Butterfly Reports - A New Money Maker For Content Publishers & Product Owners by Mike Filsaime
Butterfly Reports is a new service which offers two ways to make money. If you are a content publisher you can use it to get free reports branded with your own affiliate links that you can use how you like. Saves the work of writing your own! If you own your own product you can create reports that promote that product, insert it into the system and then others will promote it for you virally.
Everybody Is Jumping On This Thing
Mark Mason was the first person to email me to let me know about Butterfly Reports and I like him a lot so I took notice of his email. I couldn’t deal with it at the time but when I got back the next day I saw this thing being promoted all over the Internet.
The man behind Butterfly Reports is Mike Filsaime. He is one of the “big name gurus” and I have to admit - I don’t like his tactics at all. He is what I could consider to be a typical “sleazy marketer” and he’ll use every trick there is. I was really put off him a few months ago when I signed up to something and there followed several pages of “one-time” offers all of which I declined. Then the next day I got an email saying, oh my server crashed and perhaps you didn’t get this offer so I just thought I would send it again. Its an autoresponder message, do I look that stupid? Ok don’t answer that!
Personal Feelings Aside, What the Heck is It?
Okay so I knew what I would be in for if I signed up and I’ll explain exactly what offers he uses so you know what to expect but fist let me explain what it is because it took me a while to get my head around it. There are two specific money making models with Butterfly Reports and they will appeal to different groups of people, though you may find yourself in both groups.
Free Reports For Content Publishers
The first is that you will be given free reports (complete with funky cover graphics) to use for your own purposes such as a free offer to your opt-in list for instance. But this is not just PLR content for you to use. Each report promotes a number of products within the ClickBank or PayDotCom system and Butterfly Reports allows you to rebrand those affiliate links to your ID so that you get the commission. The percentage of the links that you can brand to your own ID depends on the level of service you sign up for.
I don’t think this would be terribly useful if your only content site is in the Internet Marketing niche because within a week or two everybody is going to be jumping on this so you’ll start to see the same reports popping up all over the place. I could add them to my list of Free Internet Marketing Ebooks for instance but I wouldn’t expect to see many sales from that.
Promotional Vehicle For Your Own Products
Internet Marketers are more likely to find value in the second business model. The Butterfly Reports staff will publish several reports of their own every month but in addition, members can submit their own reports into the system. When Mark first emailed me about this he suggested that I might be able to use it to submit my own ebook however now that I understand the system a little better I can see that won’t work. See my ebook does not promote any of my own products (I don’t have any products yet) and only promotes third party affiliate links. If I put that into the Butterfly Reports system and allow others to rebrand the links (actually they can’t because I am promoting BlueHost who are not in ClickBank or PayDotCom) then there is no longer anything in it for me - except a few links back to my blog.
The real benefit comes for those that have their own product. Let’s say once I have finished my StumbleUpon course I write a report about generating traffic with Social Media and I promote my course in the book using PayDotCom or Clickbank. By putting it into Butterfly Reports, if other members download my ebook to distribute then they are now promoting my course for me. And of course, I don’t have to do any extra work for this to happen other than writing the initial report.
Membership Details and “One Time Offers”
There are three levels of membership - Silver (free), Gold and Platinum but you will not see the gold one right away. The initial sales page invites you to join the Silver membership which is free so that’s all good. As soon as you join you’ll see a “STOP WAIT” sign giving you a discount to the platinum membership. This offer is only available for 45 minutes and you see a cute little countdown timer in the corner of the screen. This offer costs $17 a month instead of the usual price of $29 a month but be careful - it is paid ANNUALLY so you’ll pay around $200 if you take this offer.
I declined the platinum offer but that was not the only offer that Mike has in store. Clicking the “no thanks” link gives you a “HANG ON” page showing you just one last offer - the previously unmentioned gold membership. This membership is also $29 a month but you actually pay it monthly rather than having to fork out the whole thing up front. However the offer here is a 30 day trial for just $1 which I decided to take.
Both offers include a bunch of bonuses including the Butterfly Marketing Manuscript which usually sells for $97 on its own. I was actually advertising that in one of my banners a while ago - didn’t sell any though heh. I chose to take up the gold membership so I don’t know if there would have been any further offers. I hope not, two is enough, three would just be silly.
