Just a quick heads up on something I think looks to be an awesome new service: RAPBank.
RAPBank aims to be for instant commission, RAP-based products what ClickBank has proven to be for (more or less) any type of ‘normal’ info-product (where normal means promote through ClickBank – and you’ll get the money at a later date – once you’ve met a number of other conditions too).
Short explanation: Rapid Action Profits is an awesome script (although there is a learning curve) for setting up so-called instant commission affiliate programs. These function by alternating between sending customers to the vendors paypal account and the affiliates paypal account. So, if the commission is 50% the first sale goes to the vendor, the next to the affiliate and so on. For 75% commission the first goes to the vendor, the next 3 to the affiliate.
RAPBank aims to be a ClickBank like marketplace for RAP-based products, giving the same benefits as CB does regarding everything in one place, good stats etc. while at the same time giving the benefits of instant commissions – really can’t beat the warm, fuzzy feeling of money trickling into your paypal account, right
On top of that, they’re a lot more generous with their own commissions – regular members get 25% commissions on the purchases by referred members. VendorPlus members get 50%.
Now, being RAP-based of course means they have to do things a bit differently than CB, as they are in no position to charge you directly for sales etc. So, instead of paying a fee for setting up your product and then a given percentage off each sale, RAPBank is set up as a membership site, with a monthly fee.
It’s of course free for affiliates and the casual vendor can put up a product without paying anything, but if you want to be a regular vendor, you need to shell out – the good part being, that until final launch on April 1, the monthly fee is halved to $27/month. And let’s face it – if you sell halfway well of your products, it’s bound to be a lot cheaper than paying percentages to Clickbank. And there really is a load of extra features hidden behind those $27/month – me, I reckon it’s affordable, and well-spent.
On top of this you have to have a license for each domain you wish to include products from. There is one license included in the sign-up. After that, it’s a very reasonable $27 for a pack of 5 licenses (and no extra monthly fee).
Fair reminder though: To sell through RAPBank you need the Rapid Action Profits script, but either way, it’s still free to sign up as an affiliate and simply promote what’s available in there. There’s already over 400 products in there and more than 1750 members – so go join the fun.
I wager this site will become very important – important enough for me to change the membership site I’m launching this week from monthly commissions to instant commissions. A decision taken within 30 minutes from checking out the bank for the first time.
Just taken a quick look at RapBank Morten and joined right away
this looks as though it’s going to be a winner
Morten… thanks for joining recently and a definite overwhelming thanks for writing such a phenomenal writeup on our site… well done! Thanks for profiling and honoring us on your site.