Affiliate marketing is a performance-based marketing strategy where a business rewards affiliates (partners) for generating traffic or sales through their promotional efforts. Affiliates typically promote products via blogs, social media, or email, earning a commission for each sale or lead they drive to the business.
Key Benefits of Affiliate Marketing:
Case Example:
An e-commerce business that sells kitchen gadgets might work with food bloggers as affiliates. By sharing affiliate links, bloggers can earn a commission on every sale they generate, while the business benefits from increased exposure and sales.
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