In another post I mentionedhow most affiliate marketers quit early on. According to the loosely available numbers – about 90 – 95% of ALL registered affiliates on ClickBank are not actively promoting anything.
Part of this is because there is more to getting started and making money than appears at first glance. The second part can be attributed to the fact that it’s difficult to start getting paid.
Making a sale
Three Reasons You Won’t Get Paid Your Affiliate Commissions
1. Your sale was refunded
Sometimes you will make a sale but the person refunds it. If you are offering a bonus when someone buys through your affiliate link it’s a lose lose for you. The person who buys will keep your bonus and request a refund from ClickBank. There are serial refunders out there that buy, upload to sharing sites, then have the audacity to request a refund.
2. ClickBank minimum sale threshold.
ClickBank requires a first time affiliate make 5 sales from a minimum of two different credit cards before they will pay you. This means you can’t get a commission on any first time buy you make either. This is to prevent folks from getting commissions who sign up just to make the purchase for themselves. It is also a good deterrent for spammers and one-offs.
3. Minimum dollar payout
Clickbank will charge you $2.50 on each payout. The lowest cheque they will write is for $10. They will not make direct deposits to your bank account until they have sent you a first payment cheque.
Why Affiliate Marketers Get Frustrated & Quit
Let’s assume that you did everything right. You have a blog, did a review on a good ClickBank product that matched well with your interests. You got some traffic and made a sale or two. But not 5. Maybe it was even for high ticket item that paid out $50 or more in commissions.
Imagine you have $100 or so sitting in your ClickBank account. You wait, no one refunds but STILL you won’t be paid because of reason #2.
If you don’t make any more sales after that ClickBank will start to eat the money back little by little. There is a “Dormant Account” fee that can be up to “…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.” ~ ClickBank Support
Now you have to watch your money disappear while you try and figure out HOW you made those sales.
Thats the downfall of buckshot marketing. Affiliate marketing requires good strategic planning and execution to work on a predictable level.
Getting Paid by ClickBank (Finally!)
A quick way to keep your ClickBank affiliate account from becoming dormant is to send out affiliate links to your family and friends and ask them nicely to please buy the thing.
This might be reminiscent of your Girl Scout Cookie days.
It doesn’t have to be an expensive product, just enough to fulfill the obligations required by ClickBank.
After you have jumped the hoops of 1, 2, & 3 above, you will get your commission payout as low as $10 whenever your commissions come due.
There are more ways to make money from ClickBank rather than just the one-off sells. When choosing products to sell from the ClickBank Marketplace you will find some with recurring income potential as well as upsells.
Another suggestion is to collect the leads yourself so you can continue to market to the people who clicked on your referral link. Offer a related ebook or video on the product you are promoting. Make sure your follow up sequence is geared to push people toward the product you want them to buy.
The simple funnel method works like this:
Once you collect an email you can continue to promote other products as well.
More on the Thank You Page Offer
The initial redirect the autoresponder will send your prospect to is the subscriber thank you page. This is the page that will tell them to check their junk for your offer, or that the thing they signed up for is on the way. You can design whatever page you want to.
This is the one time that you are certain they will see your offer. If you require a double optin (recommended) then even if they don’t open the initial email, they will still see your affiliate offer.
Other good things to put on the page is the request to follow or share on their social media, download a free trial version of something related to what you are selling, even to request more information like their name.
Bottom line – do your due diligence before you start to invest your time and efforts into promoting someone elses product.