Lesson 3 – Quality of Clickbank Products
How to know whether the product in Clickbank is a good quality product?
Well, one way is of course to buy and try it yourself for your customer’s sake.
Another way is to research on the product, look for feedbacks of the product, search engine provides you the service you need to do that.
What if you do not have so much money to spend to buy the product? or You want to know the quality before you buy it and try it yourself?
Determining the quality can be done by calculation the percentage of refund rate of a product. Logically when one product has a high refund rate, it means that the product is absolutely crap (when the product has a refund rate higher than 16 percent.)
How to calculate the refund rate of a product?
Wealthy Affiliate University provides that tool, Clickbank Refund calculator, which is very easy to use. There is one manual way to do that as well. OK! pay attention.
Take one example:
Product X price: $49.95
Affiliates earn $33.96
Earned per Sale : $23.73
When you calculate your 75% commission, your calculator should show you 37.46, instead it says affiliates earn $33,96 only, why?
You have to pay attention to is the Clickbank commission, which is 7,5% + $1.
Calculate it with the product price: it takes you to approximately $4.75.
Now the actually accumulative profit for affiliates and the merchant is $45.2.
Affiliates earn : 75% from $45.2, which results approximately $33.96
Earned per sale is only $23.73, which affiliates will earn for each sale, where has the rest $10.23 gone?
It goes to the refund.
Calculate the refund rate:
$10.23/ $33.96 X 100% = 30.1% refund rate.
It means that this product is not very good in quality.
Let’s take a look at a product named Beating Adwords, which created by Kyle & Carson about secret Adwords formula that will allow you to promote any product you want, under any keywords, for lower than any other advertiser.
Beating Adwords sold for $97, which has an earned per sale of $44.42. When you do the math it means virtually no one refunds the product.
Conclusion:
Refund rate formula :
- full commission = product price – $1 – (7.5%*product price)
- affiliate earning = full commission x commission percentage
- refund rate = (affiliate earning – earned per sale) / affiliate
Clickbank tools:
There are so many tools provided in wealthy affiliate university as you can see the list above. Not only the tools there are advices and critics from experts, which are the best in wealthy affiliate.
CB Elite
CB Elite is a collection of tools that will help you save your time to find hot products to promote, stop comission theft in its track, and replace your google adsense with CB popular ads in a box like google adsense, PLUS many giveaway bonuses after the purchase.
Credited this article to: Kosasi
Other Clickbank Tutorial Lessons:
- Lesson 1 – Registering Your Account in Clickbank
- Lesson 2 – Getting to Know Clickbank
- Lesson 3 – Quality of Clickbank Products
- Lesson 4 – Profit tips for Clickbank Affiliates
- Lesson 5 – Examination Phase
Tags: article, clickbank, fund, google, income, keyword, money, search, Search Engine, tip, tips, tool, tutorial
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