Taking a cue from my good friend Steve Eley at EscapePod, I’ll be sharing monthly donation information. No, we’re not a non-profit (heck, we don’t even know what we are at this point), but since we’re asking for your hard earned cash, you ought to know where it’s going.
In October, your generous contributions totaled $153.86. Some of you donated more than once, which is great. Most of you donated the default $9.99, though a handful chose to lower the amount. No issues with that. We (and the authors) are just happy to have a contribution.
The “fees” on these contributions came to $10.54, an amount which was absorbed by Podiobooks.com. This is a cost of doing business, and one I’m not comfortable passing on to the authors.
The total amount due our authors came to $76.93, or exactly half of the original contribution amount. The authors who have “completed” books received payment a few days ago. Those who are “in progress” have their monies held in reserve. In the event an author does not complete the book, any and all donations collected will be returned to the donors. Seems the fair way to do it.
Lastly, Podiobooks.com took in $66.39 of the donations. We debated blowing it on hookers and beer, but decided to be a little more prudent in the end. We still need to pay our hosting provider, plus there are some cool tools we could sure use which would help make your experience on the site a little better. So for now, we’re holding on to the cash, watching the interest increase by literally pennies every month.
I’ll update you again in a few weeks when the November numbers are final. In the mean time, thanks for listening, and tell a friend. Hell, tell fifty.