Affiliate Marketing What Is The Meaning

Affiliate marketing revenue sharing.

Affiliate marketing what is the meaning. Although this type of marketing predates the internet nearly all of it today occurs online. 81 of brands and 84 of publishers leverage the power of affiliate marketing a statistic that will continue to increase as affiliate marketing spending increases every year in the united states. Affiliate marketing works in the following way. Affiliate marketing is a type of performance based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate s own marketing efforts.

The best definition of what affiliate marketing is can be found on pat flynn s smart passive income. Affiliate marketing is the process of earning a commission by promoting other people s or company s products. Despite appearing a novelty this business model emerged in the 1990s. The affiliate promotes the product of an entrepreneur company in exchange for a commission for each sale or action carried out.

Affiliate marketing is one of the oldest forms of digital marketing wherein you refer someone to any online product and when that person buys the product based on your recommendation you receive a commission. Every big company like amazon apple google have an affiliate program which is free to join by any individual across the globe. Understanding affiliate marketing. Affiliate marketing is easy to start and set up and can bring in a tidy income if you choose the right one.

There is a 10 1 increase in affiliate marketing spending in the united states each year meaning that by 2020 that number will reach 6 8 billion.