Affiliate marketing is a performance-based marketing strategy where businesses partner with individuals (affiliates) to promote their products or services. Affiliates earn a commission on each sale they generate, and businesses only pay when they make a sale.
The global affiliate marketing market is expected to reach $125 billion by 2025. 81% of businesses use affiliate marketing, and 84% of publishers say affiliate marketing is an important part of their monetization strategy.
In this episode, I will discuss:
- What is affiliate marketing and how does it work?
- The benefits of affiliate marketing for small businesses
- How to get started with affiliate marketing
- Examples of affiliate marketing for small businesses
- Tips for success with affiliate marketing
If you are a small business owner, I encourage you to listen so you can consider using affiliate marketing as part of your marketing strategy.