Affiliate marketing is a type of marketing where a business rewards an affiliate for each sale or customer that they bring in through their marketing efforts. An affiliate is typically a website or individual who promotes a product or service to their audience, and they earn a commission for any sales or leads that result from their promotion.
The commission structure of affiliate marketing can vary, but it's often based on a percentage of the sale price or a flat fee per lead or sale. The affiliate may promote the product or service through various channels, such as their website, blog, social media, email marketing, or paid advertising.
Affiliate marketing can benefit both the business and the affiliate. The business can reach a larger audience and increase sales without investing in traditional advertising, while the affiliate can earn a commission for promoting products or services that align with their interests or audience.
Affiliate marketing has become a popular way for individuals to monetize their websites or social media platforms, as well as for businesses to expand their reach and sales.