What is Affiliate Marketing?

Affiliate marketing is a method of promoting internet-based merchants' products in which an affiliate(promoter) is rewarded for every sale resulting from his or her efforts.Different products offer different compensation.Compensation is mainly in the form of commissions,given by the product owner(internet-based merchant) after the sale of the said product has been made.

Affiliate marketing is one of the fastest growing internet businesses today because it takes advantage of the intersection of three powerful and growing trends:

1.The continued rise of internet commerce.

2.The penetration of high-speed broadband internet service to homes,making electronic distribution(downloads) of even large files fast and easy.

3.The accepted change of distribution methods from physical to electronic for a wide variety of products.

The internet usage continues to grow and evolve as a central,global economic hub and marketplace,as evidenced by the fact that online sales are expected to top $1 trillion annually by 2010.

According to Jeff Bezos,chairman of Amazon.com....
Affiliate marketing is simply the first step in the ongoing migration of the $4 trillion global retail economy onto the Net.

Clickbank is the largest affiliate marketplace on the internet.