First, let’s cover the basics on pricing, payouts, and revenue-share. Then nerd out on the math behind your Earnings metric. This way you fully understand how the Earnings metric can help you grow.
Here’s the Earnings Formula:
Gross Revenue – Revenue Share % = Net Sales = Earnings in Your Bank đ°
It’s found on your Sales page (available to Partner accounts only).
1st: You Set Your Pricing
When you add your Activity, Event, or Product to exploringnotboring.com đ you define the price you want to get paid in the Pricing section of your Listing. There we estimate your earnings per sale based on our revenue-share model.
When you sell on exploringnotboring.com, you can count on:
NO subscription fees
NO payment processing fees
NO volume fees
NO hidden fees
NO bullshit!
You just find simple, transparent pricing. See how it works.
2nd: You Enjoy Your Payouts!
When a Seeker books one of your awesome experiences or snags one of your products, youâll see all the juicy details of that order on your Sales page. Your Earnings from that order are immediately transferredâYup! You don’t have to wait to get paid until after your activity, event or product is delivered đ€ź
This instant payment transfer on any sale is called your Payout.
3rd: We Invest the Revenue-Share %
For every sale you earn, we earn 10% to invest back into the platform. This is how we build the tools you need, amplify everything you offer here, and support this RADASS community of people taking action.
The Math Behind the Earnings Metric
The Earnings metric on the Sales page helps you track the money you’ve earned on exploringnotboring.com đ
It’s your Net Sales, your Payout, the total dollar amount you’ve earned.
It’s calculated as:
Gross Revenue – Revenue Share % = Net Sales = Earnings in Your Bank đ°
Where as…
Gross Revenue = All monies collected from your customers
Revenue Share % = 10% per sale (5% for non-profits)
For example:
If you sell a ticket for $100, your earnings for that order would be:
$100 – $10 = $90
Why is Your Earnings Metric Important?
Your Earnings metric helps you track your profitability, identify top-performing listings that drive higher earnings, and measure growth.
Here are 4 ways to use the Earnings metric to help you grow:
- Refine Your Offerings:
Compare the earnings of different listings to see what resonates most with your audience. Double down on whatâs performing well! - Optimize Pricing:
Test different pricing strategies to maximize both revenue and net earnings. Consider offering upsells or bundles to boost your overall sales. - Promote Your Best Sellers:
Use the data to focus marketing efforts on high-earning listings, ensuring they stay top of mind for customers. - Set Growth Goals:
Use earnings as a benchmark to track progress and set clear financial targets for your business.
By measuring your earnings, you can make data-driven decisions to boost your profitability while delivering exceptional experiences to your customers! This is important, not just for putting food on the table, but for building a sustainable business that allows you to continue delivering to your customers today, tomorrow, and for years to come.
OVER TO YOU
If you need any help, you know where to find us đ
- Find the answers you need in our Help Center
- Email us at support@exploringnotboring.com
The information in this article is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
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