Thursday, November 8, 2007

The Cheque Out



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The Method Explained

Step 1 - It's original state as before bank had announce the increment of 50cent per cheque withdrawal.

Step 2 - After bank had announced, if they had pass on bank charges to bloggers.

Step 3 - After they increase by a 100% of the bank charges to bloggers fee.

Step 4 - After they realised they make a 50cent per cheque, they further reduce the withdrawal amount so as to encourage bloggers to withdrawal more often because now they are profiteering from each cheque issue so they want bloggers to withdrawal often.

This is no longer good will. There is only this grand excitement to see how they can push for more withdrawal from bloggers. The angst that tips the scale or the arbitraging that so form the basis of their operation. How far will they go to take advantage of bloggers? Their amendment of TOS should be the total disregard of principles of integrity? There is no more good will community pretension; it may soon be an outright disregard.

*There is a mistake in the chart,  fees at step 4 should be $2.
The above chart is a representation of the progress of amendment with withdrawing cheque/cheques per $100. 
The effort is to make a consistent study. I welcome comments and feedbacks.


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6 comments:

DK said...

Someone posted a comment in cobalt paladin's blog to ask people to debunk this. So here I am.

Okie....

Everytime you cashout, they incur labour and material cost. The more you cashout, the more cost they incur. So its normal that they charge you more for cashing out more. The idea is to deter you from cashing out too frequently.

They give you the option to cashout frequently, but the choice is yours. You can still cashout at $100.

Debunked?

Calvin Mad said...

The most intelligent and capable owners of nuffnang cannot in their cloak of giving choice go with two critically important qualities: arbitraging and disregard for bloggers.

In their search for accumulation, they must in their most conscionable way in the treatment of bloggers in 2 ways: Being genuine and be composed of it.

In the sum of it all, they will then be the seen as a genuine community servant as they proclaimed.

This may sound like a mouthful but it is the essence with which bloggers would want to be led and mere guided by scammers, which will then not be a community dot com and does not require fulfilling the above qualities.

How Nuffnang deals with people who wish to withdraw their profit is the manner with which the bloggers will judge whether it is of the community.

Nuffnang may doubt itself of intent to arbitrage on the circumstances: that is fine. However to increase 100% of the charges based on the profiteering invention is not fine. Nuffnang may use their passion of profiteering to guide their control of TOS. Then Nuffnang must ask the simplest question are they reasonably expected to cause a stir in the blogging community, given their amendment were suspected of integrity by community. If the answer is yes then Nuffnang has not behave in the matter reasonably expected to provide, of and for the community of bloggers.

Anonymous said...

DK> granted, everytime you cash out they incur some cost but the cost is minimum, i mean how much for paper ink and things like that? they are part of your overheads and should already being calculated into their business right from the start, how can they not expect to have more than a few hundred customers in the future and then redesign their business framework?

they know customers will want to cash out ASAP but they take advantage of customer in that sense which i think is morally not right.

just my 2 cents.

Anonymous said...

But the choice is still yours, if you are not happy you can choose to cash out at $100. So whats the difference?

Anonymous said...

how in the world NN comes into business is really beyond common sense. They have no intention to give an official reply but just going around those blogs that support them to reply.

What a stupid move.

Calvin Mad said...

You hit the nail on the head there, for the first time in this blog.

The question > How the hell did they even get into the business community? Based on what? Just because they are rich? Someone who has never worked a single day telling me they want to succeed? And not just succeed but as big as Google? Just because they started their office from some cottage? And to think starting from cottage equates to similar level of success? How humble? How realistic? How accurate is that assumption?

Do they have the ability? Are they as smart as those few? Do they have answer to everything? Do they have support? Do they know how to get out of trouble? Do they know even understand the value of customer?

I will leave the answers to those questions for you to find out from this blog.

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Quotes

To accuse this site of being the cause of Nuffnang's corporate behaviour is like the proverbial shooting of the messenger (of bad news)- Harry

No amount of media coverage or publicity can cover up for the lack of deliverance, in my blog at least. If any more friends (especially those with unique visits lesser than mine) ask me about Nuffnang, two words - FORGET IT! - Endoh

Maybe the person concern should reflect more on itself- Claudia

I got an ad this week! Can I boost earnings by asking more friends/visitors to visit my blog? According to Nuffnangs faq, What you earn depends on the number of Average Unique visitors you received in the week before your ad campaign is served. So by the time you know you got an ad coming, its too late to boost the stats. So play hard on your blog every week, not only on the week ads are served. That should keep you on your toes! - Anonymous

If a blog has lower traffic, we cannot ask the advertiser to pay fortunes for it. They pay based on how much traffic a blog gets.- Boss Stewie

... my latest Nuffnang Nike ad only garnered me.....$1.70 PUI!!!! Not even enough for Laurens daily allowance.- Honeymeow

