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The marketer is typically paid a percentage of the sale price of the item or service.The affiliate marketer is typically given a special code or unique ID number that is embedded within his own unique web address.This allows him to receive credit each time he makes a sale.The affiliate marketer incurs the cost of advertising or may sometimes have an existing audience to whom they can market the product.
The term “affiliate marketing” is often thrown around in Internet business circles as if everyone has an understanding of what it means.
The affiliate business model is fairly simple to understand and define if you simply look at the basic elements of how the marketing model works.
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This is a very popular form of marketing used on the Internet to promote various types of businesses and products.
Affiliate programs are offered by individuals or companies that want to market a product but do not necessarily want to pay an extreme amount in online advertising costs or who may not have immediate access to the audience they require without spending vast amounts of money.
Rather than spend millions of pounds on advertising, the entity that owns the affiliate business will pay individual marketers a commission to market its product on the web.