Ruby’s Tips for Newbies: Worried About How Much Money Your Coins are Worth?

BlogBourne’s unique payment model seems to be a mystery to a lot of members and prospective users, alike. I am not a member of the staff here but it was explained to me by @iwrite, who has been helping to get the site going. We had a discussion before the site was open to members and he did a great job of explaining how our payments will work.



I thought since there are so many questions about how we get paid I’d post what I understand about revenue sharing, the payment model used by BlogBourne. Remember, this is not an official FAQ but just my understanding of how revenue sharing works in general. For more info about how you earn on BlogBourne and how your payments will be processed, check out the FAQ and Terms of Service in the “Help” menu at left. The Earning Table, Wallet, and Market pages are also good sources of info on earnings and payments.

What is Revenue Sharing?

Very simply put, revenue sharing is a payment model that gives stakeholders a portion of a company’s income. Who are the stakeholders? That’s anybody who invests in a company or who participates in activities that earn the company money – including writers who provide user-generated content for a social blogging site. That’s you and me!

In a revenue sharing model, both the risks and the benefits are split between the company and its stakeholders. The better the company does, the better the stakeholders do. So it’s in the best interests of both the management and the stakeholders to ensure the success of the company.

How Much of a Share Do Writers Earn on BlogBourne?

BlogBourne pledges to split its revenue equally between the site and the member writers. That means 50% of earnings from advertising will go towards site operation, maintenance, and improvements. The other 50% will go to the writers whose contributions generate the ad revenue.

Why a 50% Revenue Share May Sound Familiar

You may have heard this claim on another web site, which initially spoke a lot about respect for writers and our content but later cheated writers out of thousands of dollars. Now, I want you to understand that the other site was making false claims – whether intentionally or because they just didn’t understand revenue sharing.

No site can offer you a fixed reward for any activity, and then tell you it will share 50% of its earnings with the community. Why? Because revenues fluctuate. They go up and down each month, depending on how much content is generated, how well that content ranks with search engines and other factors, such as whether visitors to the site click on ads or make a purchase.

No site can claim a 50% revenue share goes to its member writers, and then always award them exactly the same amount for each paid activity. That is why sites that promise the same amount for every page view, like, or comment have failed so often in the past. There may have been times when the site’s ad revenues covered the amounts they owed their writers. But there was no provision made for times when writers were owed more than the site was earning from its advertisers.

How Revenue Sharing Protects Everyone

BlogBourne pays you in coins, rather than in dollars and cents. The value of a coin is variable. And we won’t know how much it’s worth until the first revenue cheques come in from the advertisers. I know that involves a risk. And it’s frustrating to be writing for a month or more without knowing the true value of your coins. But we need to be patient. And we need to understand that BlogBourne chose this payment model to protect all of us.

Because the value of a coin will only be set once the revenue comes in, there is no way BlogBourne can promise to pay out too much and then end up not being able to pay users what was promised to them. In the same way, you won’t get short-changed if the site happens to earn much better than expected. You will always be paid a fair amount, based on your contribution and how much the site earned.

How Many Coins Will It Take to Cash Out

Although most of us do write because we love it, we do want to be compensated when a site is earning money from our posts. It’s only fair. And of course, when we join a new social blogging site, it’s only natural to wonder how much we have to earn before we can cash out.

If you visit the Market page today, you will see that writers on BlogBourne will have the option to cash-out at different levels of pay. There are options for PayPal transfers starting at just $5, and ranging all the way up to $100.

How many coins will it take to get that PayPal transfer? This will be determined as soon as the @admin have enough data. The value of a single coin will most likely be determined by taking the amount of the 50% revenue share and dividing it by the number of coins earned by members for their writing and other activities. This amount will be posted on the Wallet page and as soon as it’s safe to start processing payments, the amounts for the different payment options will show on the Market page. These amounts will be recalculated each month.

Please remember that BlogBourne is still operating in Beta mode. The site is brand new, and it needs time to build up a library of content and to earn its first month or two of advertising revenues. Yes, you are being asked to trust in something that isn’t quite defined yet. But keep in mind that all the information about how much members earn can be seen in the Public Log. Transparency is key on BlogBourne. And once the revenue starts coming in, all will be made clear.

BlogBourne’s unique payment model: revenue sharing | #blogging #earnmoneyonline


Are you confused about coins and revenue sharing on BlogBourne?

If you want to pin, feel free to use this image. It’s optimized for Pinterest!(Image from a public domain photo by Alexas_Fotos/Pixabay)

 

Are you ready to take the plunge? Come join BlogBourne and see what sets it apart from other writing sites!

Original content © 2016 Kyla Matton Osborne. Cover image by Alexas_Fotos/Pixabay/CC0 1.0.



This article was published on BlogBourne. If you are reading this content anywhere else, it has probably been stolen. Please report it to me so I can address any copyright infringements. Thank you!






  • Comments

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        I’m glad I could help, Daisy! And thanks so much for Tweeting! A lot of folks have been asking me about this, and it’s good to have somewhere to point them to so I don’t have to explain each time 🙂

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        There sure is, Pat! I find things here at BlogBourne just make really good sense. But I know a lot of people are used to the old (unsustainable) view, like, comment model. It isn’t always easy to go from expecting that, to working with a revenue sharing model. Of course, this model is more sustainable. And it’s more democratic too!

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        I’m glad I could help, Mike! And I hope I got everything right. Feel free to correct any errors or omissions. But yeah, I had a lot of people ask. So I figured it was good to get a post up, to help people understand the payment model better.

