Due to the massive boost that affiliate marketing has witnessed in the 2010s, we typically think of it as a business partnership that only occurs in the online sphere.
In reality, affiliate marketing was being used way before the advent of the digital era. A savvy merchant would give their existing customers a fancy discount if they convinced someone else to purchase a product or use the merchant's service.
While it is true that the history of affiliate marketing started way before the proliferation of the online sphere, the Internet has naturally made this strategy as widely used as it is today. Affiliate marketing is now one of the most popular that help businesses drive sales and generate income.
Now how does this whole thing work?
The affiliate site places a link to the product within its website. If the customer ends up clicking on it and performing a particular action, the affiliate gets paid for the successful referral. Therefore, the whole essence of this marketing strategy is that the affiliate earns a commission for marketing another person's or company's products.
The question is, how did we get to the point where affiliate marketing is seen as an immensely beneficial practice for most businesses?
The online era has created tons of opportunities, and setting up an online business has become easier and more widely accessible to the broader public. Simultaneously, the ease of setting up an online business has created an abundance of choice. In turn, the abundance of choice has come to create increased competition levels. These increased competition levels led businesses to the realization that they needed alternative sources of traffic. This, however, is a simplified answer that only partially covers the perks of affiliate marketing as there are several other benefits related to this practice.
This article sets out to explore these benefits, focusing on the gambling industry that has been heavily reliant on affiliate marketing throughout the past years.
You can read the entire article here:
https://playattack.com/news/7-reasons-why-affiliate-marketing-should-be-part-of-your-strategy/