What is affiliate marketing?
Another way to generate passive income can also be affiliate marketing, in which we can recommend specific services or products in exchange for a commission.
Affiliate marketing is a marketing model based on promoting products or services of another company in exchange for a commission on sales generated by a partner.
The process involves the company (seller or advertiser) providing special affiliate links to their partners (affiliates), who promote these products or services on their website or other marketing channels. If someone clicks on the affiliate link and makes a purchase, the partner receives a specified commission from the sale.
Affiliate marketing is beneficial for all parties - the seller gains more potential customers, and the partner can earn extra money without having to create their own product or service.
There are different types of affiliate marketing, including commission-based, cost-per-click, and cost-per-impression. The commission-based model is the most popular because it gives the affiliate the most control over their income.
Examples:
Another way to generate passive income can also be affiliate marketing, in which we can recommend specific services or products in exchange for a commission.
Affiliate marketing is a marketing model based on promoting products or services of another company in exchange for a commission on sales generated by a partner.
The process involves the company (seller or advertiser) providing special affiliate links to their partners (affiliates), who promote these products or services on their website or other marketing channels. If someone clicks on the affiliate link and makes a purchase, the partner receives a specified commission from the sale.
Affiliate marketing is beneficial for all parties - the seller gains more potential customers, and the partner can earn extra money without having to create their own product or service.
There are different types of affiliate marketing, including commission-based, cost-per-click, and cost-per-impression. The commission-based model is the most popular because it gives the affiliate the most control over their income.
Examples:
1 user upvote it!
0 answers