Finding a reliable source of side income is practically a “must do” these days. Of course, you may be daunted by the idea of setting up a business, creating a product line, finding a pool of customers, and marketing your product.
The fact is, you can get by with the bare minimum. (I’ll give you a [...]
Finding a reliable source of side income is practically a “must do” these days. Of course, you may be daunted by the idea of setting up a business, creating a product line, finding a pool of customers, and marketing your product.
The fact is, you can get by with the bare minimum. (I’ll give you a simple way to come up with blockbuster product ideas in a minute.) And in about 5 minutes, you could have access to an army of salespeople eager to work for you.
I’m talking about selling a digital product on ClickBank. Here’s how to get started.
You can write an e-book or develop another type of digital product (software, tutorials, an e-mail newsletter, or video instruction, for example), post it on ClickBank, and generate residual income for months, years… even a lifetime. (Or as long as ClickBank stays in business!)
In 2001, I developed a digital product that is still generating residual income on ClickBank. I receive a royalty check from ClickBank for this product every month. (And that’s not the only digital marketplace I use.)
With ClickBank, you have access to more than 100,000 affiliates who can sell your product for you. And the best part is IT’S EASY!
If you develop a product that resonates with the market – i.e., people buy it – there’s a good chance ClickBank affiliates will be attracted to it and start selling it to their own subscribers, members, and website visitors.
How do affiliates find your product so they can start selling it? You don’t have to worry about that. ClickBank affiliates are a savvy bunch. The most successful ones are constantly scouring ClickBank for the best and most profitable products.
But that’s not all…
You can “jumpstart” the process by advertising your product in ClickBank, hundreds of other digital marketplaces, or on Google, Yahoo! and MSN (to name a few places).
You see… popular (bestselling) products also “move up in the rankings” on ClickBank.
It should be no surprise that the ClickBank program has one of the lowest attrition rates in the affiliate business. The entrepreneurs who sign up as ClickBank affiliates tend to stick with it. I think the main reason for this is because ClickBank pays their affiliate commissions accurately and on time.
Here’s what a typical ClickBank affiliate payout looks like:
Product – Yahoo Cash 4 Idiots
Sale Price - $77
Affiliate Commission – $40.69 plus 60% commission ($40.20) on back-end product
Another reason the ClickBank affiliate program enjoys such a low attrition rate is because it’s so damn easy to make money with it.
So why not consider developing an e-book or digital product to generate residual income on ClickBank?
The best way to research and/or develop a saleable product is to STEAL IT!
Well… not exactly steal it… but COPY one of the products that’s already being sold successfully on ClickBank. I’m not talking about word for word plagiarism. I’m talking about copying the “Big Idea” of the product and putting your own spin on it.
Search all the ClickBank categories and study the most successful digital products. Order a few of those products, too. This is the best way to save time and start making money, because you won’t have to reinvent the wheel. You can also hang out on the ClickBank blog. You’ll learn about the best strategies and products right from the horses’ mouths (ClickBank staff and Super Affiliates).
As for determining what kind of commission to offer affiliates… again, copy success. What are other publishers and writers offering them to sell similar products? Maybe you could offer more. Or maybe less.
When you work with ClickBank, you’ll be in control of your product and retain a lion’s share of the profits. You can earn residual payments for weeks, months, or years down the road – just by submitting one e-book to the ClickBank Marketplace.
And just imagine what would happen if you submit two e-books – or more!
It’s easy to get started. Simply create an e-book based on your area of expertise. (You may want to do a bit of research first, to discover the types of products people want to buy.) To get a good sense of what’s selling on ClickBank, check out its marketplace – where ClickBank offers all the products it has for sale. You can identify the most popular products by sorting your searches by category. (ClickBank also allows you to sort the results based on other criteria – for instance, the number of affiliates who made money on a particular product in the last 30 days.)
Once you’ve got a digital product to sell, simply visit ClickBank and click “Sell Online.” The instructions for getting started are easy to follow.
By Marc Charles
[Ed. Note: As “King of Business Opportunities” Marc Charles points out, starting a side business doesn’t have to be expensive or even time-consuming. If becoming a digital entrepreneur doesn’t appeal to you, no problem – Marc seeks out easy-to-start side businesses with high profit potential each week in the Liberty Street League.
This article appears courtesy of Early To Rise, a free newsletter dedicated to making money, improving health and secrets to success. For a complimentary subscription, visit http://www.earlytorise.com.
2 your learning success, Dirk
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