^ I’m talking about something else. In the invoice that i received from Envato it says that i’ve received only $12.5% from the 70% that i already got. So it’s a clear error..
Nope, according to Envato’s fee structure 12.5% author fee is correct. You’re not receiving 70% of list price first.. you’re receiving 80% of the list price, and then 12.5% author fee is deducted. So the amount of 20% buyer fee plus the amount of 12.5% author fee would make up the over 30% of the list price Envato receives, and you end up with 70% of the list price after the two fees are deducted.
Huge milestone congrats, onward and upward to 1m!
I got the earnings has been calculated email on Feb 28
@SpaceStockFootage, well Envato wants to only reflect gross income for some reason, so we’re not going to get any statement that reflects our net income which will match what we can actually withdraw from our accounts.
^ ok right the $439 is what you actually received on your account, I thought the calculation was a little off Yes there is no invoice that will say how much you actually received in your account after deductions. Only an amount which shows gross income, which is basically 80% of the list price, and then the author fee amount.
I like the new monthly invoice feature. Surely they’re almost worthless for tax reporting reasons though? Mine says a total of $255 for Feb, when my actual earnings were $439. I’m kind of getting my head around the whole author fee/buyer fee thing, but if $255 is my author fee, then what is the other $184 called which I don’t get an invoice for? Thanks!
The $184 is your net income. ($439 gross income from buyer less expenses of $255 author fee)
Because some authors create items for niches that are currently selling well, instead of guessing of a niche that could do well (more risk) It’s only unhealthy when items end up looking similar, but original concepts is healthy competition.