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New Commission Structure To Take Affect Immediately – 10/25/2020

As you probably noticed we’ve been experiencing some technical difficulties with commissions this week. As I think I’ve explained before, THCM is a unique website. There are simply no plug-and-play programs out there for the way that we do business. New products every week across multiple vendors, with different lot sizes and prices. I’ve seen one site similar to ours but even they have some limitations.

Last week 2 of the main programs that we use had major updates come through, the program that controls our ability to sell and the program that controls all the vendor functions. New features in these two programs knocked out our old commissions program which was only being held together with duct tape and spit, anyway. C’est la vie. We’ve been hobbling along on that program since February 2017 and we were due for a change.

This New Commission Structure Will Take Affect Immediately

Beginning with order #703558, a new commission structure will be implemented. I tried to keep it as close to the most recent rates as possible but you will see some differences. I don’t like changing this in the middle of a week but there’s really no other way to do it without shutting us down for a day. I don’t think this new structure will create a hardship for anyone but if it does, please feel free to contact me.

New commission structure

For Clipped Coupons

  • For sales totaling $1.00 – $250.00 for the week the selling fee is 16% + $.05 per item sold
  • For sales totaling $251.00 – $500.00 for the week the selling fee is 15% + $.05 per item sold
  • For sales totaling $501.00 or more for the week the selling fee is 14% – $.05 per item sold (Typo. Fixed to read “14% on 10/26/2020)

For Whole Inserts

  • For sales totaling $1.00 – $250.00 for the week the selling fee is 15.5% + $.05 per item sold
  • For sales totaling $251.00 – $500.00 for the week the selling fee is 14.5% + $.05 per item sold
  • For sales totaling $501.00 or more for the week the selling fee is 13.5% – $.05 per item sold

For Peelies, Blinkies, Tearpads and Specialty Coupons

  • For sales totaling $1.00 – $250.00 for the week the selling fee is 15.5% + $.05 per item sold
  • For sales totaling $251.00 – $500.00 for the week the selling fee is 14.5% + $.05 per item sold
  • For sales totaling $501.00 or more for the week the selling fee is 13.5% – $.05 per item sold

Shop Fees Have Been Eliminated

The good news is we will no longer be charging a weekly Shop Fee. In fact, there is no Shop Fee at all. And we’ve never charged a Listing Fee and don’t plan to start.

So the good news is the only fees you’ll have are the Selling Fees.

What You’ll See On The Vendor Dashboard

All of your dashboards should be showing a total commissions number that is 100% of your sales. For example, if you’re charging $3.75 for a lot of coupons then $3.75 is what shows on your dashboard when that lot sells. This will make it very easy for you to calculate what your selling fees are going to be. No more math! Yay!

On Wednesday mornings when I do the Paypal transfers I will adjust each vendors commission rate according to that total sales number, then I will recalculate commissions on all the orders. So if you happen to be online when I’m working on the transfers you’ll see numbers changing on your dashboard.

NOTE: For your own record keeping purposes I strongly urge you to take note of that total before you log off for the day on Tuesday because once I change the commission rates on Wednesday morning you won’t be able to get that total sales number back.

After I’ve finished calculating Paypal transfers I’ll set everyone back to 100% commissions and start the process all over again for the next week.

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