Affiliate marketing, explained in it’s most simple form, is a form of referral advertising where the person promoting something gets paid for bringing any customers for a company.
A simple way of explaining it is through visual graphics.
This infographic from Bengu Marketing describes exactly what affiliate marketing is and how it works…
Affiliate marketing is one of the most popular business models on the internet today. Thousands of people have started their own business through affiliate marketing and now have the luxury of receiving a passive income stream thanks to their hustling efforts.
Why is it so popular?
Affiliate marketing is popular because it’s different to many other businesses models and has plenty of upsides.
Firstly, it doesn’t require you to create a product. This alone is one of the biggest attractions for affiliate marketing because creating a product is a very difficult and time-consuming process, not to mention the cost implications.
Secondly, it’s easy to get started. Affiliate marketing has a low barrier to entry so you don’t need to spend thousands of pounds to get started. It’s something you can get started with in a fairly short space of time. You could literally start an affiliate marketing business today if you really wanted to.
Thirdly, you have such a wide variety of products and services to promote. This is attractive because people are able to do what they love and still generate an income. This is why thousands of bloggers leverage the power of affiliate marketing to generate a significant income from their blogs.
Fourth, it gives you location independence. You aren’t tied down to an office location. You can be anywhere in the world and still be in business as long as you have a laptop and internet connection.
I hope this bitsized article has given you a brief little overview on what affiliate marketing is and how it works!