Before talking about ClickBank a brief explanation for anyone who is completely new to the world of Internet marketing. The most common - and simplest - way to make money on the Net is to become an 'affiliate' which means you get paid commission for making sales of other people's products. You leave the whole task of product creation, web sales copy, order processing and customer support, to the vendor: your job is simply to get the word out about the product.
You are given an affiliate link which leads the customer to the sales site and identifies you as the person who gets credit if a sale is made. One of the most popular affiliate programs is ClickBank.They are in fact the world's largest provider of digital products - essentially ebooks and software. You can choose from over 30,000 products in many categories and their affiliate program is simple to join. As a guide the average price of a ClickBank product is $41. The average commission rate is 55%, although
the top sellers often offer a much higher rate e.g 70% or 75% (the maximum). We can say that success with ClickBank boils down to
- selecting a suitable product
- promoting (getting the word out) about the product.
So you've made your first sale.
Are you Happy? Are you Motivated ?
Of course you are you have just made a sale and your are on your way to becoming a ClickBank marketeer!!
Now for the bad news. Getting a sale does not mean you get paid.The first reason (easily solved) is that you need to meet a payment threshold before you get paid. By default ClickBank sets this at $100. So what you can do is lower it if you wish, you can go as low as $10 but be aware that $2.50 is deducted for each check payment to you.
Note also that payment is only sent at pay period end time which is every 2 weeks. You need to have received 2 pay checks before you can opt for direct deposit and receive payment every week. But it's the second reason that is the BIG one. In my experience it's one of the most common complaints at my forum and others. Before getting paid you need to need to meet the Customer Distribution Requirement.
You can read the full detail in ClickBank's Accounting Policy but here is the essential bit
In compliance with US law, ClickBank will withhold payment of any account balance until the following criteria
is met:
* Sales made with 5 or more different credit card numbers and
* Sales made with two different payment methods (either Visa, MasterCard, or PayPal). Note: PayPal
purchases do not count toward the minimum 5 different credit card numbers.
What this means is - at the very best - you are going to NEED FIVE SALES BEFORE YOU GET PAID.
Feeling frustrated that nobody told you this?
Well it get's worse. What about cloaking your URL? What about dormant accounts? You won't be surprised when you read the report to see for yourselves! Happy ClickBanking!!
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