My success with affiliate marketing with clickbank is really embarrassing. It’s not that I didn’t make money…
At a matter of fact, I did make money…but not life changing money.
And what more interesting is what clickbank did to rob a “poor man” of his hard earned affiliate cash and I will tell you what happened here.
HOW TO MAKE MONEY ONLINE AS AN AFFILIATE
There are many ways to make money online and one of them is as an affiliate marketer.
If you have a blog or website, you can promote affiliate products on your site. In addition, if you have an email list, you can promote affiliate products to your email list as well.
The advantage of being an affiliate marketer is that you don’t even have to create the product, you just promote someone else’s product and get paid an affiliate commission( usually a % cut of the sales price).
So one point in time (don’t know exactly when) but I read about online entrepreneurs making a lot of money as affiliates in clickbank, and I licked my lips when I saw such screenshots like these:
Holy mother of Anaconda! How did they makes so much money like that?
Anyway, I thought :”what the heck, I can do the same, I thought. And so I gave it a crack!”
MIXING MY ADSENSE SITE WITH AFFILIATE MARKETING
and I was earning a decent amount of money (not life changing though), so I thought I’d throw in affiliate marketing into the mix and maybe…MAYBE…this would increase my online income.
So what I did is went over to clickbank marketplace, found a product in my niche that would fit perfectly with what was in my site and placed its clickbank banner add on my site.
Did I make some sales?
Yes I did…only two sales.
Did I make a LOT of Money as a clickbank affilaite? NO!
But in the end, clickbank “stole” all the money I had made that was in my clickbank account.
CLICKBANK STOLE MY AFFILIATE COMMISSIONS
You see, my affiliate marketing success was measured by the $56.18 dollars I made.
You know…I was pretty stoked (if you don’t know what stoked means then its “excited”).
But as months went on, no more affiliate commissions came and I pretty much gave up and removed the affiliate banner on my site which I stuck in a prominent position on my website to get more visitors to see and click and hopefully make a purchase.
Well, I thought I had that $56.18 still in my clickbank account because I set my threshold limit to $100 and since I have not reached that clickbank minimum payment threshold limit, I could not be paid yet.
Imagine the shock I got when I logged into my clickbank account to see I had $ZERO shown on my “NET BALANCE” column?
This shown below is my clickbank account screenshot (It’s pretty embarrassing, insnt’ it?):
So what happened here?
I didn’t know until I researched it online and this is what I found out about why clickbank does this: it was to do with the minimum threshold limit I set in the first place.
Let me explain…
The culprit is the clickbank minimum payment threshold… this is where you can find yourself actually paying money to Clickbank if you don’t have it set correctly.
When you set up your account as a clickbank affiliate, you’ll need to specify a number of things, such as your name, your address, your tax information and how you’d like to be paid.
One thing that I overlooked was the minimum payment threshold. This is shown in a pulldown menu that is set, by default, at $100.
I just left it there, but you can actually choose one of 15 different settings that range from a low of $10 to a high of $1,000,000.
Yes, that last setting is one million dollars. The higher the setting, the longer you’re likely to go without getting paid, and that can cost you money in Clickbank fees.
That minimum payment threshold determines the minimum amount of money that you must have in your account balance to get paid.
If you have it set to the default of $100 and at pay time, you only have $98.50 in your account balance, you’re not going to get paid.
Two weeks later, Clickbank will check your account again, and if your balance is over $100, you’ll get paid. If it’s still $98.50, you won’t get paid. Again.
This can turn into a problem for people who only occasionally promote Clickbank products or who only make the occasional sale.
READ THE FINE PRINT!
Buried in the fine print of the user agreement is this statement:
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. It is your responsibility to manage your account to prevent dormant fees. ClickBank will not notify you when your account is dormant.
Ahh…There you have it! That’s how clickbank stole my money.
Now I know better!
So if you have some money in clickbank account and you are not making any regular sales and your minimum payment threshold has not been reached yet, clickbank is definitely stealing your money.
And while they are stealing your money, they will not even have the balls to tell you (which is so easy these days) that they are stealing it! (Read the find print: ClickBank will not notify you when your account is dormant.)
You better check and change your minimum payment threshold and stop this crap that clickbank is doing.
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