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#11 Affiliate Marketing Explained for 10 year olds – "Imagine You're Sharing Your Toys!"
A post for the young entrepreneurs out there.
Hey there, little entrepreneur!
Have you ever shared your toys with your friends and they gave you a thank-you sticker or maybe even a candy for letting them play with it? Well, that's a little bit like something grown-ups call "affiliate marketing".
Let's learn about it together!
What is Affiliate Marketing?
Imagine you have a super cool toy. Some of your friends don't have this toy, but they want to play with it too.
So, instead of them buying the toy from the toy store, they borrow it from you.
And when they do, you get a shiny star sticker as a "thank you" for sharing.
Now, think of the toy as a "product" that people want to buy.
And instead of a shiny star sticker, people get real money when they share that product with someone and that person buys it.
That's affiliate marketing in the grown-up world!
How Does It Work?
Finding Toys to Share (Products to Promote): Just like how you pick your favorite toy to share with friends, in affiliate marketing, people choose their favorite products to share with others.
Telling Others: Let's say you tell your friend, "Hey! You can play with my toy!" In affiliate marketing, people tell others about a product by sharing a special link on their websites, social media, or even in emails.
Getting the Shiny Stickers (Earning a Commission): Every time someone buys the product after clicking that special link, the person who shared the link gets a small piece of money. It's like getting a shiny star sticker every time someone plays with your toy!
Why Do People Like Affiliate Marketing?
Well, it's fun to share!
Plus, just like you might enjoy getting more and more stickers without giving away your toy, grown-ups enjoy earning extra money without making the product themselves.
Can It Be Tricky?
Sometimes. You know how you only share toys that are safe and fun? In the same way, it's essential for people to only share products that are good and helpful.
It's not nice to tell your friends to play with a toy that might break or isn't fun.
Affiliate marketing is a fancy way of saying, "Hey, check out this cool thing. If you like it and buy it, I'll get a small thank you."
Just like when you share toys, it's always best to share things you genuinely love and think others will love too.
So, the next time you hear grown-ups talking about affiliate marketing, you can say, "Oh, it's like sharing toys and getting stickers!"
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