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How long should it take for Tradebit sales to start trickling in?

by favproduct
16 replies
So I decided to finally give tradebit a try. I'm actually using it to try to sell my own original material. Trying it out as an additional avenue than the usual clickbank/amazon etc.

I keep reading how tradebit has its own built in traffic, so just wondering in your experience - how long did it take before you started getting your first sales on that platform?
#long #sales #start #tradebit #trickling
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  • Profile picture of the author nicheblogger75
    Originally Posted by favproduct View Post

    So I decided to finally give tradebit a try. I'm actually using it to try to sell my own original material. Trying it out as an additional avenue than the usual clickbank/amazon etc.

    I keep reading how tradebit has its own built in traffic, so just wondering in your experience - how long did it take before you started getting your first sales on that platform?
    I put well over 100 products on Tradebit about 2 years ago. They were MRR & PLR products but they were good ones, and I priced them very low. They were also in about 10 different niches.

    I've made 2 sales so far.

    So, good luck with that.

    I've heard that it peaked about 5-6 years ago and has gone downhill ever since.
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    • Profile picture of the author favproduct
      Shit! That sucks - hope I didn't waste that .95 cent sign up fee. 100 products, 2 sales over 2 years - that's rough!
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      • Profile picture of the author nicheblogger75
        Originally Posted by favproduct View Post

        Shit! That sucks - hope I didn't waste that .95 cent sign up fee. 100 products, 2 sales over 2 years - that's rough!
        Like I said, it seems to be one of those sites that lost popularity over time instead of gained it.

        Another one that was really big about 6-7 years ago was Payloadz.

        Although I suspect they tanked because they used to be free to sign up and then they charged you a fee of 2.9%+$0.29 per sale.

        Now they want $19.95 per month PLUS 2.9%+$0.29 per transaction or 4.9% + $0.05 for orders less than two dollars!

        Now why would anyone list on there when they could list on JVZoo or Warrior Plus (and many other more popular networks) and just be charged the standard transaction/sale fee?

        Even Clickbank only charges a one-time sign up fee for vendors, and they are hugely popular.

        As far as Tradebit, even if you only make a few sales it's still worth a .95 sign up fee. I believe they do have a transaction fee as well.

        However, it's going to be like anything else these days. You can make sales of your product there, but you will need to drive your own traffic to it.

        Yes, they have built in traffic, but they also have several hundred thousand listings for people to pick from.
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  • Profile picture of the author favproduct
    So true. I have no luck with clickbank/jvzoo for some reason without heavily promoting it to affiliates. Far from passive, and if I have to be Active I might as well get a job . Warrior Plus is confusing as hell - with the amount of time i spend listing a product in that clunky interface (and the crazy amount of steps involved before anyone actually sees it exists) I could have created a new product and had it out on amazon already.
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    • Profile picture of the author nicheblogger75
      Originally Posted by favproduct View Post

      Far from passive, and if I have to be Active I might as well get a job .
      Well, there really is no such thing as "passive" income.

      Internet Marketing IS a job, and a tough one at that.

      If you were looking for easy money, the Internet is certainly not the place to get it.

      The belief that it's easy to make money online is one of the biggest myths ever.

      It may be easier for you to get a "9-5" than to make money online.

      Surely you will need to put in many more hours running an online business than you would if you worked a regular 40-hour a week job.

      I've been running my own online business since 2008 and I can't remember the last time I only worked 40-hours in a week. Usually it's more like 55-60 hours on average.

      Make no mistake. There is NOTHING easy about making money online. It requires loads of blood, sweat, and tears to succeed. Anyone that tells you otherwise is lying to you.
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      • Profile picture of the author favproduct
        Well, I'm all about the PASSIVE income - perhaps because I'm oldschool. It was still less than 10 years ago, maybe even less than 5 where I just uploaded product and it sold. No marketing involved - no other work than to just create and upload - and that yielded my THOUSANDS a month. I consider that passive. Maybe those days are over, but I find that hard to believe. I don't think the reality of passive streams are gone, just perhaps the locations have changed.

