Affiliate marketing is that marketing in which the company compensates the third party that means the affiliates partners for generating traffic or leads.
The third person promotes the first party product and in return, the affiliate will get the commission.
So basically the product is manufactured by the first party and after that a third party i.e. the affiliates helps the first party in promoting their product or services and in return the affiliates will get the commission.
Types of affiliate marketing
- Unattached affiliate marketing – Unattached affiliate marketing is that marketing in which has no connection with the product or the services. They don’t have exact skill or knowledge about the product, they are simply just promoting them.
- Related affiliate marketing – in this type of marketing the affiliates have proper skills and knowledge about the product, or the services and it can easily attract traffic.
- Involved affiliate marketing – Involved affiliate marketing is that type of marketing in which they tried to build a relationship with the audiences, first, they used the product and then they try to promote the product by giving reviews about that. This will also increase the chances of increasing their face value by reviewing the product.