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Any specific reason why the minimum withdrawal limit is M$40, and why can't it can be less than that?
Only 54 people have reached the limit according to http://www.mahalo.com/answers/top_members?sort=tips_received. For that at least people should have 30-40 best answers unless they are lucky if they get best answers for M$10 or M$15 question which are quite few. It will take quite a long time to receive don't you think. Any specific reason?
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A lot of the people you see below that $40 mark either just joined or haven't been on in months. Most people quit because they lose interest in the site, or don't want to wait for their balance to go up. It's not that difficult to do $40 in a month. I'm a new member, but if I keep my current pace I'll get a payout definitely next month. It just takes being diligent answering questions and coming back to the site everyday. It seems difficult at first, but if you're answering 5 questions per day they'll stack up to a lot of money by the end of the month. You won't be Best Answer on all of them, but if you can win Best Answer once or twice per day then you can easily put together $40 Mahalo Dollars in the span of a month. For regular users of Mahalo Answers, $40 just isn't a large amount. Though, I can understand being frustrated as a casual user.
Mahalo Answers also smooths its balance sheet by giving payouts to only people above $40. If it were lower then there'd be a lot more people hitting that mark every single month, and then it would spike in months where there was better than average traffic to the site. By setting it at $40, the heavy users are happy because it's not difficult to hit, and Mahalo is happy because their Paypal payments are a lot more predictable. The casual users that receive payouts probably rotate pretty reliably, and so they probably know from looking at the numbers exactly what the budget is going to need to be for Mahalo Answers payouts over the next year or whatever.
I wouldn't be surprised if the thing you pointed out with the top 50 users is purposeful. They're keeping a lot more money in the system by not paying out under $40. Go take a look at how many users they would have to pay if it were $20, and then look at how long those people have either been on the site or how long ago they left.
Mahalo wants to reward the die hard users of the site that come back every day. A $40 minimum is the best way to do that. If you're earning a payout then it's probably the truth that you're a very regular user.
Mahalo Answers also smooths its balance sheet by giving payouts to only people above $40. If it were lower then there'd be a lot more people hitting that mark every single month, and then it would spike in months where there was better than average traffic to the site. By setting it at $40, the heavy users are happy because it's not difficult to hit, and Mahalo is happy because their Paypal payments are a lot more predictable. The casual users that receive payouts probably rotate pretty reliably, and so they probably know from looking at the numbers exactly what the budget is going to need to be for Mahalo Answers payouts over the next year or whatever.
I wouldn't be surprised if the thing you pointed out with the top 50 users is purposeful. They're keeping a lot more money in the system by not paying out under $40. Go take a look at how many users they would have to pay if it were $20, and then look at how long those people have either been on the site or how long ago they left.
Mahalo wants to reward the die hard users of the site that come back every day. A $40 minimum is the best way to do that. If you're earning a payout then it's probably the truth that you're a very regular user.
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Your answer is very helpful.
The most likely reason for this is to reduce transactions. If they were to pay someone once they reach $10 instead of $40, there would be 4 times the transactions. Also by doing this, they keep the people answering questions coming back to there website. =)
yeah nice business tactic. thanks for your answer :)
Basically, its because the M$40 = US$30, which is the lowest amount they're willing to give out.
yeah thanks for your answer that's why i asked why 30$ why not 15$ :). is M$40 = US$30 a lucky number??
Paypal does charge fees for businesses using it for transactions. Mahalo has capital venture investors who put up the initial money given out; they don't want their money given out to Paypal instead of the MA users. If the amount was lower, they'd have to give out more to Paypal in fees.
Because who ever is in charge of researching such things has determined that M$40/US$30 is the most likely "happy middle" between the two extremes:
* Too low, and Mahalo will be bankrupted by transaction fees (from frequent transactions) and lack of interest earned (from lack of time "our" money sits in Mahalo's bank accounts)
* Too high, and Mahalo will be bankrupted by lack of users willing to put in the time and effort to reach that high a mark, and consequently lack of ad revenues (paid by the number of views/clicks each ad receives)
Presumably, someone has worked out the numbers of how high they can make the limit before the threshhold of people not willing to stick around has been reached.
* Too low, and Mahalo will be bankrupted by transaction fees (from frequent transactions) and lack of interest earned (from lack of time "our" money sits in Mahalo's bank accounts)
* Too high, and Mahalo will be bankrupted by lack of users willing to put in the time and effort to reach that high a mark, and consequently lack of ad revenues (paid by the number of views/clicks each ad receives)
Presumably, someone has worked out the numbers of how high they can make the limit before the threshhold of people not willing to stick around has been reached.
Great question (although the gammer and spelling could use a little work!). Here's my first answer in video format.
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The most important advice I can give is to stay on top of new questions. If you can be the first to answer a question really well then most of the time, if your answer is sufficient, the asker will give you the tip. Being first counts for a lot, but it has to be a quality first post.
Also, keep track of questions you've answered. Check back to respond to comments or to follow-up if new information has become available. You can create a lot of good will with the askers by doing this. There's a lot of people on Mahalo that hit and run questions with cut and paste from Wikipedia. Taking the short amount of time to rephrase things in your own words, and to use Wikipedia's sources as your own sources(instead of Wikipedia itself) makes your work feel a lot more substantial.
http://www.youtube.com/watch?v=-6b0kTbf5po