The payment system is Paypal so this means that if you buy the $1 trial, it automatically sets up the rebilling for the $29 a month afterwards which of course means that if you later forget all about it you get a surprise payment for $29 come out of your Paypal account. I am in several trials actually and what I do is set up a reminder on my Google Calender a couple of days before its about to expire so I can make up my mind and cancel it if I don’t want to continue.
Plan Comparison
I’ve broken this down into a table so that you can compare more easily. If you sign up to the silver membership then you can upgrade to the others at the Regular cost from inside the website. To get the discounted cost you need to take up the offers as they are presented - remember its Platinum first and only if you say no thanks to that do you get shown the gold membership with the $1 trial.
|
Silver |
Gold |
Platinum |
|
| Regular Cost |
Free |
$29 per month |
$247 annually |
| Discounted Cost |
Free |
$1 30 day trial then $29 per month |
$204 annually |
| Nr of Content Reports written by BR Staff |
1 |
2 |
4 |
| Nr of Content Reports written by members |
1 |
Unlimited |
Unlimited |
| Nr of Your own reports you can publish |
1 |
Unlimited |
Unlimited |
| % of affiliate links you can brand |
25% |
75% |
100% |
Digging Into the Reports
Currently there are hardly any reports in the system. You can see for yourself here. Most of those that are there have been uploaded by members and it didn’t surprise me at all to see that most were within the Internet Marketing niche. I doubt they will have much success for the reasons I outlined above.
To kick things off, all members are given their first report free. It is called One Into a Million and of course the report talks about viral marketing and promotes the Butterfly Reports system itself. You can download my branded version here and I’ll also add it my list of free Internet Marketing ebooks.
Information for Affiliates
Of course there is an affiliate program and all the links I have provided in this post are cunningly disguised with my affiliate link :-) . Affiliate commission is 25% of any sales made. Mike is making it very easy for affiliates to promote Butterfly Reports and he offers loads of banners, text links and lame pre-written emails. Yeah that’s something else I hate. Seriously if you are going to market something then write your own damn promotional copy!
There is also a JV blog for those who want to keep up with affiliate standings. Its quite interesting to see what kinds of techniques are being used to encourage affiliates to promote a new product - this is all Product Launch Formula stuff. Talking of Product Launch Formula - I bought it a week after the launch date… you know, the day when it was only open for 24 hours! Go figure.
Final Thoughts
It worries me slightly that the Platinum membership is being sold as an annually paid product. That smacks of fear that the service will not take off long term so Mike is trying to get his big pay day right now. I would have expected there to simply be two monthly membership plans.
This system will only work if it takes off in a big way. Each group of people, the content publishers and the product owners need the other group. Without lots of quality reports written by product owners the content publishers will have no content to promote, and without those content publishers the product owners wont see any traffic or sales come from their reports. I suspect that it will take off, for a while at least, simply because there is such a big name behind it. Mind you, they said that about BlogRush (by John Reese) and that was just a pile of pants!
What interests me is that my affiliate ID is 7716 so if that is sequential then it suggests that there are almost 8000 members so far! However, the first brandable report has only been downloaded a little over 200 times so it looks like many people are just joining and then not doing anything with it (typical). Right now everybody is scrambling to promote it and get other people signed up under them but unless people actually write reports and publish them nothing much happen.
The other concern of course is that the whole thing might end up being a repository for affiliate-filled trashy ebooks. We know that every report in the system has affiliate links and thats fair enough if they offer some good content. If they don’t then the only people promoting them are going to be spammer types and the whole system will end up in the toilet.
I’m trying to stay positive but my overall feeling is one of skepticism right now. I hope I’m wrong though because if I am, this could be a nice way to make a few bucks.
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Mark Mason
April 8, 2008
Your posts are always so much better than my posts. Sigh.
I just wanted to note here for the record that I see your RSS stats are now over 2000!
Number of reports on BR is starting to grow. I share your concerns about long term success, and therefore definately recommend Gold.
BTW, my aff ID is 4411 — and I see some very low ones on the system. They are claiming that over 10000 people have signed up. So, I am thinking this may be real.
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