ClickBank Launches Joint Venture to Facilitate Entrepreneurial Partnerships

September 21, 2011; 01:26 AM

Broomfield, Colo. – ClickBank, the premier online marketplace for digital information products, is making it easier for its vendors and affiliates to profit from partnerships with Joint Venture, a new feature that automates and streamlines the process for partnering with others in a given field. Joint Venture allows vendors and affiliates to designate other ClickBank accounts as partners to create or promote products together and subsequently, share profits.

Many of ClickBank’s clients collaborate with experts and businesses in their field to create or promote products, including introducing existing products to new markets. In these instances, determining and managing the compensation for all parties involved can be a lengthy and difficult process. Joint Venture facilitates profit-sharing partnerships, which enables vendors and affiliates to spend more time creating and promoting innovative products with partners, and less time managing administrative tasks.

Joint Venture streamlines the partnership process by managing tasks such as:

•       Determining total sales and revenue for a product

•       Generating sales reports

•       Calculating revenue for third-parties

•       Managing refunds and chargebacks

“We’re constantly exploring new ways to make it easier for clients in all stages of their business development to become profitable,” said Brad Wiskirchen, CEO of ClickBank. “Joint Venture will help eliminate the time and effort that vendors and affiliates spend on administrative work and the logistics involved with partnerships, leaving them with more resources to dedicate to innovation and marketing.”

Joint Venture also allows vendors to partner with and incentivize Joint Venture brokers and affiliate managers for affiliate referrals, based on the performance of those referrals. Through Joint Venture, vendors can easily determine how much of the profits will go to these partners, and then pay them out automatically.

ClickBank recently concluded a six-month Joint Venture pilot program that included participation from a select group of vendors and affiliates. Over the course of the program, more than 180,000 transactions were completed and profits divvied up among partners using a variety of business models supported by Joint Venture.

ClickBank Joint Venture is now available free of charge to existing vendors and affiliates. Additional detail about Joint Venture is available online via the ClickBank Help Center. 

About ClickBank

ClickBank® is an online marketplace for digital information products that allows individuals and businesses to attract the customers they can’t find anywhere else online, and provides affiliate marketers with secure ways to be successful and profitable.

ClickBank combines a diversified, established marketplace with an infrastructure that includes industry-leading fraud prevention tools, reliable payment processing and expert customer support for more than 50,000 digital products and 100,000 active affiliate marketers. ClickBank provides services in more than 190 countries around the world and is consistently ranked as one of the most highly trafficked sites on the web.

ClickBank is privately held with offices in Broomfield, Colorado and Boise, Idaho. For more information, go to: www.clickbank.com.