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Affiliate marketing is a performance-based marketing strategy in which an individual or a company (the affiliate) promotes products or services of another company (the merchant) and earns a commission for each successful sale or action generated through their referral. It's a win-win situation for both parties involved: the merchant gains exposure and new customers, while the affiliate earns a commission without having to create their own products or services.
Payment: Depending on the affiliate program's policies, the affiliate is typically paid on a regular basis, such as weekly, monthly, etc. for the accumulated commissions they have earned.
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