Content marketing: Writing blog posts, reviews, or articles about the products.
Social media promotion: Using platforms like Instagram, YouTube, or Facebook to promote links.
Email marketing: Sending offers and affiliate links to an email list.