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Affiliate and influencer marketing are performance-based strategies that utilize individuals to promote products and services for compensation. Both methods focus on reaching targeted audiences through partnership with affiliates and influencers, emphasizing the importance of selecting the right partners and tracking performance metrics for successful campaigns.
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Final Test
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Term: Affiliate Marketing
Definition: A type of performance-based marketing where businesses reward affiliates for driving traffic or sales through their marketing efforts.
Term: Influencer Marketing
Definition: A strategy that involves partnering with individuals who have significant social media followings to promote products or services.
Term: Performance Metrics
Definition: Key indicators used to measure the effectiveness of marketing campaigns, such as clicks, conversions, and engagement rates.