Yahoo adsense program is just like any other affiliate marketing program. But here, Yahoo acts as the medium between the merchants and its affiliates. The merchants need to sign up with Yahoo to be able to provide their affiliates with the ads needed in marketing the product or services being offered. The ads are linked to the site of the advertiser. Then these ads will appear not only on Yahoo searches but also on the affiliate owned sites and other website owners that are into the same Yahoo adsense program. You can probably see a lot of likeness between Yahoo adsense program and other kinds of affiliate programs. But there are also many differences.

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