Affiliate marketing is the promotion of products, services, websites, courses, etc by people or organizations for compensation. Anything that can be sold might have an affiliate marketing program connected to it. Those who sign up to promote it are called affiliates. You get paid when someone buys.
Affiliate marketing is one of the easiest ways for a beginner to get into making money online as long as it is a great product or service.
Some types of affiliate marketing programs have greater profit margin for the affiliate than others.
Digital goods such as ebooks, audio files, ecourses, software, tools, etc don't have to be produced or shipped so they usually offer much higher commision for the affiliate.
Physical products can be promoted by affiliate also. Since they have to use raw materials and be manufactured and also shipped the profit margin paid to affiliates is very low. Many sites such as Amazon and stores such as Best Buy have affiliate marketing programs.
Affiliate programs are everywhere. Some of your favorite websites, especially for shopping probably has an affiliate programs in which you can get paid to promote them. For every sales generated when you promote either a product or the website you could earn a small commission.
Scroll down to the bottom of the site.
In this image you see under partnerships the word affiliate program for best buy website. When you click on that link to sign up though you will realize what will take us to the next lesson.
Affiliate networks are 3rd party entities which manage the affiliate programs of others. Many businesses don't want to spend time or money on training and software development or adoption in order to properly run an affiliate program.
There are companies who have specialized in handling these affiliate marketing programs. As a result, the networks is a one stop shop for affiliates to access many of their favorites stores, products, website, etc affiliate program.
As you might imagine there are many affiliate networks out there. some of the more popular ones are
So you could go there find something you love and promote it once you sign up. However, that would lead to another question.