There are the following common terms that we generally used in Affiliate Marketing -
Affiliates are the persons who promote products and services for a particular website to earn commissions.
2. Affiliate Program
Most of the companies such as Flipkart, Amazon, Bluehost, Hostgator, and more run their Affiliate programs to promote products and services. It also offers a commission to those affiliates who target the customers to buy their products.
3. Affiliate Link
An affiliate link is a link which a company offers to its affiliate to promote products and services. It also informs the company that which link is clicked by the customer to reach their product.
4. Affiliate ID
Affiliate ID is quite similar to Affiliate Link. Some companies offer Affiliate ID in place of Affiliate Link. Affiliate IDs are also used to promote products as well as services.
5. Payment Mode
Payment mode is used by the companies to give payments to their affiliates. Most of the companies use Check, Wire Transfer, PayPal, and more to give payment to their affiliates.
6. Commission Percentage
The commission is the amount that is offered to affiliates based on the sale of products.
7. 2-Tier Affiliate Marketing
Currently, 2-Tier Affiliate Marketing is one of the best ways to earn money. It works as a Multi-Level-Marketing (MLM). It allows us to recommend others to join Affiliate marketing, and if the person recommended by you join it, then you get a commission form the sale that is made through a recommended link.
8. Affiliate Marketplace
Affiliate Marketplace is a company that offers affiliate programs on various different subjects.