Friday, August 04, 2006
Yikes!
Squidoo has a revenue sharing model. We call it a co-op. People talk about what matters to them, recommend great content, and maybe earn some royalties along the way.
Some lensmasters are earning upwards of $50 a month, straight into their pockets. Others are donating their royalties to charity.
We're very proud of both sets of people, and are working to optimize earnings for everyone, the entrepreneurs and the fundraisers alike. At the same time, we're delighted to see how well the traffic model and content-focus is working. Because our lensmasters are making outstanding lenses.
BUT...But today we screwed up.
Today we processed our monthly payment, and as a result of a recent push of new features, something in our payment reporting broke.
Some of our lensmasters who set their royalties to cash, saw their royalties sent to charity instead.
Yikes.
We're really sorry. We've got a tiny team, but I can promise you we're all home on a Friday night working to fix this.
So, now what? For those of you that this happened to, please rest assured that early next week we'll be paying you your cash in full. It's yours, and you'll get it.
Also, we'll be spending quite a bit of time, before the next payment period, to purge our system of any remaining bugs and to make sure that your payment settings are indeed sticking.
In the meantime, I invite you to send a note to me directly if you're having trouble or have any concerns about our payment system. Megan [at] squidoo.com.
Thanks for hanging in.
Megan
Editor in Chief
Squidoo.com
Some lensmasters are earning upwards of $50 a month, straight into their pockets. Others are donating their royalties to charity.
We're very proud of both sets of people, and are working to optimize earnings for everyone, the entrepreneurs and the fundraisers alike. At the same time, we're delighted to see how well the traffic model and content-focus is working. Because our lensmasters are making outstanding lenses.
BUT...But today we screwed up.
Today we processed our monthly payment, and as a result of a recent push of new features, something in our payment reporting broke.
Some of our lensmasters who set their royalties to cash, saw their royalties sent to charity instead.
Yikes.
We're really sorry. We've got a tiny team, but I can promise you we're all home on a Friday night working to fix this.
So, now what? For those of you that this happened to, please rest assured that early next week we'll be paying you your cash in full. It's yours, and you'll get it.
Also, we'll be spending quite a bit of time, before the next payment period, to purge our system of any remaining bugs and to make sure that your payment settings are indeed sticking.
In the meantime, I invite you to send a note to me directly if you're having trouble or have any concerns about our payment system. Megan [at] squidoo.com.
Thanks for hanging in.
Megan
Editor in Chief
Squidoo.com
# posted by The Fantastic Squids @ 10:39 PM 
