Affiliate marketing can be a win-win situation for both businesses and affiliates. Businesses can benefit from the increased exposure and sales generated by the affiliates, while affiliates can earn a commission without having to create their own products or services. The commission structure for affiliate marketing can vary, but typically ranges from a percentage of the sale to a fixed amount per conversion. To be successful in affiliate marketing, it's important for affiliates to choose products or services that align with their audience and to promote them in an authentic and ethical manner. Additionally, businesses should choose affiliates who have a relevant and engaged audience that is likely to be interested in their products or services. With the right strategy and approach, affiliate marketing can be a lucrative and effective way for both businesses and affiliates to achieve their goals.

In other words, an affiliate promotes a product or service and receives a commission for each sale or conversion that is generated through their unique affiliate link. This link contains a tracking code that allows the business to attribute the sale to the specific affiliate and pay them their commission accordingly. Affiliate marketing can be a lucrative way for businesses to increase their sales and for affiliates to earn passive income by promoting products or services they believe in to their audience.