affiliate marketing

Beginner 📣 Marketing / Advertising

Definition

A performance-based model where third parties earn commissions for driving sales, creating an army of motivated salespeople who work for free until they succeed. It's outsourcing your sales force to anyone with a website and no shame.

Example Usage

Our affiliate marketing program pays 10% commission, attracting a network of bloggers who now pepper their content with our product links like confetti.

Origin

Pioneered by William J. Tobin in 1989, popularized by Amazon Associates in 1996

Fun Fact

Affiliate marketing accounts for 16% of all e-commerce sales globally, making it a multi-billion dollar industry of people recommending things for money.

Source: Performance marketing and e-commerce

Related Terms

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