How to Really Make Money with Clickbank
(This post follows on from an earlier post of mine Earning Money with Clickbank).
The following is the business model I use to make decent money every week with Clickbank.
I encourage you to read though the whole thing because this model works and has been proven over and over by myself and other affiliate marketers. While this model shows how to make money with Clickbank, the model can be applied to any other affiliate network or product (even a blog). I just happen to like Clickbank because information is one of the easiest products to promote and sell on the Internet.
Hit And Run Marketing Doesn’t Work
Most new affiliate marketers getting into the business do what I call hit and run affiliate marketing. It’s the model they’re all familiar with because it’s the one they hear about the most. The hit and run marketing steps goes something like this.
Select a Clickbank (or any affiliate) product to promote
Send traffic to the landing page with PPC/PPV
I’m sure you’ve all heard stories of affiliate marketers spending $10K a day to make $20K? It sounds great doesn’t it? The only problem is there are not many affiliate marketers who can do that. Also, those who are making a profit using the hit and run model are leaving a ton of money on the table.
Spending money on advertising to get one customer that you will never see again is one of the dumbest business moves you can make. That’s like a big department store spending $50K on a front page ad in a major newspaper to have those customers buy one item and then never visit the store again. They would go under in less than six months if that’s the case!
Another problem with the hit and run model is it’s not very stable. You have to keep spending money on advertising or the sales stop. You risk the chance of Google slapping your landing page because of a low quality score, you may run out of money tweaking the ads/keywords/landing pages, competition can drive up bids to the point where you can’t make a profit, the advertiser may pull the offer, etc.
Real Businesses Are Built On Repeat Customers
Too many people think of Internet marketing as a game. It’s not. It’s a real business and real businesses are built on repeat customers. A restaurant can’t survive with first time customers only. The Apple Store, or any retail store, would go under in no time at all if their customers visit the store once and never visit again.
If someone buys one Apple product, then they are likely to buy another product from Apple. The same thing holds true for affiliate marketing. If someone buys a Clickbank product from you, they are likely to buy another one. But that will never happen if all you do is hit and run marketing because you’ll never see that person again.
Repeat business is the key. It’s a lot easier and cheaper to market to a repeat customer than it is to acquire a new one. In fact, the average business spends seven times more in marketing to get a new customers, than it does to keep an existing one. When you’re doing hit and run affiliate marketing, what you are in fact doing is spending that 7x more money to acquire a customer for SOMEONE ELSE! Can you see now why most hit and run affiliate marketers don’t make money?
A Clickbank Affiliate Model That Works
My Clickbank business model is more complex than the hit and run model. It will require more work on your part but unlike the hit and run model, you will make way more money with it. Here are the steps.
Choose a series of Clickbank products in the same niche to promote
Create a free eBook about the niche to give away
Create a squeeze page offering the free ebook
Send traffic to the squeeze page
Capture the lead coming to the squeeze page
Deploy email auto responders with the Clickbank products
Watch the money rack up in your Clickbank account
The main difference between my model and the hit and run model is I’m building a customer base. Instead of sending leads directly to the Clickbank landing page to buy the product and never see them again, I send them to my squeeze page to capture their emails so I can market products to them for weeks, months and years to come. This is a far more powerful marketing method.
The Money Is In The List
It has been said many times before that the money is in the list but it bears repeating. The money really is in the list. All the really big affiliate marketers have huge mailing lists. And because they have huge lists, they don’t have to spend hundreds of thousands per month on advertising.
If you want to become a big Clickbank affiliate marketer (or blogger), you absolutely need an email list. That is your customer base. Without one, you’ll just be another hit and run affiliate marketer working for peanuts. Stop building other people’s customer base and start building your own.
Step 1 – Choose a Series of Clickbank Products
The first step to making money from Clickbank is to decide on the niche you want to target. Ideally, the niche should be a niche that you have a knowledge of and a passion for. If that’s not the case, then you can still make money with it but you wouldn’t have as much fun and to me, having fun is even more important than making the money.
The Clickbank Marketplace lists thousands of products for you to promote. You can sort search results based on commission, sales, popularity and a bunch of other criteria. I like to get a copy of the product before deciding on whether to promote it. You can either email the advertiser for a copy, or buy it from them and then get a refund if you don’t want to promote it. All Clickbank products are covered by a 60 day money back policy.
Step 2 – Create a Free eBook
The best way to make people give you their email address is to offer them something they find valuable for free. This is where the eBook comes in. You can write it yourself or you can use a PLR eBook. Personally, I recommend you write it yourself or hire out the writing.
The free eBook doesn’t have to be very big, 20 to 60 pages should do, but it does need to cover the same niche as the Clickbank products you plan to promote. This is why I said you should have a knowledge of the niche you plan to deal in.
Step 3 – Create a Squeeze Page To Promote The eBook
A squeeze page is a special kind of landing page that is created solely to act as an opt-in for information – primarily email addresses – from potential subscribers. When people visit my blog, I want them to subscribe to my email list. However, because there is so much to see and read, the number of sign ups isn’t as high as it could be. By creating a separate squeeze page, the email sign up rate can skyrocket. While I can capture maybe 5% of people visiting my blog, I have seen squeeze pages with conversion rate has high as 60%!
The easiest way to create a squeeze page is with OptimizePress. OptimizePress is a WordPress theme and will allow you to create custom squeeze pages in minutes. It is the best squeeze page theme there is!
Step 4 – Send Traffic To The Squeeze Page
Once the squeeze page has been created, you need to send traffic to it. The quickest way to do that is to use pay per click or pay per view advertising. However, that’s also the most expensive way. There are tons of lower cost or free methods for traffic generation. A little creatively can go a long way.
Try to think outside the box when it comes to traffic building. Instead of using PPC to send traffic to a squeeze page, why not set up a contest to give away a prize? Signing up equals one entry.. referring a friend equals another entry, and so on.