Meaning of the word "affiliate marketing" in English

What does "affiliate marketing" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

affiliate marketing

US /əˈfɪl.i.ət ˈmɑːr.kɪ.tɪŋ/
UK /əˈfɪl.i.ət ˈmɑːr.kɪ.tɪŋ/
"affiliate marketing" picture

Noun

1.

a marketing strategy in which a business pays commissions to individuals or other businesses (affiliates) for driving sales or leads to their products or services, typically through unique tracking links.

Example:
Many bloggers use affiliate marketing to monetize their content by recommending products.
Our company saw a significant increase in sales after implementing an affiliate marketing program.
Learn This Word at Lingoland