🛒 What is Affiliate Marketing?
Affiliate Marketing is a commission-based marketing system where an individual or organization promotes another company’s products or services and earns a commission based on the sale of that product or purchase through a referral link.
📌 Simply:> You promote someone’s product/service — someone buys through your link — you get a commission.
Key elements of affiliate marketing:
1. Merchant: The person who makes the product or provides the service (e.g. Amazon, Daraz)
2. Affiliate: The person or website that promotes the product (e.g. you)
3. Consumer: The person who purchases the product
4. Affiliate Network: Sometimes the network works (e.g. ClickBank, ShareASale)
🕰️ History of Affiliate Marketing:
📅 Started in 1994:Affiliate marketing began in 1994.The first successful online affiliate program was launched by PC Flowers & Gifts, which was launched through the Prodigy Network.
📅 Amazon’s move in 1996:Amazon popularized affiliate marketing.
Amazon popularized affiliate marketing.They launched the “Amazon Associates” program — which is still one of the largest affiliate platforms in the world.
📈 After 2000:Google AdSense, Commission Junction, ClickBank, etc. became popular.
Affiliate marketing became widespread using blogging, YouTube, email marketing, and social media platforms.
💡 Affiliate Marketing Today:It is currently a widely used digital income medium.Thousands of people are earning thousands of dollars per month using affiliate links through blogs, YouTube, Facebook or Instagram.Various online shops in Bangladesh such as Daraz Affiliate Program or Pickaboo Affiliate are also becoming popular.
✅ Benefits:You can earn money without having your own product.You can do the work online from home.It creates opportunities for passive income.
