Should Mahalo set its tip minimum price at 50 cents instead of 1 cent? The one cent voting is annoying and does help much to get an answer.
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$3 Answers
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
Voting by itself pushes popularity. However, answers are avoiding the popular but cheap questions. I have seen questions with vote counts as high as 4 without an answer. This means four people voted the question as interesting but no one want to answer it because they were looking for price. The price support for the question collapsed. 4 votes at 50 cents would have raise the value of the question to $2. Junk questions would be ignored because the cost incentive would not exist to support them. High quality questions would be both popular and profitable to answer, a hybrid between Highest tip and popular.
I think Mahalo should try the 50 cent minimum tip for a month and see how the answering ratios balance. I think more people will answer at a higher incentive. The questions being voted would be important because the cost would measure the demand for the answer.
I don't think the 1 cent vote show you demand. I see alot of blanket voting where questions are ignored because price is not supportive. I'm proposing to get price ranges into the supportive thresh hold. You will get richer faster? Don't you want that?
Most of the colored belts have hundreds of dollars. I've spent 330 dollars in tips and question bids. I think 50 cents is a reasonable vote price. The higher vote prices increases the incentives to answer.
It's true that a penny is too low but 50 cents is quite excessive especially as you cannot choose the best answer. The voter is just expressing his personal opinion on the question and should be offered the choice to offer a tip that he can afford especially since he won't be receiving any of the revenue share and won't even be able to decide the best answer. Your belief has merit but I think that it would be fairer for the questionner to contribute more to the tip as he will decide the best answer and will get the revshare.
Cheers!
Mahalopinion
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
My $15 dollar questions had excellent participation. I plan on more of those type of question in the future. My rev share is about $7 a day and so I'll be able to afford more of these "Feature Question" in the future and buy popularity status through advertising.
I think between 6 and 15 dollars may be the right price for a high quality response. 50 cent votes for 12 votes = $6. The vote price would attract attention and encourage spending consumption.
You have only given 37 questions. If your questions are interesting than they will get a 50 cent vote which will help them become popular. The price offering for the question will increase 50 cents per vote and help get your answer.
If answers are your strategy then this will mean a greater financial incentive to research the question. If questions are you strategy then you will have a stronger incentive to ask "higher quality" questions to attract helpful votes.
It's a good point. I've yet to offer a question over a dollar, I think, as I am a curmudgeon-y cheapskate. :D
Higher price resulting for larger financial contribution by the 50 cent vote will increase answer quality. You will receive decent answers at the higher price. The full burden of the price must be shared by the questioner and the voting community.
The questioner can use the default 10 cent offer or less like I do, 2 cents. The Voting price would start at 50 cents instead of 1 cent.
Mahalo wants answers to questions. The system is designed to provide incentives for the answers. People are voting like crazy, but not making an impact for the people answering the questions. Rev Share is helpful but slow to accumulate.
The solution is to make the votes more of an impact by increasing the minimum vote price to 50 cents. People want between $1 to $2 for an answer. Two vote would produce an $1 dollar incentive, four votes which is pushing the thresh hold would provide a $2 incentive.
Mahalo could give the white and yellow belts the incentive price of one cent but the color belts should vote with their wallet.
1. Mahalo has a strong participation level. The strong participation level will augment the price structure for questions helping sort the important questions from the unimportant questions. The important questions will have a higher price and a higher vote count.
2. Voting will be attract excellent answers and help improve the quality of the site. Quality is very important for Gen Y. They are smart and don't want insulting or poor quality responses.
3. Mahalo will become more distinct as more members rally to promote important questions for group discussion. This feature will improve the prestige of the site. For example, my Casimir question caused a rally point of thought to emerge on zero point energy. People were voting even after the price was high enough for visibility.
The problem right now is the Mahalo staff has errored in their pricing structure believing that price is not attractive. Price is attractive and needs to become more powerful. Price is an important brand for determine importance.
4. Should Mahalo hire me to head their marketing department, hypothetically?