Let's start from the basics.
Example of a simple Website 'A' needs to advertise his/her products, so he convinces website 'B' who knows a lot of people, to promote his/her business. In return, Website 'A' will pay him/her commission according to a bond they sign. The commisions can either be paid through Pay-per-Click (for each visitor), or Pay-per-Lead (for each registration), or Pay-per-Sale (commission for each sale).
So, how do you go about implementing your new business? The first step to do that would be, create your website or blog.
For many website owners, this is a great way to earn some extra money without actually having to "do" anything. All it involves is placing an ad on the affiliate's website. There's no selling or promotion of any kind. The affiliate can just sit back and wait for the profits to roll in.
Affiliate marketing is considered one of the best ways to earn money online. If this is an avenue you wish to pursue, here are some perfect compaines to join!
These are Free or Almost Free to Sign-Up with!
Diamond M Sales
Simply Tempted Bath & Body Co
Free until Dec 15th 2009 then it is $5.00 to sign up
On River Street Gourmet
Bon Bon Babe
Trusted Health Products Affiliate Program
Zooloot Chocolate Recipes
$9.95 to Sign up
Site Build It! (SBI)
Go ahead check them out!