What is affiliate marketing and is it right for me?
The Small Business Encyclopedia defines affiliate marketing as “A way for a company to sell its products by signing up individuals or companies (“affiliates”) who market the company’s products for a commission.” Every time someone makes a purchase or signs up for a service or event from the business, the affiliate earns a percentage of the fee. Although some people use the terms “passive revenue” and “affiliate marketing revenue” interchangeably, use caution when reading online blogs and reviews. Not all affiliate programs are created equal and not all passive revenue streams are really passive; many require consistent monitoring and lead generation activity in order to make money. Here’s how to create a healthy incomes stream through affiliate marketing. But first… What is affiliate marketing and is it right for me? In a nutshell, the basic premise behind affiliate marketing is that you can earn a steady stream of income with just an Internet connection and a bit of ingenuity. You d...