        I understand how the new generation may be all about the hustle because perhaps thy haven't experienced anything but high work:reward ratios - but at that point you are Working for your $ - and there's no need to hustle for that.
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        • Profile picture of the author nicheblogger75
          Originally Posted by favproduct View Post

          Maybe those days are over, but I find that hard to believe. I don't think the reality of passive streams are gone, just perhaps the locations have changed.
          Trust me. Those days are over.

          The fact of the matter is that in the last 5-6 years the competition for affiliates has increased tenfold, maybe more.

          The influx of people who are starting online businesses has increased 1000% or more. That's just a guess, but I'm sure people know what I'm saying. The competition nowadays is FIERCE!

          There are so many more vendors putting out products nowadays and the fact is that the pool of good affiliates (as Sid so perfectly put it - "ones that have even a snowball's chance in hell of making a sale") is not big enough to support all of those vendors.

          Nowadays, vendors that want to have good affiliates that can make sales have to go after them and "woo" them.

          There are lots of ways to do it. I get contacted by several vendors every day on Facebook asking me to promote their latest launches. It goes without saying that they give me the product for free, and sometimes they even offer me incentives, like paying me extra money if I can make a certain number of sales in the first 24 hours, etc.

          For example, there is one vendor that pays me a flat $100 bonus if I can make 25 or more sales in the first 24 hours.

          Any good vendor also runs affiliate contests with cash prizes or other cool prizes. Some give away prizes like Playstation units, drones, Amazon gift cards, tablets, laptops, vacations, etc.

          It's not hard to get affiliates. However, it is hard to get GOOD affiliates.

          I have close to 3000 affiliates on JVZoo. You know how many of those have made more than 100 sales of my products? TWELVE. So there's an example for you. 12 out of 3000 affiliates are good ones. 95% of the others have made no sales, and the other 5 % have made less than 5 or 10 sales.

          If you are looking for the time when you could list a product on Clickbank and immediately have dozens of good affiliates start promoting for you (6-8 years ago), you are going to be waiting FOREVER because that time is LONG GONE.

          If you want to succeed online in 2017, you better be prepared to roll up your sleeves and WORK YOUR ASS OFF!

          If "passive" income truly exists, I've yet to find it.

          However, I still wouldn't change a thing. There's NOTHING like being my own boss, answering to nobody, and making more money than most people with PHDs!
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          • Profile picture of the author Sid Hale
            Originally Posted by nicheblogger75 View Post

            Trust me. Those days are over.

            The fact of the matter is that in the last 5-6 years the competition for affiliates has increased tenfold, maybe more.

            The influx of people who are starting online businesses has increased 1000% or more. That's just a guess, but I'm sure people know what I'm saying. The competition nowadays is FIERCE!

            There are so many more vendors putting out products nowadays and the fact is that the pool of good affiliates (as Sid so perfectly put it - "ones that have even a snowball's chance in hell of making a sale") is not big enough to support all of those vendors.

            Nowadays, vendors that want to have good affiliates that can make sales have to go after them and "woo" them.
            Exactly!

            Originally Posted by nicheblogger75 View Post

            It's not hard to get affiliates. However, it is hard to get GOOD affiliates.

            I have close to 3000 affiliates on JVZoo. You know how many of those have made more than 100 sales of my products? TWELVE. So there's an example for you. 12 out of 3000 affiliates are good ones. 95% of the others have made no sales, and the other 5 % have made less than 5 or 10 sales.
            I have roughly the same number of affiliates. My affiliate sales numbers are a little different, but that's to be expected.
            15 affiliates with 20 or more sales
            8% with 1 or more sales
            92% with ZERO sales

            Number of affiliates is only one factor. It also depends on the quality of the affiliates, the price of your product, the commission rate you offer, whether you run sales contests, and whether or not you offer other affiliate incentives.

            Originally Posted by nicheblogger75 View Post

            If "passive" income truly exists, I've yet to find it.
            Heck... I don't even want affiliates that are looking for "passive income". They are typically that 90+% who never make a single sale.

