I lost a pack of 23 followers!! Mass exodus??
Congrats mate!! It’s very nice to see your sales growing fast my friend!
Awesome animation!! Great share!
How I understand it, Envato is now pretending they never got the money from the purchase, but only the buyer fee. and from us they get only the author fee.
So basically, before they had a turnover of 100% of the sales volumes, but then losses as high as the author’s percentage. so their income is only 30% (with elite authors)
Now, they say all they get is the commission, so in case of an elite author they pretend that their turnover is only 30% paid by buyer and author and not the whole 100%. The income remains the same, of course.
If you scale this up, this can make dramatic differences with tax laws. Instead of 100 million dollars turnover, they now pretend to only have a 30 million dollar turnover. That can give you much more benefits when it comes to paying taxes.
Problem I see is – this is surely a legal grey area. If we are honest, they get the money and pay us, not we get the money and pay them, although they let it look like that. They can earn interest with money in their accounts they pretend to never had, because the buyers are paying us and not envato.
As others already pointed out, to make this seem more legit, we need to have control over OUR money, as you say now. No wait time for withdraws, whenever we want, like it is my own bank account.
But as we are still bound to envato paying us our money, and even have to wait up to 45 days to get that money, you cannot really say that we have the money to begin with.
This is how I understand these changes. Basically, it smells like they try to get a whole lot of money around taxes. Bank account in Switzerland, anyone?
If anyone wants to clarify the need for this change without any incomprehensible corporate talk like “this way we can focus on buyers more, as they are paying a fee now”, that don’t make any sense to me as the money you get is the same (so there is no difference what you can do in your services, unless you pay less taxes and get to keep more of the money).Maybe I just don’t get it
Well I have to admit that it looks like you are totally right!
ikonome saidAnd those fraudulent authors are still enjoying the exposure, getting more sales even though they already got punished. Quite a joke if you ask me.
Some genuine authors have got knocked off those popular lists and thats the real shame.
So the lesson learned from this story is: you can cheat – we will find out – we will remove those fraudulent sales – your fraudulent sales will count on the popular list – you keep the exposure!
Quite a joke indeed!
I love this idea! How about a category that displays only one item from each author! Maybe the one each author has set as featured, and is 4-star rated at least. Or perhaps the one envato has chosen for each authors (could be changed every month). That would definitely give a boost of exposure!
Happy b-day envato!! And congrats for the new badges! It may take a while to get used to them, but we will definitely love them!!