Affiliate marketing is an online sales strategy that allows a product owner to enhance sales by allowing others with similar audiences—"affiliates"—to earn a commission by suggesting the product to others. At the same time, it allows affiliates to profit from product sales without having to create any of their own.
Affiliate marketing involves recommending a product or service via a blog, social media platforms, or a website. When someone purchases something using the unique link linked with their referral, the affiliate receives a commission. If done correctly, this performance-based opportunity can become a valuable element of your organization, providing you with a steady stream of income.
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