Why is affiliate marketing necessary?
Affiliate marketing is necessary because it is one of the best ways to make money online. It allows you to earn money by promoting someone's products or services that you love based on your interested niche and generating leads or sales through your affiliate links or referral links.
Thousands of companies and businesses all over the world currently use affiliate marketing as part of their overall marketing strategy by implementing affiliate programs to drive traffic, leads, and sales from affiliates' efforts. It lowers organizations' CACs (customer acquisition costs) while simultaneously increasing affiliate earnings.
"Affiliate Marketing industry is expected to reach $36.9 billion in Revenue by 2030" - Stacked Marketer Newsletter
The application of an affiliate marketing strategy is not limited to B2C; it is also being observed in the B2B sector, a trend that has become more evident in the post-pandemic era.
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