One of my subscribers had bought a product about affiliate marketing, and I bought it at his recommendation. The next day he asked me: “He doesn't even mention Clickbank. What are your thoughts on that. Is Clickbank good or bad?”
The Question Is Not As Simple as Clickbank Being Good or Bad
For an affiliate, several things are important:
- The vendor's reputation.
- The product's quality and usefulness.
- The sales page's conversion.
- IF you get paid.
- When you get paid.
If you can think of anything else I've forgotten, please let me know in the comments.
Back eons ago, each vendor would run his own affiliate system, and as an affiliate you didn't simply earn 50% of a product's sales price, you would receive every second payment. Because that's what the technique back then could offer.
A product creator still “owes” me $100, because I sold one license of his $197 product but failed to sell the second, and now the product is hopelessly outdated.
Things got easier when platforms like Clickbank, WarriorPlus, and JVZoo popped up.
Those platforms take care of the last two issues on my above list – the IF you get paid, and WHEN you get paid.
You simply add your name and how to receive payments when you sign up for those platforms.
When you pick a product that's sold through one of these platforms, your payment doesn't depend on selling more than one copy. If you earn a 50% commission, you get 50%, even if you only sell one copy.
Whether You Use Clickbank, WarriorPlus or JVZoo, You're Mostly Safe
Under normal conditions, you will get paid.
WarriorPlus is mostly for money-online products, Internet marketing products. JVZoo is mostly for software, but also for products for health and other stuff. Clickbank can be anything. Dog training, guitar courses, health, wealth… They are the most varied of the platforms.
Now, let's look at the last issue on my list, because it has perhaps more importance than you think.
When Do You Get Paid?
If you're a new affiliate, you will rarely get paid instantly. You will typically have to wait 30 or 60 days.
Are you promoting something on WarriorPlus? Good. They'll save the money for you and you can withdraw your payment after the delay.
If you're promoting something on JVZoo, they will let the vendor know that they have payments to make, and then hopefully the vendor pays you. You have no guarantee here.
Clickbank never pays out instantly. You will always have to wait 60 days, but after that delay, they'll pay you automatically.
Other Differences Between Clickbank and WarriorPlus/JVZoo
Clickbank doesn't use PayPal to pay you. You will either receive a check, or you can get paid through Payoneer. I used to receive checks until Payoneer came about. I've lost checks in the mail, and I've paid fees for currency exchanges and for the lost check. It saved me a lot of money, when I could use a debit card from Payoneer instead, and it costs nothing to create an account there. On the contrary. You'll receive $25 as a reward for your first $1,000 income, when you sign up through my link.
WarriorPlus and JVZoo will both pay to your PayPal address.
When you find a product you want to promote, and it's on ClickBank, you simply use the affiliate link they give you. You don't have to be approved by the vendor, and there's no waiting time.
If, on the other hand, the product is on either WarriorPlus or JVZoo, each vendor has to approve you, and each of them can decide whether to refuse your request, or to allow you to promote with delayed payment or instant payment.
Conclusion: Is Clickbank Good or Bad?
You can't really say, can you? They are good in the way that you'll get paid if you've promoted and sold a product. They are good in the way that you don't have to request permission to promote every single product. But they are bad when it comes to instant payment, because that doesn't exist. Not even for the vendors. They too have to wait 60 days to get paid for their sales.