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Of that $55, how much do the editors get? Are they all paid the same?
by wrycoder 4y ago
Of that $55, how much do the editors get? Are they all paid the same?
- stewfortier 4y agoWe've experimented a lot here. In our latest iteration, a fixed "bounty" gets assigned to a draft. Contributors have access to a feed of drafts that fit their skillsets & interests. The writer can then indicate how helpful each contributor was and the bounty is split pro-rata amongst those contributors. We had originally assumed that editors would not like this sort of variability, but two things have ended up happening: 1) their per-hour rate ends up being the same on Foster given that the work comes directly to them (no selling themselves, doing onboarding calls, etc.) and 2) they strongly value the freedom to select drafts that intrinsically interest them. It also leads to a much better experience for the writer since there tends to be more of a missionary spirit, rather than a purely mercenary one.
- ayewo 4y agoI like your framing of missionary versus a mercenary spirit. What percentage do you get to keep out of the $55? Or, perhaps a better question is, since you are running a two-sided marketplace, do you make money off of buyers (writers) or suppliers (editors) or both parties?