Smart entrepreneurs running a thriving business know there’s always more they can do to make that business grow. One way of taking things to the next level is by finding an alternate stream of income.
Affiliate marketing is a process where publishers earn a
commission by promoting a product or service made by another retailer or
advertiser using an affiliate link. The affiliate partner is rewarded a payout
for providing a specific result to the retailer or advertiser.
Typically, the result is a sale. But some affiliate
marketing programs can reward you for leads, free-trial users, clicks to a
website, or getting downloads for an app.
Most affiliate programs are usually free to join, so you
don’t have to worry about high startup costs. Done right, an effective
affiliate marketing strategy can go from side hustle to profitable online
business idea by netting you a healthy income.
Affiliate marketing involves referring a product or service
by sharing it on a blog, social media platform, podcast, or website. The
affiliate earns a commission each time someone makes a purchase through the
unique affiliate link associated with their recommendation.
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