Affiliate marketing is a way to generate mostly passive income, and if you work at it consistently, it can grow into a great income stream and give you financial freedom and independence.
An affiliate marketer offers products from other companies to the marketer’s audience, and gets a commission for each sale or lead generated. In many ways, an affiliate marketer acts like a referral source, except that in most cases they don’t personally know the people they’re referring to specific products.
Most affiliate marketing happens online. The affiliate marketer promotes products from other companies on their blog and other online media channels, and it always includes an affiliate link. The link sends anyone who clicks on it away from the affiliate marketer’s media and takes them to the product seller’s page. That link can be tracked so that any purchases generated from it get credited to the affiliate marketer.
Put simply, you include links to products in your blog and elsewhere, and any time someone clicks one of those links and buys it results in revenue for you, usually a percentage of the purchase price.