Is Affiliate Marketing only for Site Owners?

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hi mylotters!!! i've been hearing a lot about affiliate marketing as the best way to succeed online and that it can also make you earn a lot of money. but how does affiliate marketing work or do i have to own a site to join this kind of online job? i hope anyone who has the experience could enlighten me and teach me how to start and do affiliate marketing effectively. hope you can share some tips and your personal experience about affiliate marketing... thank you in advance, happy mylotting everyone ^_^