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