Payouts & Dashboard Updates

‘’Let’s go invent tomorrow instead of worrying about what happened yesterday’’

                                                                                                                          – Steve Jobs

In an attempt to give a better tomorrow to our campaigners we at MDS are continuously working towards building a sustainable technology. As we started scaling, we  realized some challenges with the existing Payout system which we wished to solve:

– Earlier the campaign hit payout only when all the products are delivered/ returned. We call it as a campaign level settlement. Being a campaign level settlement, even if a single order wouldn’t get delivered (due to buyer unavailability/ transit issues) payouts would be on hold causing delayed payouts. Eg : Campaign got successful & 121 products are sold, 110 delivered, 9 returned, 2 are still in transit even after 10 days. Sometimes logistics cause issues like these.- Campaigners willing to start new campaigns couldn’t start off due to lack of funds caused by delayed payouts.

We figured out that this kind of payout settlement of your payouts was barring you from receiving your deserved profits on time. Hence, we have created an all new payout system which takes care of all the above challenges and many more additional benefits.

– It’s an order level settlement. Now you are paid on weekly basis for the products that are delivered till certain point of time.

– It’s a weekly cycle and hence campaigners will always have enough funds to start new campaigns.

Following is a detailed view of how the changes look like.

DASHBOARD:

Each of your campaign block now contains a ‘’Campaign ID’’ which should be used as a reference number for that particular campaign while inquiring about that campaign with us.

PAYOUTS:

On clicking on your campaign block you will now see the options as shown below. You will now be able to download a detailed ‘’Campaign Report’’ which will help you track payouts at an order level.

Payout 1 final

 

a) Payout Earned: Total payout you have earned from the campaign

=(Products delivered*Profit per product-affiliate charges)-TDS

b) Affiliate Charges: It’s the amount that goes to your affiliate from your profit for every sales from the affiliate link provided, the affiliate link is enabled.

For Eg : Say, Base Price and Selling Price of the product is 300 and 500 respectively. Therefore profit per product is 200. Lets consider you sold 5 products out of which 2 were sold through affiliate link. Now, your profits would look as follows:

Payout 2

c) Payout Paid: Amount paid to you as payout out of the total amount earned.

d) Campaign status: .Your campaign  can be any of the following stage: Ordered, Production, Started, Printing, Dispatched, In Transit, Delivered.

e) Campaign Report: Your ‘’Campaign Report’’ will be an excel sheet and will contain multiple parameters which can help you understand the demographics, purchase behavior of your buyers better. This will also bring in transparency.

It also has payout date – which represents when the payout for that particular order has been processed by us. You can estimate the payout amount you would be getting which will help you plan your marketing budget for future campaigns.

How to use the Campaigner Report:

This ‘’Campaigner Report’’ will be providing you with lot of other important data that will help you improve your targeting and shoot up your sales.

– Information about Product, Color, Size, and Quantity will help you analyze which product is in demand and what you should feature in your Ad banner while promoting the campaign.

-Purchase Date will help you analyze the days when the purchase activity is high and hence start you Ad campaigns accordingly.

-The State and City will help you figure out your location targeting.

PAYOUT CYCLE:

With this update we are moving into an order level payout system. Your payout will be rolled out on the same day of every week.

Say, if you received your first payout under this system on a Monday, you would be receiving your payouts on Mondays of every week. A particular payout will contain the profits you earned from the products that got delivered since the last payout till that particular payout. You can get the payout of a product 8 days after the delivery of the product.

This feature is currently in its beta version and hence you may contact us in case of any issues. For further clarification regarding any feature feel free to contact me at swati@mydreamstore.in .

 

 

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