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        Indeed, it does! But it’s important that the writers know their interests are being protected too. It’s always a risk when you write for a startup. If people know what to expect, they can relax and focus on generating quality content. That, in turn, will bring in the revenue 🙂

    1. Profile photo of Daisy
      Daisy

      yes assurance from the site and understanding the payments can make the people more relaxed and willing to try a new site. As long as the owner/moderators and admins are open and upfront

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        Daisy, Mike has worked very hard to be upfront about how the site is run. I want people to know he is very approachable. So they should feel free to post questions in the Support forum, if they aren’t sure of something 🙂

    2. Profile photo of Shavkat
      Shavkat

      That’s a great post you had shared. As a newbie, I am still grasping the simple rules and the payment scheme. I am still looking the equivalent of coins to be qualified for the payout here. For instance, how many coins do we need for $10?

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        It’s variable, Shavkat. After the ad revenues come in, Mike will post the amount & it will stay the same for a month. We just have to be patient until he has enough info to do the calculation 🙂

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        Aw, I’m glad it helped! Yes, I think on a site like this it’s easier to wait a bit. We know Mike is working hard behind the scenes, and thinking ahead so the site will be able to keep up with the community 🙂

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        The harder we users work to produce quality content, the higher that coin’s value will be. It’s rare that the writers have such a strong impact on their own earnings, so I hope everyone will try their best to produce articles that will rank well. The better our site traffic, the bigger the revenues for all of us will be.

    3. Profile photo of shaloo walia
      shaloo walia

      So far, I am liking it here. The site is simple and easy to use. The best part is that I can write according to what I want to and not like the other site which encourages us only to write about certain topics keeping SE0 in mind.

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        Actually @swalia, SEO will have a really big importance here. If people write without concern for how search engines will rank their content, the ad revenues will be too low for the site to pay us much for our contributions. But your writing is good, and you often publish content that would do well for SEO. Your recent recipe posts on another site would rank well, I think, and some of the life hacks and list posts you have written there too.

        The biggest hurdle with SEO is that people don’t really know how to satisfy the search engines, and they fear they will fail. It can seem overwhelming, but if we can start to break it down into steps, we can improve the search ranking for our own individual articles and for the site as a whole. This means much better earnings for us all.

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        I’m glad I was able to demystify the revenue sharing model a bit. I hope it will help users to understand the process until Mike can publish the exact values.

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        I suspect it will be! But what people need to understand is that the value of the coin will always increase when more people create more and better content. And it will remain low or decrease if too many people sit around, watching and waiting. It’s a risk to take, but without taking the risk there won’t be much to gain.

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        I hope it helps people understand the reason no value is declared yet for the coins, and why it’s so important that everybody gives the best they’ve got right away. Waiting to see how things work out is both unfair to those who are writing consistently now, and will also fail to give an accurate idea of what the earnings will be when everyone is participating. I suggest that those who want to benefit, roll up their sleeves now and help the little red hen bake her proverbial bread.

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        I do try, Grace! Wherever I go… 😉

        I hope you’re enjoying BlogBourne so far, and that you’re on the road to making some good money here.

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        Thanks for spreading the word! Yes, we really do have to be patient and see what will be. In the meantime, we can all focus on writing quality content for the site.

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        Glad to hear it, Grace! I haven’t been very active there lately because I can almost never load more than two pages without getting the dreaded 500 errors. Tey really need a server upgrade! I’m very happy that Mike was so quick to respond to the need for an upgrade on BlogBourne, even though it was unexpected in these very early days of the site. I appreciate that he responds so promptly to our needs and concerns as a community. It makes writing here all the more pleasant 🙂

    4. Profile photo of grace
      grace

      Here the situation was very serious. Even I could not register. I almost gave up. If at the registration level itself there is trouble there is no alternative but to upgrade. At the other site I have not encountered the kind of issue that you have.

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        You must have arrived during the time when the site host took the site offline. This is usually done to protect a site, kind of the way your credit card company might put a temporary hold on your account if they notice a charge that could be fraudulent. Mike took very prompt action and the site was upgraded to a new server the very same day. Compared to the fuss we went through on a couple of other writing sites during server migration, the experience here was very positive. It was all fixed in a matter of hours.

    5. Profile photo of Dawnwriter
      Dawnwriter

      Great article, Ruby. You have explained things wonderfully. It is so difficult to trust a new site but things seem to have gone off to a great start here. Let’s hope spammers and plagiarists stay away and we can find a new home for our content.

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        The site already has measures in place to protect against both spam and plagiarism, copyright violations, content spinning, etc., and there are plans for even more improved security. If you do notice anything amiss, you can use the “report comment” link or the “report article” button. Members will be rewarded if they help to catch abusers.

    6. Profile photo of Isabel
      Isabel

      I love it! Thanks Kyla for the great article. It sure is another helpful article for BlogBourne members. I think it’s an awesome and fair enough payment model so the system cannot be gamed by spammers.

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        Thanks so much, Isabel! Coming from someone who has such a solid understanding, the praise means even more to me. I greatly appreciate the work Mike has put into bringing us this site, so I’m happy that I can help other writers better understand how BlogBourne works 🙂

    7. Profile photo of grace
      grace

      @ruby3881 The site was very much there. I had filled out all the information but it would not move any further and sent me this message

      Error 508. Resource Limit Is Reached

      This website is temporarily unable to service your request as it has exceeded it’s resource limit. Please check back shortly.
      If you are the owner of the account and are regularly seeing this error, please read more about it in our knowledgebase. If you have any questions, please contact our Technical Support department.

      And that is the reason why the site upgraded it.

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        Yes, this message was the precursor to the upgrade. Technically, the site was offline because we could no longer access its pages. That’s what offline means.

      1. Profile photo of Kyla Matton Osborne
        Kyla Matton Osborne Post author

        Possibly. That depends on the terms of the hosting agreement and whether the site had reached a daily or monthly cap for its traffic.

    Your email address will not be published. Required fields are marked *