Setting a fair commission is an important part of creating a compelling offer. Setting a fair, appropriate commission ensures that you attract Drummers who love your product or service and feel good about promoting it for you!
- Set a Budget or Redemption Limit
- Just like budgeting for a tip when going out to a restaurant, include commission in your Offer budget. Whether you do this by entering a dollar amount or redemption limit (number of times the offer can be used) is up to you.
- Consider the Workload
- Successful Drummer will do more than just hit “Share” on your offer. They hit the pavement, establishing connections and cultivating a large, strong network of friends and followers. They craft their own personal brand that you directly benefit from; this takes time, patience, and skills they practice again and again. Consider this when setting your offer's commission.
- Successful Drummer will do more than just hit “Share” on your offer. They hit the pavement, establishing connections and cultivating a large, strong network of friends and followers. They craft their own personal brand that you directly benefit from; this takes time, patience, and skills they practice again and again. Consider this when setting your offer's commission.
- Consider your cost per acquisition
- How much are you willing to pay for a brand new customer? That's a good question to ask yourself when setting your offer's commission.
- Touch-and-Go
- Still stuck on what feels like a fair number? While settling on a dollar amount no matter your approach will require refinement over multiple offers, you have to start somewhere. A good rule of thumb for first-time business posters is setting a commission between 15 and 25%. You can always adjust as you gain experience making Offers.
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