What Is Affiliate Marketing
"Affiliate Marketing is a marketing method whereby one business rewards another business for sending customers, visitors and/or sales.
"Mostly, affiliate marketing rewards come in the form of revenue share on a sale. Site A (the affiliate) funnels visitors to Site B (the merchant). If a transaction is completed by the merchant, the affiliate receives a commission on the sale. Do this numerous times a day in a high-margin area, such as loans, and both the affiliate and the merchant can make a lot of money.
"Affiliate marketing is nothing new."In the carpet markets in Turkey, you get pestered by salesmen whos job is to tempt you off the street and across the threshold of a carpet shop. He - its invariably a he - might get paid for bringing you to the door (the online equivalent is equivalent to cost-per-click), or, if you buy a carpet he receives a commission (cost per action). Or perhaps a mixture of the two.
"The benefit to the merchant is that he doesn't have to pay the full time wages of the salesman, and he only pays him on performance. The benefit to the salesman is that he doesn't have to own a shop, carry merchandise, deal with transactions, or any of the other costs associated with running a carpet shop.
Win-win. "
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