            Those on my leader board, however, typically get their commission rate bumped significantly so that they will continue to promote, and bring in more revenue for both of us.
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            • Profile picture of the author nicheblogger75
              Originally Posted by Sid Hale View Post

              Those on my leader board, however, typically get their commission rate bumped significantly so that they will continue to promote, and bring in more revenue for both of us.
              I forget to mention this incentive. It's good practice for vendors to give top performing affiliates "bumps" in their commission rate.

              For instance, you may be paying out 50% commissions on a product, but your best affiliates will be bumped to 60% or more.

              This is a great way to keep your best affiliates promoting for you.
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    • Profile picture of the author Sid Hale
      Originally Posted by favproduct View Post

      So true. I have no luck with clickbank/jvzoo for some reason without heavily promoting it to affiliates.
      Affiliates have the freedom to promote a HUGE number of different products from a very large array of different affiliate networks. I'm a little confused as to why you think that those affiliates would (somehow, by magic) find/choose to promote your product(s) over all the other products available to them.

      If you are depending on affiliates as a means of getting traffic/buyers to your sales page, you have to recruit those affiliates. (Especially the ones that have even a snowball's chance in hell of making a sale)

      That's true whether you 1) approach specific affiliates directly, or 2) recruit from a pool of affiliates in an affiliate network (i.e. CB, JVZoo, etc.)


      Originally Posted by favproduct View Post

      Far from passive, and if I have to be Active I might as well get a job .
      I don't think the WF has a place for you to post your resume.
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      • Profile picture of the author favproduct
        " I'm a little confused as to why you think that those affiliates would (somehow, by magic) find/choose to promote your product(s) over all the other products available to them."

        Because that's how it has worked for me MANY times in other industries/niches/sectors. It's too pessimistic to think that they WOULDN'T. It just so happens that they DIDN'T/HAVEN'T but that doesn't mean I would make that assumption without trying it.

        I'm more confused by why so multiple ppl are OK with putting forth so much effort to promote to affiliates, if you're putting in that much effort wouldn't it be easier to cut out the middle man and just do a B2C approach? I've read everyone's #s, they're hustle a lot of maybe a six figure income at best. Please do correct me if I'm wrong, but if you're putting in a lot of time are getting what? $50/hr for your time? Plus HUSTLE and effort don't seem scalable.

        I really do appreciate everyone's insight so far, this convo is informative as hell! I miss the days of pre-2015, when I worked all of an hour every couple of weeks to create content, and people magically found that content. I totally agree with your first sentence about market saturation. Looks like "they moved my cheese" - trying to sniff out where it went.
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      • Profile picture of the author favproduct
        So all that being said - how do you even go about reaching out to affiliates? (I know, super stupid question - but as you can see, I may understand PR/Media relations - but selling to affiliates??).
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  • Profile picture of the author Steve B
    I've never tried selling on Tradebit but I have been sent there (through links) to buy some things. I've noticed that they kind of have a reputation for selling junk, spammy products, and stolen products on the cheap. (This is from comments I've read on forums, in emails, etc.)

    I've also had my Norton software alert me about malicious content at Tradebit and one time the site was blocked and labeled as "dangerous," so I have kind of formed the opinion that it's not the best selling platform; and in fact, could be harmful. That's just my experience and yours may not be the same.

    Steve
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    • Profile picture of the author nicheblogger75
      Originally Posted by Steve B View Post

      I've never tried selling on Tradebit but I have been sent there (through links) to buy some things. I've noticed that they kind of have a reputation for selling junk, spammy products, and stolen products on the cheap. (This is from comments I've read on forums, in emails, etc.)

      I've also had my Norton software alert me about malicious content at Tradebit and one time the site was blocked and labeled as "dangerous," so I have kind of formed the opinion that it's not the best selling platform; and in fact, could be harmful. That's just my experience and yours may not be the same.

      Steve
      I've bought quite a few products from there because they were cheap and a few them were loaded with viruses and malware. Between Norton and Malwarebytes none of them made it onto my machine, but after that I stopped purchasing there.

      This could also be a big reason why it's tough to make sales there.
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  • Profile picture of the author Randall Magwood
    It's in your best interest to package and sell those products on your own site - to a group of individuals on your email list who are interested.

    Plus, you can price them higher than on Tradebit, and make an even better profit.
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