#Business #WhatIsAffiliateMarketing #Marketing
Affiliate marketing is a performance-based marketing strategy where individuals or businesses (affiliates) promote products or services of another company (merchant) and earn a commission for each sale, lead, or action generated through their referral links.
How It Works:
- Affiliate Joins a Program – The affiliate partners with a company offering an affiliate program.
- Unique Tracking Links – The company provides unique links to track referrals.
- Promotion – The affiliate promotes the product or service via websites, blogs, social media, email marketing, or paid ads.
- Customer Purchase – A user clicks the affiliate link and makes a purchase or completes an action.
- Commission Earned – The affiliate earns a commission based on the agreed percentage or fixed rate.
Common Payment Models:
- Pay-Per-Sale (PPS) – Commission is earned when a sale is made.
- Pay-Per-Click (PPC) – Earnings are based on the number of clicks generated.
- Pay-Per-Lead (PPL) – Commission is earned when a lead is captured (e.g., sign-ups, form submissions).
Benefits of Affiliate Marketing:
- Low startup costs
- No need to create products
- Passive income potential
- Scalable with multiple revenue streams
Would you like tips on how to start or specific affiliate programs to consider?