An envelope also doesnt cost 20 cents, where do you buy your envelopes? If you want to charge $1.00, dont tell people its because of this and that, just charge it against their earnings. No one, except you, know how much they are making anyway. So why make the charge visible and risk the ire of the community? Consider that so many of the bloggers carrying your banner are giving you FREE advertising and at the same time giving you the means in which to make a living (without them you have nothing). - Entrepreneur | October 7th, 2007 at 8:28 pm

Labour includes time taken to print out the letter, verify the amount, pack it, and send it off. Labour is more or less subsidised and free in this instance. - Boss Ming

Whilst my peers are making money in comfy jobs in banks or consultancy firms, I have to rely on my family to support my mobile phone bill. Taking an allowance at the age of 24 is not exactly my cup of tea. - Boss Ming

In addition to this there is the postage fee, which by 1st local is 25 cents each (for a stamp). The envelope costs 20 cents each. This brings it up to 95 cents, which means 5 cents for the paper, ink and labour. - Boss Ming

Ive been hosting a Nuffnang banner on my blogs for almost 6 month. Until now I only earn RM1.40 from Firefly Skyscraper 2 which being displayed on my blogs from 01 Jul 2007 - 07 Jul 2007. I really don’t know why Nuffnang can’t gives me the good earning eventhough my blogs traffic is good enough - Anonymous

I also had quite a shock discovery in the past. I ran Nuffnang & Advertlets around the same time, interchanging their banner positions for experiment. 1 month later, while advertlets was earning RM100 (i did not do review for them), Nuffnang gave me only 20 cents! What a mystery. It still has not solved until today. Ppl say I didn’t earn much from nuffnang because of the low traffic but I doubt so. - Zul

With so many thousands(up to 10,000) of blogs *as claimed*, only a hundred or less blogs are selected to advertise. Where do the rest fit in? Nowhere. And so for 80-100% of the time, the remaining thousands run free advertisements for Nuffnang that screams at the eye 'I Serve Nuffnang Ads'. The waiting time is ridiculous and eventually if any, there is not enough Ads to get a Pay Cheque Out because of the minimum sum of $50 to withdraw plus the deduction of $1 for Administrative fee. - Molemole

Have you ever attended any Blog Parties organised by Nuffnang and got to meet other bloggers? Then again... most events (if any) are reserved for people 'closer' to Nuffnang's Co-owner aka Ming. You can almost guess who they are from the Feature Bloggers in the Web. They almost always appear at all Events and huddle together in one group that is almost impossible to penetrate or if you do, meet the hostile glare that says - we're in the middle of our own conversation and you're not welcomed, and you are made to look awkwardly out of place.- MoleMole

I have been using Nuffnang as part of my online monetization tools on one my high traffic blogs for quiet some time now and I am not at all happy with it! :-( I can’t believe that I only earned a pathetic Malaysian 0.30 cents from it. It is utterly ridiculous! I even made more money from Advertlets! I made the decision to totally remove my Nuffnang ads from my high traffic blog a few days back. -Homebis

Congrats on hitting 4k members. Having more members does push your operational cost up. But at the same time, the profits should be increasing at the same rate-if not higher. So if Nuffnang is able to increase their profits the same rate as their membership, then there shouldn't be any problems already. Right? But if Nuffnang is unable to increase their profits at the same rate as their membership, then I think even the $1 transaction fee isnt going to help the company in the long run. Is having more members pulling the company down? - Anonymous

Ming, if you have not get paid from advertisers, then will you return back us $1 when you finally get paid? - Sharon

Boasting about how much advertising they have to bloggers isnt exactly the right mentality to have. No matter how much advertisers you have, are of no meaning to blogger if they arent getting the adverts. Maybe applicable to high end blogs but please be sensitive to lower end. - Bupa

Please stay humble and not telling bloggers you have so much advertisers, if you really really have so much advertisers, then give us some advertisement!! - Cheeze

Ming - We have decided not to comment on the $1 issue, primarily because we feel it will divide the blogosphere and fan the flames of controversy.

Coward -Then why are you commenting here since you said your company decided not to comment on this issue? I see you commenting at several other blogs too. It seems to me that you are only commenting on your supporters blog and not your critics. Weird move I must say.

Timothy - Our clients welcomed us through the door and today we run campaigns for Maxis, DiGi, Honda, Nokia, Nestle, Uniliver, HUGO, Air Asia... you name it.

Coward -Tim, please stay humble, dont let these few adverts get into your head. You havent achieve nothing with these advertisers though i must say they are big companies. You should look at how those tail end bloggers are not benefitting from you doesnt matter you can attract the biggest company in the world

What is Nuffnangs stand? Are low traffic bloggers not worthy of any ads? If that is the case, why the 20 unique visitors limit? Why not raise it to 1000 unique visitors? The reason why this whole issue blow up to this scale is because nobody from Nuffnang came out to address the concern raised by the small time bloggers. Are small time bloggers not worthy a respond from Nuffnang? Is Nuffnang only for celebrity bloggers? Wait… I might not get a respond for this question too. After all, my daily traffic is too low.-Decay

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