Bob's a kickass affiliate. He has a list of products he promotes, and he is not bad at it. He spends money to promote his business and makes sales. All is good in the world.
But then something happens to Bob's credit cards and bank accounts; believe me, every affiliate hates this part.
Bob has to wait for 30 to 60 days to get paid for those sales he generated. Bob isn't happy. It's part of the game, some would say.
Now let me explain. There is no Bob, and in a way, everybody is Bob. But the reason we have these delays in affiliate marketing is that the merchants want to make sure that the customer isn't going to return the product during the money-back-guarantee period.
It makes sense, doesn't it?
It wouldn't make sense financially for the merchant to pay Bob his commissions if the customer returned the product, right?
Unfortunately, this is part of the sales game. Not just affiliate marketing, but part of business in general. If a customer returns a product or wants a refund, somebody is not going to get paid for it right?
It's one of the small downsides to affiliate marketing, and unfortunately, chargebacks are a part of all businesses.
So what's the fix?
So how do we avoid this? Or at least decrease the risk? Is there a fix to this problem? Chargebacks happen no matter what, but there are ways you can minimize your risk as an affiliate.
The best way is to find affiliate programs that have a shorter payout period. For example, MOBE. You've heard me talk about MOBE before, in fact, the recent success story I posted about Allen exists only because of it.
MOBE has a net 15-day pay cycle. Meaning, you will be paid approximately 15 days after that sale happens on the next payment cycle. No need to wait 45 days or 60 days.
Can you believe that one affiliate program right now still owes me money from sales I made in early February!? We're at the end of April! That sucks, which is why not only I diversify, but I also focus on high-paying commission programs and even more so on those programs that pay me quickly.
The reason MOBE can pay so quickly is twofold.
First, the products are digital, so there is no need to ship a physical item; thus there is no delay or issues if the customer decides to cancel or changes his or her mind. And second, because MOBE's customer satisfaction is incredibly high, so chargebacks are few and far between.
My good friend John Chow does a little bit of humblebrag in this video but also explains the net 15 payout period below:
So this is the suggestion I have for you to improve your income flow and get paid faster. Start promoting MOBE products.
If you're new to affiliate marketing, or you want to start an online business, I advise you: skip all the time, effort and pain we've been through learning which networks are good and which ones are better and go through the 21 day training program. Or get the $3.00 ebook to learn more (that's cheaper than my Cascara latte).
Completing the training will help you learn how to earn high paying affiliate commissions and get paid quickly, apply for the training. And if you don't like the training get a refund; but I'm pretty sure you will love it.
By the way, if you apply and get approved, send me your receipt, and I'll give you an exclusive bonus package only available for my clients. Or if you get the $3.00 ebook, email me your receipt and I'll refund your money, you've got nothing to lose and everything to gain.