We feel that part of the value that we offer to our Network of freelance video editors and post-production professionals, is that we handle the marketing, sales, billing and collection on all of our projects. Our ability to do that frees the members of our Network up to do what they do best - edit, create, and in general, work their magic.
We've gotten a lot of questions regarding how and when StudioNow pays its Network of Editors commissions on purchased projects. We're in the process of developing a new FAQ section for the editors, but I wanted to go ahead and answer this important question.
1. How are commissions calculated?
As of the date of this post, StudioNow calculates project commissions from the purchase price of a project. We agree to pay no less than 30% of the purchase price, and currently we are paying 50% commission on every purchased project.
2. When are commissions paid?
The moment a project is purchased, our system calculates the commission owed on the project and registers that the responsible editor is owed that amount. Our system keeps track of each editor's projects and commissions throughout the calendar month, and any commissions that have been accumulated during that month are paid out to the editor on our about the 15th of the following month.
3. How can I track/verify my commissions?
Obviously, we are tracking your commissions here at StudioNow. We acknowledge that you need a way to see what you are earning, and currently we do not have that available for you. We are in the process of developing a page that will allow you to track your commissions in real-time, by project. We hope to release that page within the next 45 - 75 days. In the meantime, we recommend to all of our editors that they do their best keep track of the projects that are purchased.
4. How are commissions paid?
Currently, we are paying editors by check on a monthly basis. We are evaluating other options and will be enabling those in the future.
5. How do I dispute a commission?
Well, hopefully this won't happen, but if you believe that something isn't quite right with your commissions, please email support@studionow.com
Okay, I think that is about it... that hopefully will answer your questions. Just in case, however, let's look at a hypohetical example:
Joe Editor has 10 projects purchased in the month of November, and the cumulative purchase price of those projects is $1000. He begins another project on the 29th day of November, but the project isn't purchased (for $100) until the 2nd of December.
StudioNow calculates his November commissions at $500. A check for $500 is cut and sent out on our about December 15th. The $50 commission earned on the project begun in November but purchased in December is counted on the editors December commissions and will be paid in January.
As always, please let us know if you have any questions or thoughts on this procedure. We value your feedback.
Have a great weekend.
John
