With the emergence of search engines in the mid-1990âs, the internet ballooned into a massive e-commerce and information machine. Website owners were creating valuable content and providing tremendous benefits to their visitors, and these website owners wanted to be compensated for their hard work.
Letâs start with a basic definition of affiliate marketing, it is:
"An Internet-based system where you (as an affiliate) get paid for referring sales or customers to another business."
Itâs a bit like how a real estate agent doesnât own the houses they sell; instead they promote houses on behalf of their clients, and earn a cut of the sale price of any properties sold.
Start up costs are super low. To start a regular business where you rent retail space and stock inventory could easily set you back tens of thousands of dollars. As an affiliate, you can get started for the cost of a burger and fries.
You donât need staff. No more office politics, and no messy payroll handling. When you get started as an affiliate you can do it all yourself, and when the time comes to grow your business itâs easy to outsource.