Affiliate Marketing is a type of performance and commission based marketing, in which businesses rewards their affiliates or clients for bringing visitor's and customers by doing their own marketing efforts.
In simple,"Affiliate marketing is process of selling goods and services of any company or brand for earning commissions". Affiliates use their
blogs to promote and sell products for earning commissions.
Types of Affiliate Marketing
1. CPC: Cost per click
In these type of affiliate marketing affiliates have to promote banners of products online and when visitors click on banners, affiliate get paid. No sale is required.
2. CPA: Cost Per Action
In these type of affiliate marketing affiliates get paid only if visitors perform any action after clicking on banners. Rate is higher than CPC.
3. CPL: Cost Per Lead
In these type of affiliate marketing affiliates use lot of techniques to promote products. These techniques including Email marketing, Online promotions, Banners promotion etc. to generate leads. Lead is not a sale, when any visitor of ad leave their data by showing their interest in product is called lead. Sale is not required.
4. CPS: Cost Per Sale
In these type of Affiliate marketing affiliates get paid only after sale. It is tough but high paying.