Whenever I publish my income report or share how I earn money with my blog, I often use the term “affiliate marketing”. Bloggers and internet marketers who have been into online marketing for years are familiar with affiliate marketing, and with the fact that it is the most lucrative way to earn money online.
In this article, I will share the basics of affiliate marketing and all the details you need to know in order to understand how affiliate marketing works.
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What is affiliate marketing and how does it work?
Affiliate marketing is one of the oldest forms of marketing wherein you refer someone to any online product and when that person buys the product based on your recommendation, you receive a commission. This commission varies from $1 to $10000, depending on what product you are promoting.
The most common question I hear is related to how companies track the record of who is sending the traffic and making the sales. The simple answer involves a tracking URL, which is a unique link given to you by the affiliate company or product company. This URL is used to keep track of all the traffic and sales you are making via your website or other promotional techniques. Many old-fashioned affiliate programs allow a buyer to add the email or referral details in an effort to account for affiliate sales, but this is certainly not the best way to track progress.