Affiliate Marketing is when a business starts an affiliate program and uses the marketing approach of rewarding affiliates with sales and commissions for referring people to a particular service or product. For example, a WordPress Plugin called SurveyFunnel will pay anyone who signs up for an affiliate account, 30% sales and commission for every person who buys through what is known as a referral link. Being an affiliate doesn’t mean your a referral for the company, you would be the one responsible for bringing in the referrals,leads and prospects.
As an affiliate marketer, your job is to use a variety of marketing techniques at your disposal in order to gain product awareness about the company you are promoting in an effort earn commissions. There are a variety of techniques that can be use to spread the word about the company such as pay per click advertising, search engine optimization and a lot more. The beautiful thing about affiliate marketing is that you earn income from selling other people’s products/services and there are thousands of products out there just waiting to be sold.
Many companies have what is called an affiliate program where it has rules and regulations on how it pays it’s affiliates and for how long it will pay it’s affiliates for a particular lead or purchasing period. This will pretty much guide the affiliate so that he or she doesn’t end up loosing commission for doing something against their rules and to demonstrate also when pay is to be expected and other information regarding acquiring the right tax documents.