Glossary of Terms
Affiliate Marketing
Affiliate marketing is a style of marketing in which an individual is rewarded by businesses for driving traffic or sales on a particular product. Affiliates use unique web links to track the amount of online traffic or sales they send to a particular business or product.
Copywriting
Copywriting is using text for the purpose of marketing a product or service.
Copywriters can work freelance careers or they can work for a large advertising agency. The written work is aimed to increase sales or brand awareness.
Freelance
Instead of being employed by a single employer, freelancers work for different entities at different times.
They utilize a specific skill to sell services to clients who need their expertise. Some freelance work is short-term, other work can be long-term.
Personal Finance
Personal finance is management of a person or family’s income and output budget. Learning about personal finance in a particular niche/career allows earners to save and spend money appropriately so they can earn a living while also enjoying the lifestyle they want to live.
Supplemental Income
Supplemental Income is additional money you earn on top of your normal salary/income. This can be used to achieve financial goals by meeting required financial outputs (picking up extra shifts or taking on a side hustle to make ends meet). However, supplemental income can also be used to advance your salary as a way to improve lifestyle.
