Penny Stocks clickbank product --- a few questions

14 replies
I'm in the early stages of coordinating a clickbank launch for a penny stock service with several up-sells). I think it will do well because it basically exposes how everything else in penny stocks is a scam and how to profit from all the industry B.S.

Basically I'm taking a revolutionary approach to selling a penny stock product because it's based on the brutally honest truth about how penny stocks work.

A few questions:

(1) What's the most attractive price point for affiliates (I give 75% commissions). Is $97 the norm to charge for the initial sale? What about charging $297, or charging $47, would either be a deterrent for affiliates?

(2) Should I go 100% video or video + long sales letter?

(3) Also, once I finish the copywriting & all designs / affiliate pages..... what's the best way to connect with big potential JV / affiliate partners?

I'm working diligently on building everything out, but I'm in no rush to launch. Would not mind having 3-4 month "pre-launch" time if that's what it takes to get connected with the top affiliate partners.

Could anybody help me and explain (1) through (3) above?
#clickbank #penny #product #questions #stocks
  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by 7BigTrades View Post

    (1) What's the most attractive price point for affiliates (I give 75% commissions). Is $97 the norm to charge for the initial sale? What about charging $297, or charging $47, would either be a deterrent for affiliates?
    There's a big spread. There isn't really a "norm".

    $97 or more will perhaps attract some serious, professional affiliates (assuming the sales page, product and other criteria are suitable, obviously). More than $47 will, anyway. A $97 price-point will actually deter many affiliates, but from your long-term perspective, they'll all be among the 90% of affiliates who'd produce 10% of your sales, not the 10% who produce 90% of them. My guess - other things being equal - is that you'll attract fewer but far better affiliates with a $97 price than with a $47 price.

    Charging $297 is a whole different ball-game, and there may be some affiliates interested at that price - especially with 75% commission - who wouldn't have been interested at $97.

    If you don't have some history of doing business with ClickBank as a vendor, they almost certainly won't accept anything over $100 as a "first product" price, anyway (apologies if you already knew this!).

    (As you probably know, you have at least one fairly direct competitor who pays 100% commission on $97.)

    Originally Posted by 7BigTrades View Post

    (2) Should I go 100% video or video + long sales letter?
    100% video may lose the interest of many/most serious affiliates.

    Video + a long text sales page will lose some. A small video without autoplay may cost you fewer affiliates.

    Text only will lose very, very few - possibly even none.

    "Them's the realities".

    Originally Posted by 7BigTrades View Post

    (3) Also, once I finish the copywriting & all designs / affiliate pages..... what's the best way to connect with big potential JV / affiliate partners?
    This is for others to answer, not me.

    Good luck!
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    • Profile picture of the author 7BigTrades
      Yes I'm aware of "the Egghead".

      They use Vin Montello as their copywriter which is why affiliates are very willing to flock to that product (along w/ the 100% payout).

      Any speculation as to how much $$$ Vin would charge for taking on a penny stock project such as the "Penny Stock Egghead"?

      Take some wild guesses......
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      • Profile picture of the author Bruce NewMedia
        $15,000 to $20,000?

        Originally Posted by 7BigTrades View Post

        Yes I'm aware of "the Egghead".

        They use Vin Montello as their copywriter which is why affiliates are very willing to flock to that product (along w/ the 100% payout).

        Any speculation as to how much $$$ Vin would charge for taking on a penny stock project such as the "Penny Stock Egghead"?

        Take some wild guesses......
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      • Profile picture of the author Alexa Smith
        Banned
        Originally Posted by 7BigTrades View Post

        They use Vin Montello as their copywriter which is why affiliates are very willing to flock to that product (along w/ the 100% payout).
        Yes, indeed ... if I had any interest in that niche, I'd be "straight in, there", with copy by Vin, and my impressions of the vendor.

        Originally Posted by 7BigTrades View Post

        Any speculation as to how much $$$ Vin would charge for taking on a penny stock project such as the "Penny Stock Egghead"?

        Take some wild guesses......
        He's a Warrior, you know? And replies to messages - you can ask him. (My guess is $15,000.)
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  • Profile picture of the author Marhelper
    Made good money as an affiliate with "Egghead." They paid very well and paid on time. They also sent bonuses via Paypal on time. I was and remain very impressed.
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    • Profile picture of the author 7BigTrades
      As an affiliate to "Egghead".... may I ask how you learned about the program?

