What does Affiliate Marketing mean?

Affiliate marketing is the process by which an affiliate earns a commission for marketing another person’s or company’s products. The affiliate simply searches for a product they enjoy, then promotes that product and earns a piece of the profit from each sale they make. There are two ways to approach affiliate marketing: You can offer an affiliate program to others or you can sign up to be another business’s affiliate. 
Affiliate programs can increase your sales with no upfront cost to you. It just takes a little time to plan your strategy and select the partners that will have the greatest impact on your business.

Affiliate marketing (In Digital Marketing) is a type of performance-based marketing in which a company rewards an affiliate for each customer or visitor brought to the company’s website through the affiliate’s own marketing efforts. In other words, an affiliate promotes a company’s products or services through their own channels, such as a website or social media account, and receives a commission for each sale or lead generated through their efforts.
Affiliate marketing can be a win-win situation for both the company and the affiliate. The company benefits from increased exposure and sales, while the affiliate can earn passive income by promoting products or services they believe in. Affiliate marketing programs typically provide affiliates with tracking links and unique referral codes to track their referrals and calculate commissions.
Affiliate marketing can be an effective way for companies to reach a wider audience and drive more sales, especially in industries where word-of-mouth referrals are important. For affiliates, it can be a way to monetize their online presence and earn income through their marketing efforts.