Affiliate marketing is an online sales tactic. It is the process of earning a commission by promoting other people’s products. Find a product relevant to your site, promote it to others and earn a profit for each sale that you make.
Affiliate marketing is a relationship between four parties the merchant or advertiser, affiliate or publisher, consumer, and affiliate network.
- The merchant is the creator of the product.
- The affiliate is an individual or a company who promotes the products of the merchant in exchange for earning a commission.
- The consumer is the person who sees the ad and performs an action by clicking the link and purchasing or submitting their info via an online form.
- Affiliate Network is a third party which connects the merchant and the publisher (affiliate) through a unique platform.
How do Affiliate Marketing works?
Step 1: The affiliate signs up for an advertiser’s affiliate program and chooses the products that he/she wants to sell.
Step 2: The advertiser will provide you a unique affiliate link that you will use to refer traffic to their site.
Step 3: Affiliate links tracks every sale you make and ensures that you are credited for it.
check this infographic for better understanding :