Today we would like to share another method of earning money online, which is selling your products online in marketplace. This method very similar to eBay, Lelong and Amazon, but they don’t have auction. All products are fixed price.
ClickBank offer 2 kind of programs, which is :
- Affiliates – You help vendors to sell products
- Vendors – You sell your products in ClickBank
Let’s start with Vendors
- You have to pay 1 time activation fee USD $ 49.95 (~ RM 165).
- More than 100,000 active affiliates in 145 countries, mean you have a lots of peoples are helping you to promote your products
- Sell your product in English, Spanish, French, and German
- You can sell recurring billing, subscription and membership products which give you recurring sales and earning.
- You can sell 1 time products without recurring and earn in every single sales.
- You set the % or fixed amount of commission share with affiliate who is helping you to promote and get sales. The higher commission pay the higher attraction for affiliate to help you to promote.
- Other vendor charges :
No Monthly Fee.
USD $ 2.50 (~ RM 8.50) payment processing fee for every payment issue to you.
ClickBank charge you 7.5% + USD $ 1 (~ RM 3.30) for every sales made.
Dormant account fees *
Chargeback if any revoked sales – from USD $ 18 (~ RM 59.50) up to USD $ 100 (~ RM 330)
Example of Vendors transaction:
Product sales for USD $ 100
Commission for affiliate USD $ 30 (fixed amount)
Total earning you will receive after minus all charges :
USD $ 100 – 7.5% – USD $ 1 – USD $ 30 = USD $ 91.50 – USD $ 30
You final amount if USD $ 61.50.
For affiliates :
- You earn commission by promoting the vendors’ products and get sales.
- You commission is either % of total sales or fixed amount.
- Dormant charges* , if any.
Beside that, you can also referral new vendors and affiliates and earn referral commission from ClickBank :
- Earn 20% of vendor activation fee USD $ 49.95 – USD $ 9.99 (~ RM 3.30).
- Earn 5% of ClickBank charges (7.5% + USD $ 1) – around USD $ 0.09 to USD $ 0.99.
Can I have both Vendors and Affiliates account ?
Yes, you can. Both are in same account. You will sign up as affiliate, then go to vendor page and pay activation fee to become vendor, if you want.
What is Dormant account charges ?
Accounts with a positive balance but no earnings for an extended period of time are considered dormant. Dormant accounts are subject to a charge of $1 per pay period after 90 days of no earnings, $5 per pay period after 180 days of no earnings, and $50 per pay period after 365 days of no earnings.
Payment Method of ClickBank ?
ClickBank accept Credit Cards and PayPal in vendors sales. And ClickBank pay affiliates and vendors via Check and Direct Deposit (certain countries).
ClickBanks pay you twice monthly of once per 2 weeks. Minimum payout is USD $ 10. However, please remember the USD $ 2.50 processing fee.
Our Comment :
ClickBank offer huge opportunity for you to make sales and earn money, but you need to promote it smartly, otherwise your account will become dormant account and all earning will be forfeited a little by a little until USD $ 0.
ClickBank seems to be money hunger, high transaction fee (7.5% + USD $ 1) and even payment also charge USD $ 2.50 processing fee and charge dormant account fee.
Another hidden condition from ClickBank are as follow :
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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.
This requirement is in place to help prevent Affiliates from abusing the ClickBank Affiliate program by using their accounts for the sole purpose of fraudulently collecting rebates and/or discounts on their own purchases.
Once you have met the Customer Distribution Requirement, your account will begin issuing payments normally, in accordance with our Accounting Policy, beginning on the next payment issuing date.
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You can try ClickBank and decide whether ClickBank is your cup of tea or move to another program.