What is affiliate marketing?
Affiliate marketing is the process of making money online every time a customer buys a product based on your recommendation. This is an online sales tactic that allows you – the “affiliate” – to earn commissions and help product owners increase sales. At the same time, it allows affiliates to earn money from product sales without creating their own product.
Simply put, affiliate marketing means referencing a product or service by sharing it on a blog, social media platform or website. Affiliates earn a commission every time someone makes a purchase using the link or unique code associated with their referral. If done right, these performance-based opportunities can be a source of additional revenue or help diversify a business’s existing revenue stream.