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Affiliate marketing is the sales tactic which helps in improving the sales by recommendations of products and services by others. Affiliate marketing includes referring of product to others and earning money.
These products and services are suggested by the influencers by using mainly social media platform such as Facebook, YouTube and Instagram. Each time with every buy these influencers earn commission by unique links which are included in their videos or posts.
How does affiliate marketing help?
Who should opt for affiliate marketing?
Who are the affiliates?
Affiliates mainly include:
How do affiliates get paid for their work?
Affiliates get paid in the form of commission or percentage. It means when the customers buy the products from the affiliate’s unique link, code or source, affiliates get a fixed amount of commission on each buy.
What is the fixed commission rate for affiliates?
The commission rate may differ from company to company but in most of the cases, the percentage is based on the total sale i.e. approx 10%.
Do small companies/brands even prefer affiliate marketing programme?
Yes, More than bigger brands. There are thousands of small companies which are using affiliate marketing for improving their brand representation and drive more sales.
Who can be an affiliate marketer?
Anyone, There are no particular skills required for the affiliate marketing but you need to understand how the business model works for building up their audience and gaining the trust.