Using Clickbank to Put Your Profits on Autopilot
To REALLY start making money with the least amount of effort, a great tactic is to "put your profits on autopilot".
By that I mean, you need to take the steps necessary to automate as much of the whole buying and delivery process as possible. This includes:
- Accepting Payment
- Giving the product
- Receiving your payment
- Paying affiliates
A great way to do this when starting off is with Clickbank. They automate each of these steps for you. This can eliminate a lot of extra work for you. Done properly, you can start setting up multiple money making sites which is the next best thing to having your own money machine.
Basics About Clickbank.
- There is a one time $49.95 startup cost to become a selling merchant. (Note: there is no fee to sign on as an affiliate to sell someone else's product).
- There is no monthly fee. Only a $1 + 7.5% fee for every sale. So you only pay them when you make a sale.
- They also charge you $2.50 for every check they send you. You can tell them to only send you a check when your balance reaches a certain point. For example "When my account is $250, then send me a check". This can cut down on smaller checks incurring the $2.50 charge each time.
How Clickbank Helps You to Automate The Process
After opening an account with clickbank, you can set the prices on up to 50 different items you want to sell. Clickbank then gives you the link to put on your sales page so that people can pay for your product. They can pay by most major credit cards or by personal check. Giving the product As soon as payment is made, they are directed to your "Thank you page" which explains how they are going to receive their product. If you are smart you will also send your new customers the "Thank you page" instructions via email. In case they happen to have problems with the web page, they will have the same info in their email. This will save you customer service issues as explained in depth here.
Receiving your payment You will instantly get an email from clickbank telling you that a purchase has just been made. Your online account with clickbank will also immediately reflect this new purchase. Every two weeks your checks will get sent out to you.
Paying affiliates Clickbank makes it very easy for other people to sell your product for you in exchange for a commission. You set what the commission level should be for each sale they generate for you. The Clickbank affiliate program is a HUGE benefit of using them. There is a lot of logistics involved that they handle completely for you. The make it very easy for people to sign up and start selling your product for you. TIP: You should be as generous as possible so that you are motivating these people to sell as much of your product as possible. It is common for some of the biggest names in internet marketing to offer 50% to affiliates. This creates a very strong desire for people to help you succeed. Drawbacks of Clickbank Clickbank is not for everyone. In particular, only people selling digital products can use Clickbank. They can't be set upf for accounts which deliver hard "real" goods. Some people may question the fee that Clickbank charges, but it is well worth it when you are first getting started. If you stop and think about how much they do in return for their fee, it isn't a bad deal at all. Multiple Streams Of Income Don't be quick to discount adding another stream of income to your online business. Even if you have a well established product or service, you may be missing excellent opportunities to adding another stream of income. I would much rather have 12 products making a $1,000 a month than one product making $12,000 a month. You are in a much less vulnerable place with multiple products out there. The fantastic thing about it is that it is very easy to put a stream of income on autopilot and then move onto the next one. Every month you benefit from the sales of each of the streams you have built up. When you have set things up to be as automated as possible, you are not being limited by having to provide your time to fulfill these orders. The whole process from start to finish is automatic, you simply collect the money.
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