After a few grim months of server and data problems and a downturn in business, things are finally looking up again at 4Daily.com!
Business is picking up nicely, the servers are running well and our plans are coming together at last.
4Daily.com has a new, sleek site design. We are now selling 5-star banner space on the header of most of our pages to the public at premium prices. Members can now use their cash to buy banner impressions on our surfbar.
We continue to clean up errors in some accounts and we will be rolling out more new developments during September.
I have been doing some early estimates of the payout situation for September 15.
As most of you understand, we have a large backlog of members waiting for payouts and very limited funds available after the site problems of the past few months. For the time being, we will pay a percentage of your cash due each month until our cashflow improves.
As it stands right now, it looks like the September payout could be only a couple of percent, and we have been working hard to find the best way to improve that.
It is not economical for us to process payouts of less than $8. If we pay a very low percentage, it will mean that many thousands of accounts will miss out.
So, while things continue to improve over the next few months, we will apply a cap to larger payouts and a bigger percentage for smaller payouts. That will allow us to pay more members a better amount.
We are still working the figures for September, but if we pay the $8 minimum to all small accounts that are due to be paid between $8 and $80, and cap larger payouts to a maximum of $200 per account, we should be able to pay the vast majority of members about 10%.
Instead of a few thousand accounts getting a small percentage and most getting nothing, around 40,000 members who have at least $8 in their Cash Balance will get around 10% - a minimum of $8 up to a maximum of $200. If all goes as expected, we will be able to increase the percentage and the cap next month.
Of course, unpaid amounts will remain in your Cash Balance for future payouts.
Here are some options you might consider:
1. Defer payout until later. If you set the payout processor on your account to "None", you will not be paid this month. that will make more funds available for others, this month or next.
2. Use your earnings to upgrade your account. You will get the full 100% benefit of your cash now if you spend some or all of it before payout day instead of withdrawing. You can increase your earnings immediately and avoid processor fees.
3. Spend some or all of your cash on extra credits for your sites. Or place your banners on our surfbar, showing over 1.5 million times per day. You can benefit from extra advertising of your other programs at our low, member-only prices. Alternatively, you can buy banner space on the header of our other pages with outside funds.
4. Upgrade your downline. Use some of your cash to encourage your referrals to buy more upgrades. Your cost may be recovered by your commission when they buy upgrades with their own money. If you have multiple accounts of your own in your downline, you can still upgrade them (no commission) and earn with them until the end of September. You must stop surfing them from October 1 but you could make a small profit by then if you upgrade before September 4. It takes 25 days to earn your money back.
5. Take your payout. If you want cash now, let your payout flow. Make sure your payout details are correct before the 15th.
Many, many thanks for your patience and support through this rough patch. It is so good to be back on track again, with your magnificent help.
Jim Hunt
CEO, 4Daily.com
PS: Our thoughts and best wishes are extended to those affected by Hurricane Katrina.
PPS: Some details of your account have now been moved to your HISTORY PAGE. Please use the link in the member menu above.
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