Affiliate Marketing which in other context means “partners” and “publishers” that uses a channel to partner with certain brands that help in measuring and tracking performance in an affordable and effective way. It is the most skilled digital marketing method that adds extra income to the pockets and is also easy to use. Social media are widely popular for Affiliate Marketing as they act as mediums and also middlemen to promote a product or service through it.
It is like a passive income which is like an automated revenue that is further based on revenue sharing. You can advertise the product/service/ item via affiliate marketing merchants who are skilled in marketing methods. This way your product and service get purchased and the affiliate marketer gets its share. This is used to popularize the product through big personalities
How does it work?
With the advancement in technology, every social media platform is becoming more and more advance in terms of marketing ideas that are new and effective and drives the audience towards it. Most companies offer an affiliate program that can be registered by any person who wants to earn through it. By registering to this affiliate program a person can start-up a business around a brand. A person can also set up his/her own website and start the affiliate marketing Dubai with it.
There are 4 parts of affiliate marketing which includes
· The merchant
The merchant can be a business organization, small or big company, retailer, creator, etc. who creates a product or service. The merchant can be who wants to sell the product or service with its affiliate marketing skills.
· The affiliate
Here the affiliate is different from the merchant and acts as an affiliate/publisher/ advertiser or distributor. They can be in a big group of organization or work as an individual. They use certain techniques to reach the target audience through marketing practices so that the customer can find the product easily.
· The consumer
The consumer is someone who consumes the marketing technique by the affiliate marketing agency and offers the results. There is no commission if the consumer does not buy the product. Mostly the social media is one such platform where customers are likely to see the product.
· The network
To promote the product and serviceefficiently the affiliate uses certain networks like commission junction or Click Bank