Get Paid Forum - Get Paid Discussion > Reading Money Financial problems

Full Version: Reading Money Financial problems

Get Paid Forum - Get Paid Discussion > Get Paid To Programs > Industry Announcements

tipsy

Aug 13 2002, 10:46 AM

In an email to it's members the webmaster of reading money tell it's members that they can not afford to pay people who have requested payment and so because they are not bringing enough revenue in they are lowering referral percentages and will announce percentages by the weekend.

QUOTE

due to ack of advertising revenue i can not affor to pay all of the
people who have requested cashout.I have paid ~ 10 people so far but that
is obviously of no comfort for those who have built downlines.As it is
I have offered 2 of the gptre's for sale and will have to do the same
if things do not get better here.In the meantime I have to reduce
referral %'s.When I set up the program I obviously didn't take into account
what % of theaite's total income 5 levels of such high payout rates
would add up to and have found it is not worth it for me to continue if
at the end of the day I only net 25% of gross income
25+20+15+10+5=75
I understand that many of you will be mad and will unsubscribe but if I
have no members advertising I can not pay you .It is as simple as
that.I plan on restructuring the payout plan for those who will bear with me
as I am an honest person and would never have set such lofty/high
referral %'s if I knew I could not make payments.Take care and I apologize
to all.I will have new structure figured out by the weekend meanwhile
good luck to you all.

GRL VenCap

Aug 14 2002, 04:38 PM

I guess not everyone is business savvy or maybe it's just plain bad luck?

I don't understand how some program owners 'do' so well AND some 'don't'.

Maybe it's the way they manage their business. ~

Emailsformoney

Aug 14 2002, 07:28 PM

Maybe it's the way they manage their business. ~

You got it in one!

cy_

Aug 25 2002, 08:31 AM

WTG COINGALLERY !

Any chance of what you say here being COMPULSORY READING for ALL would-be webmasters?

It would save the wannabes from becoming couldnabes and the rest of us one heck of a lot of time, energy and promotion-money!

Cy

adsl18

Aug 26 2002, 12:57 AM

cheater

lene

Aug 26 2002, 01:59 AM

if they are having financial problems why do they keep on sending links that pay a lot?
I just clicked on one worth 50 cents

lachlanm

Aug 27 2002, 02:07 AM

QUOTE (lene @ Aug 26 2002, 07:59 AM)

if they are having financial problems why do they keep on sending links that pay a lot?
I just clicked on one worth 50 cents

theyre meant to be .5 cent links, the owner doesnt even realize we are guessing, how anybody couldnt realize that people are cashing out with 3 or 4 referals and thinking hmmm i have 2000 members with accounts that are about 5000% more than they should be and thinking hmmm ive just lost thousands of dollars somwhere shouldnt own a gptr, they shouldnt own anything, im sorry but its true

This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.