What is affiliate marketing ?
Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts
Think of affiliate marketing as making a commission - you don’t have to create product to make money, just recommend someone else’s. It’s a great way to make a few extra bucks when sharing products and services.
For example, if you join the Envato affiliate program (which is through Impact Radius) you can create custom links to products with your affiliate ID. So when you share a WordPress theme, video effect, stock photos or anything else from the Envato Marketplace you can get paid when someone makes their first purchase.
Affiliate marketing comes under Digital Marketing. An online deals tactic allows a product owner to increase sales by letting others targeting the same audience—“affiliates”— earn a commission by promoting the product to others. At the same time, it makes it possible for affiliates to earn money on product sales without creating products of their own.
We can say that Affiliate marketing is a category of advertising model where business man or organization give authority to affiliate or other persons to promote their products in different platforms or by refer product to other person to generate sale. When affiliate person give sales then he received his commission from the owner or organization.