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.
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!