Affiliate Marketing and Crypto Currency

[successchar]

Today we take a look at what affiliate marketing and crypto currency means. Along with a few other words that come up when speaking of them.

In todays world of affiliate marketing there are more and more affiliates getting into crypto currency. However, they have no clue as to what it is they do or what crypto currency is.

Affiliate Marketing

Affiliate marketing is simply when someone advertise a product, service, or opportunity to gain a commission. When you click links on many websites rather it's Ebay, Amazon, Walmart, or anything at all, in most cases someone somewhere is making a commission when you make your purchase. Some links even pay an affiliate just for you clicking their link.

Affiliate

An affiliate is a person who advertise other people products and services in exchange for a commission (a percentage of the cost of product or service) or fee.

Crypto Currency

There are thousands upon thousands crypto currencies out their. Crypto currency is a form of encrypted, digital money that uses sophisticated mathematics to regulate the creation. Crypto currency does not connect with any bank and uses the blockchain to transfer funds between entities.

Entities

Entities can be a well know company, an online company, or an individual who is self employed or have their own blog or website where they offer products and services and/or an affiliate marketer.

Blockchain

The Blockchain is a public ledger of all transactions ever executed. All of the transactions and data are stored in a distributed database. Each time the database is updated, all of updates are done together in a batch called a 'block'. Each time a new block is produced/added, it is appended on to all of the previous blocks - hence the name "blockchain". Taken from the Hive Blockchain.

Charletta Allen

Comments

[lisamgentile1961]

Nice Job, Charletta! Those definitions are very well written so that people that are new to online business can understand them and still not dumbed down and patronizing. Love your branding too!

[successchar]

Thanks @lisagentile1961.
That's what I want to get across. I remember when I started and everything was so foreign.

[misterengagement]

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

[lisamgentile1961]

You're welcome, @successchar! It is a delicate balancing act to meet people where they are and not assume prior knowledge so that you can help them effectively. And none of the crypto stuff existed back when we started our online journeys. Not the easiest thing to explain to anyone let alone a newcomer. You're doing awesome.😀
!ENGAGE 20

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@lisamgentile1961
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[mba2020]

Great article, excellent intro and refresher for us. Thank you for all of your work :-) Looking forward to your next article.

[successchar]

Thank you @mba2020.
I'm glad it was useful for you.

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[thesurfninja]

A nice, quick introduction to an important topic.
Crypto is definitely the future for online affiliates.
Cheers, Charletta

[successchar]

Thanks @thesurfninja.
Yes it is and I want everyone to understand what everything means in clear precise wording, you can get so lost in translation of terms.