Should Minimum Payments Be Lowered

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What do you think the minimum payout should be for online programs?

$2.00
0
No votes
$5.00
2
10%
$10.00
15
75%
$15.00
3
15%
Other
0
No votes
 
Total votes: 20

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kurosivo
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Re: Should Minimum Payments Be Lowered

Post by kurosivo » Sun Nov 19, 2017 8:14 am

$10.00 is a nice round figure!
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Re: Should Minimum Payments Be Lowered

Post by barb2birds » Mon Nov 20, 2017 3:33 am

  • My program has always been $10.
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JonOlson
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Re: Should Minimum Payments Be Lowered

Post by JonOlson » Mon Nov 20, 2017 3:36 am

barb2birds wrote:
Mon Nov 20, 2017 3:33 am
  • My program has always been $10.
And you pay each and every week! It is greatly appreciated Barb!
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barb2birds
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Re: Should Minimum Payments Be Lowered

Post by barb2birds » Mon Nov 20, 2017 5:09 am

Thanks, Jon! Great to hear that :)
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Re: Should Minimum Payments Be Lowered

Post by rockyjohnson » Mon Nov 20, 2017 10:07 am

I feel, $10 is a reasonable figure. But most important Question is Will You be Paid?

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BenScott
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Re: Should Minimum Payments Be Lowered

Post by BenScott » Tue Nov 21, 2017 2:14 am

I think $10.00 is fair. You can upgrade in some programs or buy credits for $10.00. Why not pay a commission too.
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Re: Should Minimum Payments Be Lowered

Post by gadrian » Tue Nov 21, 2017 9:22 am

It probably depends on the niche and the market. For a TE, a $10 minimum is fair if, as stated above, commissions are paid, and consequently, if the TE owner has a business plan.
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Richard Taylor
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Re: Should Minimum Payments Be Lowered

Post by Richard Taylor » Wed Nov 22, 2017 1:05 am

Our local grocery store has a loyalty program. For every dollar spent, you get points that can be used in-house or saved up for a Visa cash card. It takes 10K points to qualify for a $10 cashout. With that same 10K points, you could have got numerous items either free or at a reduced price over that time.

I asked the owner how many Visa cards customers have claimed this year (research for a similar program we are considering). His answer? Two! Most customers use the points in-house first.

This was the idea behind having commission payout higher than upgrade or credit costs, so people used them. It doesn't actually cost the customer anything out-of-pocket, they get the benefits, and it keeps commissions in-house. Sound business logic.

It is not the fault of the program owner that you can not reach the previously agreed upon cashout value, no matter what that is. You DID agree when you joined to the stipulations for payout, and in most cases, the means to benefit under that threshold are provided.

I am not arguing that payout levels should be unduly high, by any means. We all have our own opinions as to what is 'within reason' for each situation.

If I were to open a new program, I would take into consideration what the potential consumer/customer thought reasonable, and balance that against other aspects to find a medium that works for everyone involved. However, asking existing programs with established protocols to lower them may be unrealistic.
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Re: Should Minimum Payments Be Lowered

Post by JonOlson » Wed Nov 22, 2017 1:11 am

Yeah thats a good point, I mean someone getting upset that they aren't able to cash out at 10 bucks because they have 9.40 in the commissions...Simple remedy, refer more paying customers :)

Which is a win / win! lol
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Re: Should Minimum Payments Be Lowered

Post by NFO-Wisdom » Wed Nov 22, 2017 5:33 am

Best way to keep members happy is to pay them.

Site owners get paid first, why string along a member, specially if that member is pay
their upgrade monthly.

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