ClickBank (CB) is one of the oldest and most successful affiliate marketing places online. Many recognized information-selling gurus got their start there (like Frank Kern) and most Internet money-making info programs are run through CB.
Folks bring their online learning products and programs to be presented and picked up by affiliates who try and sell them. And today some 1.2 million hopefuls are affiliates, hoping to sell these products to others. They earn 30-75% of the selling price. I’ve used CB on and off for almost two years. Very good service.
But there’s one little detail that no one selling anything there will ever tell ya...because it’s pretty bad. But I will tell you now.
ClickBank’s Vice President recently gave an interview and reported these numbers about his company (was in an email from Joel Comm):
[fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][BTW, the “success” numbers cited for CB are the same as those for Excel Communications in November, 2004. That was a very successful looking MLM on the outside. I know because I’d worked with them for eight years. In bankruptcy court the true earnings numbers came out – provided by the company. See here.
1. Clickbank has 1.2 million affiliates (folks who signed up to sell other people’s how-to products and programs online).
2. Only 10.9% of the affiliates – 110,000 – make at least 1 sale every 3 months. That means the great majority – 1.09 million of the 1.2 million – don’t make any sales at all. So of course they make no money either.
3. Of the 110,000 who make at least one sale every three months, only 1% of them – 1,100 – makes enough money (doing affiliate sales with ClickBank) to earn a living. Not millions – just a living. Almost NO ONE makes any money from their money making programs.(!!) Of course we know who does, don’t we?
Are those numbers any different for any well known money-making (traffic generating/niche or Google domination) marketing program on line today?
Anyway, if you’re tempted to buy this week’s “how to make money, build a huge list, dominate your niche, get ranked on Google etc.” because, God knows you DO need and deserve the money, you will likely be happy you passed.
P.S. An alternative to more money? Stop spending it. Especially spending money you don’t have (credit card money). Keep what you have. Protect it. Nurture it. I’m doing the new 5 and 5 wealth attraction experiment. You coming? No cost. Ever. Just you building up your own strength and your own power to give.[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]
The Internet is like the ocean, it's huge. The odds are against someone finding your website online.
Even then, your website needs to be set up so there is a chance for some sort of conversion or sale.
It's a tough row to hoe. Yet, the 'make money online' gurus send the message that anyone can do it. Sound familiar?
Eat Well. Live Well.
Thank you, Kim, for the insight and statistics. We're bombarded with "gurus" and of course, everything sounds so enticing. I appreciate you taking the time to share and educate.
The numbers are also consistent with Arbonne, http://www.bizop.ca/blog2/due-diligence/arbonne-how-much-money-can-you.html
Wow, Kim, those are really eye-opening statistics. I had no idea it was that bad. I do have a Clickbank account … but, have never made any money there either. Now I know why. I'll be sure and pass this on.
Thank you for always being on the ball!
Paul, I've always likened the Internet to the sky . . . vast and never ending.
Kim, JUST this week I came across a free ebook that revealed similar stats . . . "Over 90% of ClickBank affiliates are INACTIVE." More importantly, however, is the reason, and it's in Clickbank's accounting policy. I'm pretty certain many affiliates aren't aware of it, and even if they are, they have no idea how to overcome it. That was me, but now I know.
No Job, No Worry
Thanks. Still, no matter the accounting, the inactives are making no money. They've quit.
Not because they're bad people. But because they were convinced by the sellers that it would be a lot easier than it was. That all they have to do is follow certain steps.
But that is never all there is. We've all learned that the hard way…Think?