Affiliate marketing is a marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate's marketing efforts
Affiliate Marketing Work:
When you join an Affiliate program and choose the products that you want to sell, sellers provide you with a unique affiliate code that you can use to refer traffic to the target site. Most affiliate programs will offer ready made text links, banners and other forms of creative copies whereby you only have to copy the code and place it on your website to start referring traffic. When interested visitors click on these links from your site they get redirected to the product site and if they purchase a product or subscribe to a service you as the referrer make a commission.
The sellers can track your performance through your affiliate ID and the affiliate softwares (eg. WP Affiliate Platform) that they use. You also have complete, real time access to all sales and commissions stats.
You don't need to sell products all the time to make a commission. Different affiliate programs can use different payment terms such as:
*Pay per Sale: In this program a merchant pays you a percentage of the sale price when the purchase is completed.
*Pay per Click: In this program you get paid based on the number of visitors you redirect to the Merchant's website from your affiliate site, whether or not a sale is made.
* Pay per Lead: You get paid once the referred visitors provide their contact information on the target site by filling out a simple contact form.