In the long run I don’t think this will be a bad thing for me personally because…
a) The Online Business Club is a low-cost membership which means I get lots of little payments hitting my Paypal account each month. With Clickbank I’ll get a single payment every two weeks, which cuts down my bookkeeping and frees up time (or budget, if I pay for bookkeeping) to spend on marketing. I don’t have to worry about chasing failed payments, either.
b) Clickbank’s fees aren’t much higher than what I currently pay to Paypal and I’ll happily pay them to avoid the logistical nightmare of dealing with the new EU VAT situation.
c) I hadn’t originally planned on recruiting affiliates for the Online Business Club but as the huge team of affiliates are a feature of Clickbank then that’s an added bonus.
d) I’ve already got a product for sale using Clickbank, so I’m familiar with how it all works.
I’m not saying all is fine in the EU VAT world because I know some micro businesses are facing some very real problems. But thankfully I seem to be finding my way through it.
After the initial fears that I might have to close down my business completely had passed, that is. That wasn’t much fun, I can tell you.
One slightly annoying thing is that I’ve released this month’s training into the Online Business Club but I’ve effectively had to close it to new members until I’ve made the switch to Clickbank. I don’t want to risk getting any non-UK Europeans in the door until everything is in place VAT-wise for January.
Ideally I would have made the move to Clickbank a couple of weeks ago but I wanted to be as sure as I possibly could that this platform would allow me to avoid the whole EU VAT mess first.
Don’t you just love red tape? 🙁
As for my other products, I’m temporarily taking them down from sale because they are sold from my site rather than a 3rd party site. The EU VAT changes have made me review the products I’ve got and how they fit together, because my strategy will have to change. I may make them available through a 3rd party platform in future or I might update them or even retire them. I haven’t had time to work through all the options just yet and I don’t want to rush it.
How are you preparing for #VATMOSS?
Update, March 2018 : My Onlne Business Club is now closed.