The Learning Curve

New tricks for an old dog.

Selling your advice – service fee comparison

Continuing my investigation of on-line tools that facilitate selling and delivering expert advice, from tacky to technical, by phone, here is a comparison of the service fees charged by the major players.

Keen.com: Advice sellers charge by the minute of phone time, and set their own price. Minimum charge is $0.75 per minute. Keen’s fees are calculated by first deducting a flat $0.27 per minute connection fee and then splitting the remainder, with 38% retained by Keen.com and 62% going to the advice provider.

Examples:

$0.75 per minute fee. $0.45 to Keen.com – $0.30 to advice provider.
$2.00 per minute fee. $0.93 to Keen.com – $1.07 to advice provider.
$5.00 per minute fee. $2.07 to Keen.com – $2.93 to advice provider.

LiveAdvice.com / Ingenio.com: Advice sellers charge by the minute of phone time, and set their own price. Minimum charge is $0.75 per minute. The fees of LiveAdvice.com / Ingenio.com are calculated by first deducting a flat $0.20 per minute connection fee and then splitting the remainder, with 40% retained by LiveAdvice.com and 70% going to the advice provider.

Examples:

$0.75 per minute fee. $0.37 to LiveAdvice.com – $0.38 to advice provider.
$2.00 per minute fee. $0.74 to LiveAdvice.com – $1.26 to advice provider.
$5.00 per minute fee. $1.67 to LiveAdvice.com – $3.36 to advice provider.

Ether.com: Flat 15%

Examples:

$0.75 per minute fee. $0.11 to Ether.com – $0.64 to advice provider.
$2.00 per minute fee. $0.30 to Ether.com – $1.70 to advice provider.
$5.00 per minute fee. $0.75 to Ether.com – $4.25 to advice provider.

Kasamba.com: Two different percentage rates. 37% for “Spirituality & Religion” advisers and 30% for all other advisers. Special rate of 14% applies to clients referred through advisers referral link.

Examples – Spirituality & Religion advisers:

$0.75 per minute fee. $0.28 to Kasamba.com – $0.47 to advice provider.
$2.00 per minute fee. $0.74 to Kasamba.com – $1.26 to advice provider.
$5.00 per minute fee. $1.85 to Kasamba.com – $3.15 to advice provider.

Examples – All other advisers:

$0.75 per minute fee. $0.23 to Kasamba.com – $0.42 to advice provider.
$2.00 per minute fee. $0.60 to Kasamba.com – $1.40 to advice provider.
$5.00 per minute fee. $1.50 to Kasamba.com – $3.50 to advice provider.

BitWine.com: BitWine is still in beta testing. For a limited time, during the beta phase, BitWIne is not charging any advisor fees, although advisers do incur PayPal’s standard transaction fees.

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Written by Tom Fox

04/10/2008 at 11:05 am

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