More and more people are buying products and services over the internet and affiliate marketing provides a quick and simple way to start an online business that taps into these internet transactions.
Here’s the concept of affiliate marketing explained in simple terms. You sign up to become an affiliate for a product or service. It can be a physical product that has to be shipped, or it can be a digital product that can be downloaded instantly. You then promote that product and when you make a sale, you get a commission.
You may have heard that a lot of online entrepreneurs generate a substantial online income by using the affiliate marketing business model. But what is affiliate marketing?
In simple terms, when you are an affiliate, you promote and sell other people’s products and services online. When you make a sale, the product owner pays you a commission. It is like being a commission paid salesperson who uses the internet to find customers.
In this article, we’ll look at the different types of commission structures that are typically available with an affiliate marketing business model and what some of the affiliate marketing jargon means.