affiliate-marketing

Vocabulary Word

Definition

Affiliate marketing is a type of marketing where you earn a commission for promoting other people or company's products. You refer people to these products and earn a piece of the profit from each sale you make.

Examples in Different Contexts

For content creators, 'affiliate marketing' offers a way to earn income by promoting products or services through their content and earning a share of the revenue from purchases made through their affiliate links. A blogger might explain, 'I carefully select products to promote via affiliate marketing to ensure they align with my audience's interests.'

Practice Scenarios

E-commerce

Scenario:

Our brand has a strong following, but we're looking to capitalize on our popularity. How can we leverage our community to enhance our sales?

Response:

Launching an affiliate marketing program can capitalize on our community. Influencers and bloggers could become brand ambassadors promoting our products.

Marketing

Scenario:

Our recent digital marketing efforts have shown mixed results. We need to find cost-effective ways to reach our target audience.

Response:

Considering cost effectiveness, affiliate marketing could provide us a vast reach without incurring upfront advertising costs.