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Sneak Peak at the new payment system!

Subscribe to Sneak Peak at the new payment system! 58 post(s), 26 voice(s)

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Peter Administrator 682 post(s)

In order to properly test the new voting revenue distribution system, we have earmarked $5000 to be split evenly between categories that have reviews with votes by midnight February 29th. The total for each category will be split between (up to) the 5 top performing reviews ranked by # of votes. Here’s a breakdown of the payout percentage based on the number of reviews with votes in a qualifying category by Feb 29th at midnight. Remember, totals for a review are split 50/50 between the author, and all the voters who got them their ranking!

The following example assumes that ALL categories have at least one review with a vote, so this is the worst case scenario! :)

A First Place Review in a category with;
1 Review with vote(s): 100% ($12.53)
2 Reviews with vote(s): 60% ($7.52)
3 Reviews with vote(s): 50% ($6.27)
4 Reviews with vote(s): 40% ($5.01)
5 Reviews with vote(s): 40% ($5.01)

A Second Place Review in a category with;
2 Reviews with vote(s): 40% ($5.01)
3 Reviews with vote(s): 30% ($3.76)
4 Reviews with vote(s): 30% ($3.76)
5 Reviews with vote(s): 25% ($3.13)

A Third Place Review in a category with;
3 Reviews with vote(s): 20% ($2.51)
4 Reviews with vote(s): 20% ($2.51)
5 Reviews with vote(s): 20% ($2.51)

A Fourth Place Review in a category with;
4 Reviews with vote(s): 10% ($1.25)
5 Reviews with vote(s): 10% ($1.25)

A Fifth Place Review in a category with;
5 Reviews with vote(s): 5% ($0.63)

Hope this helps you with planning your voting strategies once things kickoff. Please respond with any questions or comments.

 
perfectdecep... 18 post(s)

I am starting to get the hang of this voting system, but how about referrals? Can we earn money from referrals?

 
Peter Administrator 682 post(s)

If they vote on your reviews, absolutely! We’ve geared the system to allow you to experience upside for your invites by paying out according to the popularity of your content, so make sure you invite as many people to become your friend on SR as possible so your reviews can earn the biggest share of revenue as you can!

 
froggy 1,340 post(s)

One of the things we all can do as a community is search out new and lesser known members and vote/comment on their reviews. Not only does this increase community goodwill, it gives some of them hope they are valued and appreciated.

 
perfectdecep... 18 post(s)

thanks for the help. Now I’m going to contact all of my referrals. I’m excited to see what this new system will produce

 
Halah 16 post(s)

My curiosity is piqued by this. Does this mean than anyone whose reviews are not in the top 5 in that category earns nothing for their reviews?

 
Michael Administrator 757 post(s)

This is the payment model until the end of February. But generally speaking, revenue is split between the review writer, and the voters…so voters who help the review earn it’s place in the top spot earn money too!

 
Peter Administrator 682 post(s)

Top 5 is just for this month. As we earn more revenue, the community earns half, and the bigger the payout in the future the more reviews and their voters per category that earn money!

 
Sharkbytes 1,136 post(s)

This will be interesting. So if we go to a category we can see which products have the most votes? Oh, yes, you can choose to rank them by vote I see

 
cincin 14 post(s)

I am suddenly less excited and more confused.

 
froggy 1,340 post(s)

Cincin don’t worry, I feel lost here too. I’m as usual missing some portion of this equation LOL! and feel stoopid ‘bout it.

 
cincin 14 post(s)

LOL. Thanks Froggy. I’ma just keep reviewing and voting and hopefully enjoying the benefits!

 
froggy 1,340 post(s)

I think we will cincin. There’s still time to iron kinks out and firm up the guidelines a bit:)

 
Rancosto 130 post(s)

I like this, can’t wait to see how it will work!!

 
froggy 1,340 post(s)

Same here Rancosto. I love the social networking aspect to this.

 
karlawmcdonald 322 post(s)

I love it so far!! :D

 
froggy 1,340 post(s)

It;s great seeing everyone pretty much helpin each other!!!

 
MayMonten 6 post(s)

What happens if there are more than 5 reviews in a category that all have the same number of votes (all tied for first place)? Is there some kind of tie-breaker?

 
Michael Administrator 757 post(s)

In case of a tie, the number of comments will be the tie breaker…

 
Tink 1,464 post(s)

Interesting….I leave a comment anyways even if it’s just to say I voted for your review!

 
froggy 1,340 post(s)

That seems fair Michael. I like the idea of leaving comments with votes. It shows the writer that you’ve read some of it hopefully and cared enough to stop and comment.

 
Kakoa 1,112 post(s)

Hmmm…never thought about a tie. Good question! And good answer! I always leave a comment too, even if it is just to say I was there and voted. Sometimes by the end of the night commenting gets long so I end up saying the same quick thing. :-)

 
karlawmcdonald 322 post(s)

I tell you,I just LOVE all of the interaction now! I admit I am reading more reviews now than before and am learning alot from you all,so I have to say thank you to everyone for being so friendly and helpful!!

 
Tink 1,464 post(s)

That’s the whole concept here …community :)

 
MaggieLee 5 post(s)

I’m utterly confused. Admittedly, I haven’t read through all of the many streams and posts and I am new to paid reviewing, so it is undoubtedly my own fault.

Two questions:

1.) Am I reading correctly that we keep on reviewing? The change is simply that, rather than earning a flat fee, we earn based on the number of votes/comments?

2.) At some juncture, does the voting begin to fall into the hands of the general populace rather than the community of reviewers or does one need to be part of said community in order to vote?

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