Affiliate marketing is a performance-based marketing strategy where businesses reward affiliates (partners) for driving traffic or sales through their promotional efforts. Affiliates earn a commission for every successful conversion generated via their unique referral links.
Key Components of Affiliate Marketing:
Affiliate Program Setup: Establishing a structured program with clear commission structures and terms.
Recruiting Affiliates: Partner with influencers, bloggers, or content creators who align with your brand.
Providing Marketing Materials: Supply affiliates with banners, links, and promotional content.
Tracking & Monitoring Performance: Use analytics tools to measure conversions and optimize strategies.
