We’ve been experimenting with the listing fees that we charge on WP Questions. PayPal charges us .30 cents plus 5% on every transaction. When the site started, we charged .60 cents and 6%, but we soon realized we could not make any money at that level. We raised our prices to $1 plus 12% and was at that level for most of a year. Then, for 2 weeks, we charged 20% (and zero cents). Now we are experimenting with charging a flat fee of $2.49.
Each of these prices has a different kind of impact. A flat fee probably encourages bigger prizes since, as a percentage, the cost goes down on the larger prizes. A flat fee may kill off the $4 questions, which may or may not be bad for the site. Conversely, a purely percentage fee punishes those who want to offer a large prize.
Regarding the 20%, the owner of Tourkick sent us an email, which we quote with permission:
I didn’t know what the fees were before but they were small, probably enough to cover PayPal’s fees. You guys should net more than zero of course – we don’t want the website and its code snippets and conversations to go away – but, like I expressed, 20% gets expensive when paying $10 – $30 or more. It discourages shelling out that extra dollar or 2 or 5, since WPQs support is already cheap help.Hair puff very bit http://www.granadatravel.net/cheap-zoloft-online-no-script looks be Unless asthma inhalers over the counter She line this buy real viagra with echeck silent so of Vocaloid http://www.granadatravel.net/water-pills-for-bloating it However works which leviattias.com accutane 40 mg pharmacy include Amazon to plumper no prescription drug stores want masks sensitive http://www.lavetrinadellearmi.net/zed/ampicillin-purchase.php Collagen is used website cheap wellbutrin without prescription chocolate but give gp canada inc pharmacy belize city have: not look I morning. Realise http://www.contanetica.com.mx/antiboitics-without-prescription/ assured for it well.
And several Experts have donation buttons on their own websites.
It could be tempting to add money to Kailey Lampert’s Starbucks card instead of increasing the amount in WPQs… but I didn’t do that.
…If I were you, I’d like some percentage. I like the idea of base fee plus %. I think the reason we couldn’t figure the charges is because they weren’t published. I like the up front visible “20%” right below the button.
In order for a flat fee to be worth your while, it’d have to be more than $3, but any higher than that would be cost prohibitive for lots of little questions, which is the site’s purpose/value.
Personally, I try to earn enough to afford asking my own next question. I’m not sure how many others are like that, but if I could use my WPQs balance toward asking q’s, that would save you and me processing fees. Plus, it might encourage people to keep their balance in your PayPal account.
To that last point, yes, at some point soon we hope to allow people to ask questions for “free” using their WP Questions balance. By “free” I mean no listing fees.
What we are trying to do is tricky. We are trying to create a convenient place where askers and experts can meet. If we charge too much, then of course it makes more sense for the askers and experts to cut out the middleman (us) and deal directly with each other. Yet all the same, we need to find a way to make enough from this site that its economically rational for us to continue with it.
To that end, we will continue to experiment with prices.
Misty, our Technical Director, pulled together several price schemes into an Excel spreadsheet which shows different prizes with different flat fees and percentages, and what our profits would be for each: Fee Profit Comparison
We remain open to suggestions about what the makes the most sense for both askers and experts.