[Ipg-smz] Payment Schemes and Incentives

[Liam J. Kelly]

Right, I think the third scheme is the soundest proposal. I think it also incentivizes loyalty to a publication, which, as an editor, is always a nice thing. 

A publication also demands longer-form, deep dives from time to time too. Would it be too demanding to include this expectation in the flat rate + incentives model?

Something like, along with daily news coverage, a writer is also expected to write two or three articles that push the 1,200-word count each month. Or do you think that should be excluded?

Thanks again all for sharing your thoughts, much appreciated. 


From: Dana Blankenhorn
Sent: Friday, 14 June 2019 14:48
To: ipg-smz
Subject: Re: [Ipg-smz] Payment Schemes and Incentives

I have had many payment schemes placed before me over the years, but the one that has won my loyalty is a guarantee, with incentives.

In the 1990s I was paid per article, when I wasn't (briefly) earning a salary.
In the 2000s I was paid per page view, 1 cent per view. But I don't know that publishers can get that anymore.
In the current decade I've been happy with a monthly guarantee. It has incentives I don't worry about meeting, and it makes for a comfortable ride. 

Of course, I have a wife with a good job. <g>


Dana Blankenhorn
http://www.danablankenhorn.com
http://investorplace.com/author/danablankenhorn/
http://seekingalpha.com/author/dana-blankenhorn/articles



On Fri, Jun 14, 2019 at 8:01 AM Matt Heusser <matt at xndev.com> wrote:
Flat rate per article, planned a quarter at a time, modest discount (2.5%)  for 10 or more articles a month.

On Fri, Jun 14, 2019 at 7:33 AM Liam Kelly <ljkelly1888 at gmail.com> wrote:
I'm working with the CEO of BTCManager at the moment and we're discussing payment schemes for writers. Thought this group would have some sage advice on the matter.

So, we are thinking of three different models:

- A flat rate per article, not word count. Writers can write however much or as little they like. 
- A flat rate per month, but writers must write x number of articles per month.
- Combination of the two. Writers are paid a flat rate per month for x number of articles, but once this threshold is crossed move over to a flat rate per article. 

Personally, I think the third scheme is likely the best. It guarantees a steady flow of articles each month, and writers are incentivized to go out and catch more stories. 

Any comments (even disapproving ones) are highly welcome.

Cheers,

Liam  
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