Making money online may not be as easy as some eager salespeople would have you believe. Get-rich-quick schemes are often just that. They are empty promises that seem too good to be true.
That said, there are ways to make money online and earn a living working from home. You can even train to learn the skills needed to utilize various systems for potential earnings. One such opportunity is ClickBank. It is a website that facilitates online buying, selling, and promotion of goods.
They have a promotional video for their training program called ClickBank University. In it, they state that over past 10 years ClickBank has sold over 300 million digital products. Additionally, the site has generated an incredible 3 billion dollars for members to date. It’s no wonder people are interested in getting in on this earning potential.
Can ClickBank be a legitimate business opportunity to earn money online or is it just another scam? How can you use the platform to your advantage and make a success of your efforts?
Here are a few things you need to know if you want to make money online with ClickBank.
What is ClickBank?
ClickBank is basically a facilitator. It is a platform through which vendors can post their products. It’s a place where marketers can choose affiliates to promote, and consumers can browse products. What sets ClickBank apart is its specialization in digital products. These include guides, tutorials, courses, software, tools, and more.
There are two ways to earn money through ClickBank. They are as a product creator or a digital marketer. Vendors with products to sell can reach a global audience and connect with digital marketers. They reduce the burden of setting up a unique sales platform (i.e. an online store). Additionally, they provide access to support solutions.
Many vendors don’t necessarily want to deal with marketing, sales, administration and other details of online sales. Thus, they can hand these duties off to ClickBank. In doing so, they can focus on production and distribution alone.
ClickBank offers many tools. These include order forms (and mobile optimization), subscription management, and an affiliate finder. Thus, entrepreneurs unfamiliar with business operations can still find a venue in which to make sales. All they have to do is provide product details, promotional information, and sales stats. That, in turn, will attract affiliate marketers.
As for digital marketers, they can browse thousands of available products. Then, determine which ones they’d like to promote in order to earn money for referrals. When they’ve chosen products, they create HopLinks. That way every click-through and sale related to their efforts is logged. This will result in a commission.
Of course, this is just a simple snapshot of how the service works. It’s not quite as easy as clicking and earning a livable wage. As a digital marketer, you’ll have to carefully select the products you want to promote in order to earn.
Let’s say you decide to be an affiliate marketer. There are plenty of tools and resources offered through ClickBank to help you get started and ensure success. The basics of becoming an affiliate marketer require that you select products to promote. After that, you promote them online and send people to offers they can take advantage of.
In essence, you are selling other people’s products and earning a commission in the process. You won’t get paid unless a sale is made. Any sale that is attributed to click-through from a promotional link you created earns you a commission. It will go directly to your account.
If the sale involves recurring billing, as with memberships or subscriptions, you will receive commissions on the rebills. That is basically earning passive income for a one-time referral and sale. This all sounds pretty good. However, first, you actually have to make sales. This involves choosing the right products to promote.
You must be discerning if you want your time spent promoting to equate to money. Not all of the products offered through ClickBank are of the same caliber. Therefore, it behooves you to find the most valuable, useful, and popular products. In doing so, you can encourage sales and earn a commission yourself.
There are several statistics provided by vendors and by ClickBank. These will help you discover which products are worth your while.
Here’s what you’ll want to pay attention to.
- Earning Potential: There are several statistics that relate to your potential for earnings. These include the initial sale amount, the average sale amount. That is in addition to rebilling amounts, which relate to products that require memberships or are subscription-based (with recurring billing). This gives you a rough idea of the potential for profit.
- Gravity: This is both a gauge of the popularity of a product and the potential competition you’ll face for sales. It is calculated based on factors like the number of affiliates selling a product and how recently sales were made. Thus, higher numbers indicate a lot of recent sales and a large number of affiliate marketers profiting. This could indicate a hot product, but also stiff competition.
- Other Attributes: You also have access to other information about products. This includes required languages, support for mobile traffic, and so on. You can filter based on a number of features when doing searches to make your own job easier.
The information provided by vendors and by ClickBank can help you to narrow your search to products that you’re most likely to be able to promote. It generates the click-through and sales that earn you commissions.
View Landing Pages
Checking the stats is a great way to get started and narrow down the products you might be interested in promoting. You’re not done yet, though. It’s not enough to look good on paper. A product has to deliver value. If not, you risk losing potential repeat customers. Memberships may even be canceled in short order.
The next order of business is to look at the vendor’s website. This will give you a sense of the vendor’s level of professionalism. Plus, it could provide greater insight into how best to market the products you’re interested in.
Now, everything looks good and you feel like you’ve found the products you want to promote. Thus, it’s time to click the “promote” button, create your custom HopLink, begin your promotional efforts, and start earning commissions.
What do you think about ClickBank? I would love to hear from you. Please reply in the comment box down below.
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