Okay, this lesson is super important, because understanding how affiliate programs work is the backbone for everything else we'll learn. It's how you make your money, so pay attention, mmkay?
All affiliate programs are a little bit different, but in general here's how the affiliate program systems work:
You send people to company + people perform an action = you get paid for it
Different companies pay for different "actions" - most pay you for a percentage of each sale.
Here are the typical actions companies pay for, along with their technical name so you'll know what it is when you're signing up:
For the purpose Pinterest marketing, I like to use a mix of affiliate program types, but in general the programs that perform best are the pay per click and the pay per sale.
I'm not against pay per lead programs, I like them very much and use them often, but I haven't found that they perform as well as other promotions do on Pinterest.
Other terms to know
Do you feel like you're back in school yet? Only a few more little things so you know
A quick note on commissions: sometimes programs have minimums, or a threshold before they can pay you. This is pretty standard and you should not let it scare you off or prevent you from signing up for the program.