ClickBank Experiment (Part III)
Today (now yesterday) was an exciting day for me! I’m pretty stoked. As you can see from the image (left, click to enlarge), today was my best day on ClickBank ever at $122.72. 
Previously, I’d set a goal to reach $100/day by the end of this month but I felt like taking a few risks yesterday, and I managed to accomplish it over night. My next goal, after I test the $100/day goal for a few days is to get to $200/day. In fact, here are my adjusted goals in sequence:
- Reach $100/day by 02/05/2007
- Reach $200/day by 02/15/2007
- Reach $400/day by 03/01/2007
Oh yeah, baby.
As you can see, I’m no longer being moderate with my campaigns. I’m moving into aggressive mode, because I’ve developed a crazy method with a friend of mine to optimize the campaigns for the products we sell. We have definitely found a formula for success. As with any business, the goal is to maximize profit while minimizing cost and we’ve figured out an awesome way of doing that.Unfortunately, I can’t give out this information but I will say it has to do with keyword optimization. 
In fact, the information we’ve learned is so priceless that we will begin marketing it in the not-too-distant future after we’ve done plenty of testing and make sure the system works like a formula should.
I don’t know whether it’s been luck that I’ve been so successful or if it’s the fact that I had related knowledge entering into the business, but I do know that I am unbelievably thankful that all of this work is finally paying off and by the end of this year, I could very well be on my way to being a very rich kid. I won’t tempt fate too much, but I will say that the future is looking bright ahead.
Aside from all the sunshine and butterflies gobbledegook, I have been working tirelessly in my spare time to optimize and narrow down the right keywords for each campaign. I’ve been doing tons of research on the topics I’ve chosen, and although I am finding loads and loads of information, it’s very draining.
Also, as of late I’ve been receiving a lot of requests for help and advice from newbies who want to know how they should enter into the ClickBank business. I would like to say to all those interested in receiving advice from me that I am very aware of the fact that I am new in the business! I haven’t even been doing this stuff for a month yet, so I haven’t quite settled into any position of “expert” or even “moderate.” I would still call myself a novice. Perhaps when I get to the “moderate” level, I will start dolling out advice but for now, all I can do is help people by giving them simple advice and tools I’ve found to be useful along the way.
Advice
My advice to anyone who wants to start out is to do research and LOTS of it.
- Forums - Search the forums (like DigitalPoint and Webmaster World) for hints on what other people are campaigning for and how they’re optimizing their campaigns for more sales per click.
- Ads - There is a ton of information I’m finding online for how to phrase ads to get more clicks. Be careful though, don’t focus entirely on getting more clicks in general. Instead, focus on getting more “interested” clicks, therefore increasing sales.
- Keywords - Also, I won’t go into too much detail here, but think outside the box when it comes to keywords. Don’t gun for the ones everyone else is using unless they bring you a high ROI. I recommend going with the fishing net theory on this one– use a ton of related keywords and figure out which ads work best for you.
- Math - Use math to your advantage. I’ve been reading and hearing a lot about people losing money because they don’t do the right math when making ad campaigns. If your product brings you $25 per sale and it takes you 100 clicks to make a sale, do NOT spend more than $0.25 per click. If you bid $0.31/click and you make a sale on your 100th click, you may have gained a sale but you lost $6 in the process. However, if you haven’t had ANY sales, you may want to increase your cost per click to increase your click through ratio as well as figure out how many clicks it takes to make a sale in the first place. Only then can you accurately gauge how many clicks it takes to make a sale.
Tools
What would we be without tools? Monkeys!
- Google AdWords Keywold Tool - Use this to generate tons of relevant keywords for your ads. If you haven’t found this one yet, you aren’t in the loop and it’s a good sign you need to do more research. In addition to generating keywords, you can also use this tool to accurately predict how much you will have to pay per click for a keyword. Priceless, really.
- Google AdWords Editor - Software for Windows or Mac that allows you to manage your AdWords campaigns/ads from a program that runs on your desktop. This is excellent if you don’t want to go through the trouble of logging in or dealing with a web browser.
- Overture Keyword Selector Tool - Use this tool to get a good idea of which keywords will bring you more hits than others and in parallel, figure out which ones will cost you more!
But of course, don’t stop there. There are tons of tools available to you if you just SEARCH for them. Google is at your service!
For now, I am off to go work on making more money. Good luck on your own business, and wish me luck as well!
Thanks,
Scott
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congrats hope it ignites :] btw when you coming to visit?
[...] After reading all this and seeing the money that can be earned with some meaningful (as well as enjoyable and educational!) effort, I decided to give it my own try. I previously put together a bit of code that I previously intended to use for my 30 Day AdSense Project. However, with that project postponed, I decided this would be a good opportunity to put that code as well as the site’s intended content to use. [...]
Scott,
Very good post and good information. I am new to affiliate marketing and so far have lost $500 trying different ads, adwords, you name it and I have tried it but so far only one or two sales and lost about $500. Any further advice of yours would help as to which area to focus on on clickbank. When I create an add without landing page my CPC has now gone up to $10 per click on google which is ridiculous, dont know what to do about that. Did you create any landing page ? and did you see any better success and lower CPC ? please help, any pointers are appreciated. my email is included you can contact me directly.
Hey, It was very interesting reading through your 3 posts so far on affiliate marketing with clickbank.
Very good job for only having been at it for a couple of months.
My advice for anyone else is pick something and stick to it. It is so easy to get drowned in internet marketing options.