Affiliate Network Marketing is a type of online marketing where businesses partner with affiliates to promote their products or services. Affiliates earn a commission for each sale or lead they generate for the business. Here are some key terms to know:
- Affiliate: A person or company that promotes a business’s products or services in exchange for a commission.
- Merchant: The business that offers products or services for promotion by affiliates.
- Commission: The percentage or flat fee that an affiliate earns for each sale or lead they generate for the merchant.
- Cookie: A small file that is stored on a user’s computer when they click on an affiliate link. This allows the merchant to track the user’s activity and attribute any resulting sales or leads to the affiliate.
- Conversion: When a user completes a desired action, such as making a purchase or filling out a form, as a result of clicking on an affiliate link.
- Network: A platform that connects merchants with affiliates and provides tracking and reporting tools for both parties.
Affiliate Network Marketing can be a lucrative way for businesses to expand their reach and for affiliates to earn passive income. However, it requires careful planning and execution to be successful. Both parties must choose the right products or services to promote, create compelling content and marketing materials, and track and optimize their campaigns for maximum results.« Back to Glossary Index