What is affiliate marketing?
Affiliate Marketing is a marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate’s marketing efforts (Wikipedia).
Basically, as a publisher, you will be rewarded when you help a business by promoting their services or products. For example, you sign up for Konga Affiliate Program and promote their products; then you will get a commission when the visitor you send from your site or elsewhere makes a purchase.
What is affiliate marketing exactly?
A form of marketing where individuals promote a business in exchange for either a percentage of the sales they generate or a specified amount for each lead generated.
In Dummy Terms Translation: Promote an affiliate product. Customer buys that product through your affiliate link, or banner. You earn a commission. You can also get paid just for directing traffic to a vendor’s website if you choose this option this is called cost per lead. You can generate affiliate sales in any number of ways. (I’ll expand on this shortly).
Affiliate marketing to the best of my knowledge so far remains the quickest and cheapest (not the easiest) way you can start making money online since you don’t have to create any products yourself. You simply link up a buyer with a seller and you receive a commission on the sale that you referred.