Before writing this article, I used to search in google about it. The result is as follows
“Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others, and earn a piece of the profit for each sale that you make.”
There are four players involved in this process to complete a deal.
Let me explain the four important keywords here.
Merchant: (Retailer, Advertiser or Brand.)
Network: (Contains offer for the affiliate to chose from and also take care of the payment.)
Publisher: (Also known as “affiliate”.)
Customer: (End consumer or re-seller.)
Now the market is growing wide, as a result of this affiliate management agencies, super-affiliates and third party vendors come to the scene. Internet marketing methods is quite similar with affiliate marketing, but not all, because both methods frequently use advertising methods like search engine optimization (SEO), paid search engine marketing (PPC – Pay Per Click), email marketing, content marketing and display advertising.