Affiliate is the person who acts as a referrer to products or services of a company/business and receives commision on every successful sale. For example, John is selling a "Step by Step Guide to Build Wealth" eBook. John has a friend named Christina, Christina sells John's eBook to another friends. Because Christina helped John to make more money, John gives Christina a commission 50% of the eBook's price.
That was easy, right? just by referring products to someone else, you earn 50% commission. Don't be surprised, there are some products who gives more than 75% commission to their afifiliates. Using this affiliate system, many gurus said that they can earn money without product, without website, even without ideas! because all they need to do is find an affiliate product and then referring it to someone else.
Affiliate Program is a program that provides a system to allow affiliates to sign up and selling the products to receive commisions. Without affiliate program, there is no way you can record every sell from the affiliate. To have an affiliate business, you will need a third party script for your website or find a service that provide affiliate system.
There is a place where people meets to offer their affiliate products to sell. It's called affiliate directory. Usually people go to affiliate directory to find an affiliate products. Some affiliate directory even pay the affiliates using check and bank transfer directly.
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