MoneyIsTheGod
BANNED
- Oct 26, 2013
- 830
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Vendor is the owner of the product.
Is it possible it become a multimillionaire using clickbank?
- Thread starter cuzyolo
- Start date
Vendor is the owner of the product.
- Mar 27, 2012
- 3,852
- 1,033
The key to being successful with Clickbank is getting visitors to trust your opinion, and then make a comfortable purchase that generates a lot more money per sale. Some clickbank products can make you hundreds of dollars per sale. But the sales will be more difficult to come by.
My advice for Clickbank Marketing
BUILD A LIST
Build a Relationship with your list
Give honest and solid advice
Promote products that genuinely HELP your list
You've probably heard before that the "money is in the list."
I would argue that the money is in the relationship with your list.
Obviously there is a lot more to be said about Clickbank marketing that I can't get to in this post. It's a real big numbers game, but here's the basics.
Collect Emails
Increase Open Rates
Increase Number of Clicks
Increase Conversions
My advice for Clickbank Marketing
BUILD A LIST
Build a Relationship with your list
Give honest and solid advice
Promote products that genuinely HELP your list
You've probably heard before that the "money is in the list."
I would argue that the money is in the relationship with your list.
Obviously there is a lot more to be said about Clickbank marketing that I can't get to in this post. It's a real big numbers game, but here's the basics.
Collect Emails
Increase Open Rates
Increase Number of Clicks
Increase Conversions
MDSOperandi
Regular Member
- Jul 10, 2009
- 230
- 212
One of the key things is to promote products that re-bill as well to build up passive recurring income rather then one-off sales - so many people dismiss this but it's vitally important!
crazydevil
Newbie
- Nov 16, 2011
- 48
- 5
Re-billing is the key to success in clickbank. I did really well there until my niche was saturated. I am not sure if you could be a multimillionaire but at least you could make a solid income - $200-300 a day (from my experience).
thejake
Power Member
- Nov 13, 2009
- 683
- 832
If you go by the claims cited at http://en.wikipedia.org/wiki/ClickBank it works out thus: 1.8 bil over 13 years works out to about 139 mil a year, 100k active affiliates works out to average active affiliate payout of about $1385 a year, or almost $4 a day per active affiliate. If you want to make Pareto assumptions about the data represented, then if you're in that top 20% of active affiliates your average yearly income becomes about $5540, or $15 a day.
If you want to believe the claim they've paid out 1.2 billion over the last 4 years, that's 300 mil a year, or average $3k/year per active affiliate. If you play the Pareto game again and think you'll be in the top 20%, that's $12k a year.
At $12k a year you'll have earned your 2 million bucks in about 166 years, but keep in mind you can spread those years over as many centuries as it takes; you don't have to have 166 top-20% years back-to-back. The key thing: never give up!
If you want to believe the claim they've paid out 1.2 billion over the last 4 years, that's 300 mil a year, or average $3k/year per active affiliate. If you play the Pareto game again and think you'll be in the top 20%, that's $12k a year.
At $12k a year you'll have earned your 2 million bucks in about 166 years, but keep in mind you can spread those years over as many centuries as it takes; you don't have to have 166 top-20% years back-to-back. The key thing: never give up!
GreenGoblin
BANNED
- Jul 17, 2008
- 1,492
- 2,581
it comes down to knowledge and execution
mancar487
Elite Member
- Apr 12, 2012
- 2,218
- 2,817
That data is from 2011, and clickbank was still not very well known back then.
From 2011 to 2014, the reported payout has more than doubled - from 1.2 bill to 3 billion.
Also keep in mind that active affiliates simple means affiliates who have generated at least 1 hop, not affiliates who are actually earning money. In my experience as a vendor, the bulk of affiliates will simply buy a fiverr traffic gig, generate a bunch of non-converting hops from the said gig, and give up.
surfbay
Junior Member
- Feb 17, 2008
- 155
- 33
I guess it is possible . . . but I imagine it is not probable !!!
Everywhere I turn there is someone telling me how I can achieve this goal, without
investment, and with very little effort.
What puzzles me more is the fact that throughout the IM forums there are lots of
folks just wanting to make $100 a day on Clickbank, while others want to make
their first sale in the marketplace !!!
mancar487
Elite Member
- Apr 12, 2012
- 2,218
- 2,817
No one says you can become a millionaire on CB "without investment, and with very little effort". Anyone who does has no clue what they're talking about. But is becoming rich through CB realistic? Absolutely.
I personally know MANY people who were complete beginners in IM who were able to quit their jobs in less than a year. But to everyone who wants to get started with CB without any prior skills in IM I've always been clear about one thing - you will need to work your hands to the bone initially. The first weeks and even months, it is work, work, work. However, once you have your system down, then yes you can make some serious big money with little effort on clickbank. But many people keep ignoring the fact the before this 'autopilot' phase, there needs to be a phase of very HARD work.
Even as an experienced clickbank vendor, each time my team is working on a new product, me and my team will work veryyyyy long hours (and burn lots of cash) for months doing niche research, competition research, future threats and opportunities...then long hours on product development and sales strategies...then long hours on infinite testing...then promotion, contests, PR, etc... Only after all this, the workload goes down immensely while income goes up.
For people who are ready to put in the HARD work, I can GUARANTEE that in less than a year of getting started with CB, they'll be making more than the average US salary, no doubt about that. But for those looking for an easy way, and those who are not willing to put in the long hours, then let me save you some time - IM is not for you; stick to a 9-5 job.
Mancar
Artofwar8719
Newbie
- Nov 12, 2014
- 15
- 1
Whatever you set your mind to you can achieve
Artofwar8719
Newbie
- Nov 12, 2014
- 15
- 1
Very informational
Bestindabiz
Senior Member
- Dec 29, 2012
- 971
- 493
Im sure you would become a millionaire in theory but the refund rates are so high you'd probably be poor again in no time!
kafirbaz12
Newbie
- Nov 29, 2014
- 28
- 6
I guess If you are a vendor of a popular product (monthly subscription) with a low refund why not
MDSOperandi
Regular Member
- Jul 10, 2009
- 230
- 212
And that's the other key - forget being an affiliate; move up the food chain and become a vendor! Let other people do the work for you
Freddyjames
Senior Member
- Jul 4, 2011
- 843
- 1,560
This ^^^^ post needs to be put in its own thread and stickied.
Every single person who wants to make decent money on CB should read it.
EDIT: I see a lot of people here posting negative things about CB. They try for a week, give up, when what they should actually do is some simple math.
To make a million dollars as an affiliate on CB in a year, with an average product value of $47, without any rebills etc, you need to make about 35,000 sales if your refund rate is about 15%.
That's it, 35,000 sales.
Don't let your mind put negative obstacles in your way, because I guarantee you that whilst you are saying it "can't be done", many others are doing it.
Also, that's just as an affiliate, vendors make WAY more $.
Last edited:
Freddyjames
Senior Member
- Jul 4, 2011
- 843
- 1,560
If you think vendors work less hard than affiliates, you are sadly mistaken.
