Affiliate marketing is a renowned web-based advertising strategy. Where a company places its banner (or any web tool containing a link to its product site) in your website there by allowing visitors of your site to know about the company and its products and thus make way for a business to happen. Once you agree to the terms and conditions of the company, you will be provided with their banners and other ad kits that will help your send visitors to their product site. If the interested visitors that you directed purchased products from the site, you will receive a commission for every sale initiated by you.
Your unique visitors will be identified using affiliate cookies and IP tracking and you will be paid for every sale that is made. You will even earn commissions from visitors you sent months ago.
A good example is the icon design website http://www.icongalore.com/. This site offers an affiliate program that provides up to 20% as commission for the affiliate. All you have to do is apply for the affiliate program through the online form provided and once you get the nod place the ad material provided on your website and start earning. This site does not charge you anything to become its affiliate member. The website also has schemes for awarding well-performing super affiliates with special incentives and higher commissions.
Affiliate marketing is not the only way to earn a handsome income through your website there are numerous other ways and this website http://www.getmeclicks.com/ is a wonderful resource to learn more about how to convert your website in to a perennial source of income.