Yesterday I lost almost $450 because of refunds. Of course I know that forex products always have a high refund rate, however, 50% is terrible What was your highest refund rate? How much money did you lose in a single day?
Nothing so far, but I just started. Made 14 sales so far in the last 30 days, so they can still come.
well this is sorta on-topic but off-topic, but the lowest refunds i've found are on products where the people are less "wise" to the ways of Internet marketing...health products in particular.
Almost all the clickbank products bought via my links were refunded. Now I no longer offer bonus gifts.
Damm thats shocking some of those numbers.. might of been helpful if you guys listed the products and I guess forex is a big stay away.. It helps to use sites like CBEngine and get an idea of the overall refund rate.
It really is just the crappy products that get a high refund rate - I had over 20% refunds on a paid surveys site and on satellite tv for pc. I don't bother promoting them anymore. I get 0% refunds on most of the health products I promote.
2-4-K - Forex Fap Turbo is the "refund rate" winner. However, even if its' refund rate is 50% it is still profitable to promote it. You get almost $80 per sale and the CR is high too.
The rare times I see refunds, you should see the reasons they give. They say something like "I've read this before" when I know this is a blatant lie because I have written the product based on personal experience!!! I personally think that refunds are going to go up if the economy takes a bigger dive.
According to our stats and feedback from our affs, our average refund rate is much lower compared with other system optimization programs. It is about 3%.
92 sales and 23 refunds. Product six figure yearly. 58 sales 14 refunds. Product maverick money makers (*note this is a re-bill product so I get most refunds the 2nd month)
Mt refund rate varies within each product dependant on where it is promoted. For instance I have one product (gaming related) that has a refund rate of 40% when promoted through the usual methods (PPC, articles, blogs and social marketing etc) but less than 2% when promoted in another way I use (promoting products directly to those looking to buy. PM if u wanna talk about this other (works in europe only, not US)
I managed a 100% refund rate on my forex expedition. It was profitable at first, but still too many refunds for me to take it further. Over the next month or so all of my sales had been slowly refunded. I only made around 10-15 sales, but still... (This was three different EAs).
I have had about 4 refunds on my Clickbank product out of over 200 sales. My products are mainly mp3 bundles of mp3's that I created. It is in the New Age/Self Help/Meditation niche.