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How Much Profit Will You be Paid?

A full 50% of the profits of MyFavouritePubWalks.com will be paid out to members like you who add their favourite pub walks to the site. Your share of the payout will be based upon the number of times your favorite pub walks are downloaded and profits will be calculated including not just income from members but also any advertising revenue the site generates. Costs of running the site and other expenses allowable for tax will be deducted although the site founder will take no remuneration before applying the 50% share. The calculation of the 50% profits will be verified by an independent auditor and sent to all members adding a pub walk.

Increase Your Share - Tell a Friend!

As your share of the site profits increases as more people download your pub walks, why not spread the word about the site by using the "Tell a Friend" facility shown on each of your pub walks pages?

Profit = Income minus Expenses
Income includes
Expenses include
Members' subscriptions
Website costs
Pay-per-pubwalk
Marketing costs
Advertising - publicans
Other tax-deductible expenses
Advertising - other
but EXCLUDE
Any drawings or salary of the site founder

The first period for the calculation of the profits of MyFavouritePubWalks.com will be to 31 December 2007 and then annually thereafter. If there is no profit in the first year of the site, the first period will be extended to 31 December 2008. Further details of the basis of calculation and when and how it will be paid can be found in the Terms and Conditions.

Pub walks submitted as "Free sample pub walks" which are available free of charge to all visitors are specifically excluded from these profit-sharing arrangements. However, other pub walks offered as free downloads by MyFavouritePubWalks.com as part of the search for the Nation's Favourite Pub Walk and other promotional offers will participate in these arrangements.

If a contributor does not wish to participate in the profit-sharing arrangement then they may elect for their payment to be made to their chosen good case or to be retained by us for offsetting against the following year's site expenses.


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