What is EPC or Earnings Per Click?

Hey guys recently found a new term epc but facing a difficulty in understanding what does Earnings per click means ? :(

It's probably is the amount you get when some one click on the Add being displayed on your site

Then what is cost per click ? EPC has basically something to do with affiliate marketing found this term on networksoultions affiliate page. I'm confused what does this term mean.

There are two popular ways advertisers can place ads on the web. One is Pay per Click and other is Pay per Impression. Earning per Click is Pay per click from the point of view of the publishers (those giving space for advertisements). Basically in Earn per Click Advertisers pay you whenever someone clicks on your ad.

Cost per click is the money that Advertiser has to pay

Earning Per click is the money that the space owner gets

@ punk, will blogspot blog will automatically transferr to the bought domain of google? how much it would take time? bcz yesterday domain was bought and the blogspot still says that your site is in transition.