What is Affiliate Marketing?
Per wikipedia at: http://en.wikipedia.org/wiki/Affiliate_marketing
Affiliate Marketing is an Internet-based marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate’s marketing efforts. Examples include rewards sites, where users are rewarded with cash or gifts, for the completion of an offer, and the referral of others to the site. The industry has four core players: the merchant (also known as ‘retailer’ or ‘brand’), the network, the publisher (also known as ‘the affiliate’) and the customer. The market has grown in complexity to warrant a secondary tier of players, including affiliate management agencies, super-affiliates and specialized third parties vendors.
One way to think of this is that you get paid for suggesting to an online friend or business associate a service that you have used. If your friend chooses to use the service, you get paid. There is no selling on your part; you simply have a unique link from the service provider. When your referral uses that link, you have made a sale. No need for you to do anything else. No followup, no closing the deal, just make the referral and let the seller do the rest.
If you own your own blog or website, you may choose to put a link or small banner ad on your website with the agreement that you get paid for each sale that is generated from your site. So, you do the work once of putting the ad on your site, promote your site as you would normally, and if any sales are generated from the affiliate link, you make some money.
Affiliate Marketing sounds like a good deal, no?