      When I'm a few months away from my launch.... how can I get in touch w/ affiliates like yourself?

      Also, do you prefer the Egghead video + long sales letter or do you think 100% video would work better?
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  • Profile picture of the author Jon Patrick
    Originally Posted by 7BigTrades View Post

    (3) Also, once I finish the copywriting & all designs / affiliate pages..... what's the best way to connect with big potential JV / affiliate partners?
    I went over this for someone else in another thread:

    http://www.warriorforum.com/main-int...ml#post5558914

    Of course, there was a lot I didn't mention there, like using JV sites to recruit partners, for example. I was focusing on how to recruit website owners who are potential affiliates, as opposed to list owners or other types of affiliates (although much of the information applies regardless).
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  • Profile picture of the author wolfmanjack
    Quote:
    Originally Posted by 7BigTrades
    (2) Should I go 100% video or video + long sales letter?

    I would go with video plus sales letter. I know that many people like video because the text may be hard for them to read but others can read faster than the video plays and may want to skip a lot of the fluff. If the video is too long they get bored and click away.

    Having both video and text satisfies both needs.
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  • Profile picture of the author stockcertified
    Hi 7BigTrades

    I've bin following this thread while we built our own stock trading course based on leveraging social media tools to monitor buzz and then screening on company fundamentals.

    We just launched at $97 price point with up-sells.

    @Alexa Smith I've seen you post on a few stock trading posts. I guess you didn't have as much success in 2008.....but maybe 2012 will be the year to give it a shot

    @Jon Patrick
    Going to check out your newbie link now

    Thanks!

    - Stock Certified
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    • Profile picture of the author myob
      Originally Posted by stockcertified View Post

      I guess you didn't have as much success in 2008.....but maybe 2012 will be the year to give it a shot.
      Actually, a whole lot of people made a killing by buying prime stocks when they were selling at relatively "penny stock" prices back in 2008. With perhaps a few exceptions, such massive profits are not expected to be realized any time soon with the current prices of 2012. Clickbank is not a resource for professional investors. :rolleyes:
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      • Profile picture of the author Alexa Smith
        Banned
        Originally Posted by stockcertified View Post

        @Alexa Smith I've seen you post on a few stock trading posts.
        Well - I trade forex a little, not stocks. I have posted occasionally about forex in a couple of investment forums, but only usually to wind up people who pontificate about poxy "indicators", and worsen their indigestion.

        Originally Posted by myob View Post

        Clickbank is not a resource for professional investors. :rolleyes:
        Damn - there's always a catch.
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  • Profile picture of the author travlinguy
    Don't want to rain on your parade but brutal honesty in the penny stock market is hardly a revolutionary approach. There are two types of people in that market. The sheep and the wolves. Obviously, the wolves own the pennies.

    That's because the wolves know it's a rigged game and hitch their wagon to promoters who know how to create momentum be it up or down. If that's what you're talking about when you mention brutal honesty then maybe you have a chance. But staying with the honesty approach, your educational appeal is going to have to focus on you being a "wolf" maker. And you're going to have to be careful how you go about it.

    Forgive me, but some of your questions are a bit on the naive side. Your price point will depend on how good your product is. Of course, you want it to be competitive but you're going to have to have some pretty damned good material to get anywhere near the $297 price range right out the gate. If you do have the stuff you should consider creating a funnel with an entry point between $60 and $70 followed by a couple of upsells. Lots of products are marketed this way on Clickbank. Make a study of the successful ones.

    As mentioned, the sales presentation should be text and video, not either or. The same goes for the actual product, PDF and video.

    As for attracting major affiliates, it's a chicken/egg thing. To get the big fish you need to have a proven product that converts. And to push a great, yet unknown product into popular and converting mode you're going to need help from some mid to upper tier affiliates. The best way to go about this is with an aggressive pre-launch.

    And finally, it goes without saying that if you want any kind of success at all that your product has to be exceptional, or it at least has to be perceived that way.
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  • Profile picture of the author stockcertified
    @TravelingGuy

    Thanks for the detailed response with a great example

    But there is still 5% of this micro-cap market that may be worth investing in at any given time.
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    • Profile picture of the author travlinguy
      Originally Posted by stockcertified View Post

      @TravelingGuy

      Thanks for the detailed response with a great example

      But there is still 5% of this micro-cap market that may be worth investing in at any given time.
      To me the micros are for trading, not investing. You just never know what you're getting into no matter how much dd you do. But to each his own.
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