With this ClickBank review, I will overview everything important about the network to determine if it is worth the time and effort or if it is not something worth pursuing. ClickBank is one of the globally leading marketplaces for both affiliates and vendors and was always the top to-go-place for many years, is this still the case?
Before we continue, do you use ClickBank, or used it in the past?
Please be so kind as to tell us about your experience in the comments to prevent this review from being one-sided as this will help others to make a more informed decision.
What Is ClickBank?
ClickBank is an online marketplace that connects both affiliates and vendors, vendors being the ones to create and sell products/services, and affiliates being the people who then promote the products/services in return for commissions. With everything ClickBank has to offer, reliable tracking and payouts, secure payment processing, global presence, extensive affiliate network, and so forth, you can’t go wrong.
What Does It Cost?
ClickBank itself is completely free to join, but they do however have a few fees that need to be paid before payments are made.
There is a one-time activation fee that will need to be paid before one can start listing products. The rest of the service fees and so forth are listed below.
Payments, Payment Methods, and Fees
How do I get paid with ClickBank?
Check: ClickBank mails a paper check to an address of your choice.
Direct Deposit: Within a few select countries payments can be directly deposited into your bank account.
Wire Transfer: For countries that don’t do direct deposits, payments can be wired to you.
Payoneer: Payments are made via a Payoneer account.
Payment Amounts and schedules
The threshold amount (The smallest amount of money that needs to be reached before payment can be done), is set by you, in other words, you choose how little you have to earn before payment can be made, whether it be $10 or $ 1,000,000.
ClickBank allows its members to choose when they are paid, either weekly or every other week (once every 2 weeks). Payments are however only done on Wednesdays.
Fees and Payments
There are a few fees that will be debited from your accounts, such as refunds and charge-back fees.
The following fees will need to be paid before payout:
- A $2.50 processing charge with every cash-out
- A $0.50 to $1.00 return fee
- Refund Charges
- Debit Backdating
- ClickBank takes 7.5% of the cost price plus $1. (If the product costs $50 then $4.75 charge)
- The Commission fees are redacted from the price.
Other things to consider
Payments are withheld if you do not have at least 2 sales made using the following payment methods:
- Carte Bleue
- American Express
- Diners Club
- ELV (European Direct Debit)
For those living in the U.S., if you make more than $600 in commissions, then 1099 forms will be sent out.
What About a Money-Back Guarantee?
A Money-back guarantee is not needed as it is free to join and become a member. Fees and payments are only taken or redacted once you start making money, other than the activation fee of course.
Nonetheless, they do have refund policies for those purchasing products from the marketplace, however, do make sure to read these policies before purchasing as they can and do differ depending on the product, vendors, and to a degree even the affiliates.
Scam or Legit?
The program is most definitely legit, for a multitude of reasons such as the fact they have been around for decades, and have millions of users, both vendors and affiliates alike. They even have a training program Spark by Clickbank.
Hundreds, if not thousands of products are sold in the marketplace to clients all over and they always deliver. Now do keep in mind that ClickBank itself is not responsible for the vendors, and as such quality of products and so forth rely solely on the vendors themselves.
What About Support?
24/7 Support is offered by Clickbank to their affiliates and their vendors. Getting information can be done in a few different ways including FAQ Pages, customer service lines, and so on. The customer service line is especially helpful to customers.
ClickBank Review – Pros
- High commissions are offered to their affiliates with some going as high as 75%.
- Signing up and getting started is easy and straightforward.
- A Bunch of different languages is available to include everyone.
- They have a rather convenient payment schedule.
- The amount of products they have is astounding and everyone is bound to find something.
- Massive amounts of money can be earned via ClickBank.
- Products from Clickbank are some of the most profitable and highest converting platforms that there are in the online industry, not to mention a relatively good reputation.
- A boatload of helpful articles is offered to both affiliates and vendors.
- A separate program, Spark by ClickBank an affiliate training program, is available to affiliates and vendors of all levels.
- The email support is not the best quality and can be a bit slow.
- With the massive amounts of products available, it is bound for some of them not to sell.
- Some of the niches have a hefty amount of competition.
- ClickBank is unfortunately the home of get-rich-quick products. Always make sure to do the proper research beforehand when it comes to promoting money-making opportunities.
ShareASale– A bit difficult for newbies to join but awesome products are available.
CJ Affiliate – Difficult to join and get approved by vendors but a huge variety of quality products.
Digistore24– 100% Newbie friendly. Easy to get approved by both the Network and Vendors.
Clickbank is a great place to start if you are fairly new to marketing, whether it will be as an affiliate or a Vendor. Affiliates should always make a point to do some decent research on the products that they plan to promote. Use the statistics that are available to you and browse around Google to find out if the product has a good or bad reputation.
Make a point to test products before you start to promote them. I usually test Clickbank products on my social networks first to see if it has a positive or negative impact on individuals. You can also email a few friends or even get friends and family to give you their honest opinions before you implement your marketing strategy. Remember everyone is different and what you might see as a great product might just be a lousy one for others.
Being a successful affiliate has been awesome, but a successful vendor is way better!
Clickbank makes it super easy to get your own product online and literally puts it in front of thousands of affiliates who are skilled enough to make tons of sales. Most people think that their only option is to become an affiliate and promote the Vendor’s product. If you have skills or knowledge that others can benefit from – then why not create your own product?
Well, this is it for this Clickbank review then, thank you for stopping by. Please do not forget to leave a comment with your own opinion regarding CB, it would be much appreciated.
Thank You and Have Yourself an Awesome Day!