Affiliate marketing is a promotional tactic in which a business pays commission to one or more affiliates for each conversion achieved due to the affiliate’s marketing efforts.
In simple words, when someone refers a customer to your online site and makes a purchase, the person receives a commission for directing traffic to your site for sales.
Here are some of the popular affiliate program in the eCommerce space from which you can take inspiration –
- Apple Affiliate Program
- Amazon Associates
- Walmart Affiliate Program
- Target Affiliate Program
- Adidas Affiliate Program
- Clarks Affiliate Program
- Sephora Affiliate Program
To start an affiliate program for your store, you can join an affiliate network that connects you with publishers, like blog owners or influencers to promote your products or services.
Affiliate networks work as a marketplace for Publishers or site owners to sign up, choose the products or services they want to promote, and receive custom links that track how many people purchase from their referral. Then, they are paid for each referral as per the agreement.
These affiliate networks manage affiliate payouts, tracking, reporting, and anything required which save you a lot of time and resources.