Greetings online marketers!
I’ve got some news that may be of interest to you. ClickBank has announced that they’ve built extensive new Joint Venture capabilities into their system. ClickBank Joint Venture is a new way to automate payouts, refunds, bonuses and more between multiple parties. It now allows for something which many ClickBank clients have wanted for a long time, which is 2nd tier affiliate commissions. Joint Venture includes four different types of JV contracts you can create, with each serving a unique and useful function:
- Traditional JV Contract– Allows a product vendor to give a portion of their earnings from a sale to another client, such as a partner, copywriter, designer, customer service manager, or anyone they wish.
- Upsell JV Contract- Allows a product vendor to upsell another vendor?s product and split the proceeds of the sale however they wish.
- Affiliate Referral Contract- Commonly referred to as 2nd tier affiliate commissions, this type of JV allows a product vendor to share a portion of their earnings with an affiliate manager or JV broker who referred the affiliate that led to a particular sale.
- Affiliate JV Contract- Allows two or more affiliates to share the affiliate commission on a sale. This is a great way for affiliates to partner on an advertising campaign or collaborate on projects.
For more information on how to set up and use all the different kinds of Joint Venture contracts, please see ClickBank’s Joint Venture Help Center article!