Challenge 1 – What is affiliate marketing?
What is affiliate marketing?
Affiliate marketing is recommending a product or service through a trackable link, intending to earn a commission either immediately or at some point when a purchase is made.
You introduce your readers to products or services from trusted companies or individuals and get a commission on any sales from customers; you send their way.
This is a “performance based” business model.
Types Of Affiliate Commissions
A purchase of a product or service through your link.
Through a trackable link assigned to you, you get a commission when someone buys the product within a certain timeframe.(cookie period)
Recurring billing offers are a great way to generate ongoing commissions that keep coming in for months or even years after you’ve promoted. A good example is web hosting.
CPA (Cost Per Action)
CPA marketing involves the lead taking an action, usually as filling out a form, install an app.
The owner of the offer pays out a commission for each lead you send through their system who successfully completes the ‘action’. These commissions are typically low.
All the best,