Affiliate Marketing
Affiliate marketing is a partnership where one person or company (the affiliate) promotes another company's products or services online. When people click on the affiliate's promotional links and make a purchase, the affiliate earns a commission. Imagine you recommend your friend's favorite book to others, and every time someone buys it because of your suggestion, you get a small gift card as a thank-you. That's a bit like affiliate marketing. Affiliates often use blogs, social media, or websites to share their recommendations. It's a win-win because companies get more customers without upfront advertising costs, and affiliates earn money by sharing things they believe in. In essence, affiliate marketing is like online word-of-mouth advertising with financial rewards for those spreading the word.
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