Affiliate marketing is a performance-based digital marketing strategy where businesses, known as advertisers or merchants, collaborate with individuals or entities, referred to as affiliates or publishers. These affiliates promote the advertisers' products or services and receive a commission or predefined reward in return. This promotion is carried out through various channels, including websites, blogs, social media, email marketing, and video content, using unique affiliate links or tracking codes to monitor referrals and sales.
This approach offers mutual benefits for both advertisers and affiliates. Advertisers can broaden their reach, access new audiences, and utilize the marketing skills of affiliates without incurring upfront marketing costs. Affiliates, in turn, can monetize their online presence and content by promoting relevant products or services, earning commissions based on their performance.
A successful affiliate marketing campaign involves selecting suitable affiliate partners, providing them with promotional materials and support, tracking and analyzing performance metrics, optimizing campaigns for better results, and ensuring compliance with legal and ethical standards.