What is Affiliate Marketing for Businesses?

[zurirayden]

Would you be able to guide me through the answer to this question?

[lillysynder]

Businesses use affiliate marketing as a performance-based approach in which they collaborate with affiliates (influencers, publishers, or marketers) to market their goods and services. Affiliates receive a commission in exchange for every sale, lead, or action brought about by their referral links. It's an economical approach for companies to boost sales, broaden their customer base, and only pay for tangible outcomes.