For the first time in its 8-year history, ClickBank, an online retailer for buyers and sellers of digitally delivered products and services, broke the $1 million revenue mark in a single day’s business.
ClickBank is one of the world’s largest online commerce systems for those engaged in buying, selling and promoting digitally delivered products and/or services. The products and services developed and promoted by the company’s more than 100,000 affiliates and 10,000 vendors include ebooks, computer programs, software and games — no physical products are shipped. The company’s Internet-based business-to-consumer network handles an average of more than 20,000 transactions each day.
“A $1 million day is a very important milestone for us,” said Bob King, ClickBank CEO. “Our business model relies on providing a wide variety of products and choices to our online business community. Clearly, such volume demonstrates our model is effective and is benefiting product owners and affiliates and consumers alike.”
According to data from Internet Retailer, ClickBank ranks in the Top 10 of pure play Internet retailers today. The company had more than $200 million in revenue for 2006 with just 42 employees.
ClickBank’s online commerce system benefits anyone with a digital or downloadable product or service to sell. The company provides a safe, efficient shopping experience and simple checkout with a wide variety of payment options that streamline processes and increase sales. The ClickBank retail community is powered by Internet marketers who earn commissions by promoting products on their own Web sites, earning significant commissions for every sale they make. With the lowest barrier to entry in the digital retail market, ClickBank also offers unprecedented fraud protection and a state-of-the-art security platform for its affiliates and publishers, as well as their retail customers.
Bob Dunlap, ClickBank’s director of marketing, puts the company’s growth into historical perspective. “For the past 20 years, the business world has been about accelerating the speed and ease with which we can exchange information, products and services on a global level. The way we do business today needs to be on-demand, convenient, secure and at our fingertips. ClickBank is leading the way in these fundamental business and technological changes.”
Based on current projections, King predicts that million dollar days will soon become the baseline for ClickBank’s ongoing success.
“eBay is the online retailer for anyone wanting to sell things — tangible products and goods that you can actually ship and hold,” he said. “ClickBank is the online retailer for everything else — books, software or games or any other item that can be downloaded and delivered digitally.”
About ClickBank: ClickBank is the largest online retailer for those engaged in buying, selling and promoting digitally delivered products and services. ClickBank can be described as a virtual business network linking buyers, sellers and promoters of digital products and services. ClickBank facilitates these interactions and transactions and provides guaranteed tracking of sales, state-of-the-art fraud protection and a totally secure platform. ClickBank is firmly positioned in the list of the Internet’s Top Ten pure play Internet retailers focused exclusively on digital and downloadable products. ClickBank handles an average of more than 20,000 transactions a day.