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Influencer and affiliate marketing strategies are essential for expanding reach through partnerships with trusted voices. Selecting the right influencers or affiliates based on audience fit significantly impacts effectiveness, ensuring measurable performance and accountability. Legal compliance and contracts safeguard brand integrity while optimizing these marketing channels for scalability and profitability.
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Class Notes
Memorization
What we have learnt
Final Test
Revision Tests
Term: Influencer Marketing
Definition: A strategy that involves partnering with individuals who have a significant following to promote products or services.
Term: Affiliate Marketing
Definition: A performance-based marketing model where businesses reward affiliates for bringing in customers through their marketing efforts.
Term: ROI (Return on Investment)
Definition: A measurable metric that indicates the profitability of an investment relative to its cost.
Term: CPS (Cost Per Sale)
Definition: A commission structure where affiliates earn a fee for each sale generated through their marketing efforts.
Term: FTC Compliance
Definition: The requirement for marketers to disclose paid partnerships to maintain transparency and consumer trust.