Affiliate Marketing
Affiliate marketing is a type of system in a sales process where a product owner allows other people known as affiliates to promote their products to other people and earn commission from it. This system helps increase sales because it expands the reach of the product as the affiliates promote it and recommend to others. It is a win‑win marketing tactic as it makes it possible for affiliates to earn money on product sales without creating products of their own.
In practice, affiliate marketing means referring a product or service by sharing it through different media like blogs, social platforms or websites. The affiliate earns a commission whenever someone makes a purchase through their unique link. Properly managed, it can become a major, stable revenue channel.