Affiliate marketing is a way for a company to sell its products by signing up individuals or companies (“affiliates”) who market the company’s products for a commission. Affiliates use their own marketing tactics to promote the company’s products and earn a piece of the profit from each sale they make.
For example, an affiliate might create a website or social media account where they review and promote the products of a particular company. If a visitor to the affiliate’s site clicks on a link to the company’s product and makes a purchase, the affiliate will earn a commission from the sale.
Affiliate marketing can be a profitable venture for both the company and the affiliate, as long as the affiliate is able to effectively promote the company’s products and generate sales.