Affiliate Marketing is an effective way to generate revenue
Affiliate marketing can be
an incredible platform and sales channel for an online merchant. Affiliate marketing has been in practice
since over a decade to earn money. With the inception of internet technology,
there is a boom of affiliate marketing. Online business persons can earn good
amount of money with a click on reference link. Numerous E-commerce websites
like Flipkart or Amazon, offer a referral link to sell their product. These
links leave referral bonus after completion of sale or purchase.
In affiliate marketing process, there is a participation
of four people that include the affiliate website, the affiliate network, the
promoter and the purchaser. Major advantage of affiliate marketing is that it
is completely performance-based. Affiliates are only get a commission when
product or services are sold through their website or blog. These forces
motivate them to make efforts to reach target buyers. Another advantage of
affiliate marketing is low cost of running marketing crusade.
There are drawbacks of affiliate marketing also. The
affiliates may involve in deceptive advertising to generate sales commissions.
In concise manner, it can be said that affiliate
marketing is associated with the practice of endorsing a company’s products or
services to probable clienteles, generating a sale and revenue in terms of a commission.
In simple form, Affiliate marketing is cooperative business partnership between
traders and online publishers.
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