What is Affiliate Marketing?
Affiliate marketing is a method of marketing in which a person promotes or recommends the products of another company or organization through one of his sources, such as a blog or website. In return, that company or organization gives some commission to that person. There is a different commission according to different products. This commission can be a percentage of the sale or even a certain amount. These products can be anything, from web hosting to clothing or electronics.
How does Affiliate Marketing work?
The company or organization that wants to promote its products, it offers its Affiliate Program. Now any other person like a blog or website owner joins that program, then the company or organization gives him any banner or link etc. to promote their products on his blog or website. Now in the next step, that person puts that link or banner on his blog or website in different ways. Now many visitors come to that person’s blog or website. When a visitor reaches the website of the company or organization offering the affiliate program by clicking on that link or banner and buys something or signs up for a service, then that company or organization commissions him in return.
Definitions related to Affiliate Marketing. To understand this topic deeply, know these definitions.
Affiliates:
Affiliates are called those who join an affiliate program and promote their products on their sources such as blog or website.
Affiliate Marketplace:
There are some companies that offer Affiliate Programs in different subjects, they are called Affiliate Marketplace.
Affiliate ID:
A unique ID is given to each Affiliate by Affiliate Programs, which helps in collecting information in sales.
Affiliate link:
Some links are provided to each affiliate for the promotion of different products, by clicking on which visitors reach another website, where they can buy a product. Only through these links do you track the sales of Affiliate Program.
Commission:
The amount, which is given to the affiliate according to each sale. It can be a percentage of the sale or a pre-determined amount.
Link Clocking:
Most affiliate links are long and strange in appearance. To shorten such links using URL shorteners.
Affiliate Manager:
Some people are appointed by some Affiliate programs to help Affiliates and to give them tips, they are called Affiliate Managers.
Payment Mode:
This means that the medium through which you will be given your commission. Different affiliates offer different modes. Such as check, wire transfer, PayPal etc.
Payment Threshold:
The minimum amount that will be paid to you when you earn it. The payment threshold amount of different programs is different.
