What is Affiliate Marketing – Definition
I have posted on Digital Marketing Channels in my previous post, that I have listed out the Most Important Digital Marketing Channels. Now, I will be going through one of most important channel called “Affiliate Marketing”. Display marketing will be comes under the Affiliate Marketing channel. This is a smart way to earn money, get more traffic, promotion can be done by choosing this method wisely.
What is Affiliate Marketing?
Here are some definitions:
“Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.”
“Affiliate marketing is an online arbitrage platform, which aggregates publishers’ inventory, breaking it down by geo, age, gender etc., and sells it to advertisers/agencies. This is how a controlled marketplace between buyers (advertisers), sellers (publishers), and ad networks is formed.”
– Adsterra Network
3 Main components for Affiliate Marketing:
- User (Customer)
Advertiser is a manufacturer or company who wants to sell and advertise the product or service using online affiliates method. Publisher is a person who places promotion of this product or service on his website via different ad formats. User is the customers who see the ads in different websites in different formats.