Affiliate Marketing Definition
What is affiliate marketing
In this type of marketing, affiliates promote the products or services of a company to their own audience and earn a commission on any resulting sales. The company benefits by gaining exposure to new customers through the efforts of the affiliates, while the affiliates benefit by earning money for their promotional efforts.
Affiliate marketing is commonly used by online businesses, but it can be utilized by any type of company that wants to increase their sales through promotion by others. It is a cost-effective way to acquire new customers as the business only pays the affiliates when they make a sale, instead of paying for ad space or advertising time upfront.
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