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Click with Clickbank and make a Sale!
By admin | October 31, 2008
I thought I would give you a bit more information about me today. I started this site to record my endeavours to make money on the internet and to let others follow my trials and tribulations if they were interested.
If I had posted this time last week on this, then I would have said that to date, I have spent many thousands of pounds (and even more in dollars) on this and made not a cent in return. I truly am a total novice and I hope you what I do helps others to see what might work and what doesnt(for me in any event).This site is really a record of where I have been, what I learned and what might help you,if you are starting a similar journey,or are already on the road.
I decided a few weeks ago to concentrate on this blog, reporting what I learn about blogs and blogging and on affiliate marketing, which I will also tell you about as I go along.
Anyway, this week, I have made a sale!!. This comes after many months of flogging away at this. I have no idea whether it will lead to others and I will keep you posted on that, but at least I am moving in the right direction. It was for $40 and that will at least pay something towards my subscription to wordtracker!
Anyway, have a look at Clickbank:
There are over 100,000 products available in Clickbank and it has announced only in the last couple of days that it is now able to allow transactions in English,Spanish French and German, including trading in 13 currencies, so that should give you plenty to play with! If you are multilingual then this may be of interest to you, as the order form,confirmation page, phone and emails can all be conducted in those 4 languages.
So, back to basics. If you havent got an account already at Clickbank, get one they are free and take only a couple of minutes to arrange. You will get a clickbank ID that you then register with any of the merchants whose products you might be interested in promoting.Think carefully about your ID, because you will be stuck with it thereafter..
Once you have registered,head over to “Marketplace” and this is what you will see.
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You will note that there are loads of categories to choose from, so choose a catagory that interests you.Now I’ll show you how to quickly analyze a ClickBank offer.Have a look at one of the products within your chosen category. The green line that begins with $/sale is the average commission you will receive after any refunds ie if pepole send the product back. I think you have to be looking at products paying more than $10 to have any chance at all of making any money. I have seen that you should be looking at a minimum of $30, so take your pick. The problem is that there is a conversion rate of around 1-2% so you may have to spend quite a bit and if you are not getting much by way of commission, this could eat into any money you make.
Then look at $/sale: %, . Thats you commission percentage and obviously the higher it is, the more commission on a sale. I have come across various figures quoted here, from “dont take less than 60%” to a figure of 75%. I guess the same applies as to the commission in $. The lesser figures are not going to be as attractive given that you will probably have to enter into the realms of pay per click as I have recently done, in order to make this pay.
%refd: X% and gravity: xxx. These are 2 important figures,the first being the % sales coming from affiliaites and the grav or gravity being a mysterious figure, arrived at by a mysterious formula but representing the popularity of the product with affiliates. Again the higher the number, the more popular but the more competitive.
So at the very least sign up with Clickbank, explore some of the products and I will write further tomorrow. I am off to examine my adwords account that I have paused because of a combination of a slight loss of bottle but more that I know part of it isnt working, so I have to fix it. You do learn by making mistakes in this game, but there is no doubt you have to take some action before you can make those mistakes. My advice has to be, get going with it.
Til next time
Jane
Topics: Internet Marketing, blogs |