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Discussion # 5: Creators earning money directly from IMVU
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PostPosted: Fri Apr 10, 2015 8:27 am    Post subject: Discussion # 5: Creators earning money directly from IMVU Reply with quote

Original thread posted by Varsha

Thread 2

Thread 3

Thread 4

IMVU's announcement regarding how Creators can now earn money for their product sales directly from IMVU.

The original announcement will stay locked so everyone has an easy way to access and consume that information.

IMVU staff will be actively monitoring the discussion here, however, may not respond to each and every post. We will however update the FAQs as and when needed based on this discussion.

Reminders: Please keep your posts on topic. As per our forum rules, baiting, attacking each other, etc is not okay.

Thank you.

Other Staff Responses in this Discussion:

Link - Page 2 - Clarification on Creator notifications, profit rate, and credit purchase rates
Link - Page 3 - Creators won't have to worry about when credits can be purchased under the new structure
Link - Page 3 - Clarification on decisionmaking process, and involvement with resellers during the transition period.
Link - Page 8 - Clarification on taxing for international creators
Link - Page 9 - Multiple clarifications including Announcements, Credits and Money, International Creators and All Creators
Link - Page 10 - For now you will have to verify each creator account individually, but IMVU is working on linking accounts together.
Link - Page 20 - You can earn money or credits, or both as a creator.
Link - Page 21 - IMVU has never been hacked, but has been subject to a DDOS attack that reduced service to customers, but that was external to IMVU.
Link - Page 35 - International creators only pay the 30% tax if they do not supply IMVU with their tax information. Although the creator agreement mentions a transaction fee for multiple payouts, IMVU has no plans to invoke it at this time.
Link - Page 35 - Creators have until April 14th to sell their credits to a reseller
Link - Page 35 - Reasoning behind selecting Paypal as payment processor.
Link - Page 35 - Creators will earn credits by default unless they select to earn money
Link - Page 39 - Reiteration about taxing and creator payout fees.
Link - Page 40 - Explaining why the source of credits is important to IMVU purchasing them, notification to all IMVU users going out thursday, and credits will still be used for submissions
Link - Thread 2, Page 2 - Where to find information about Jon Watte.
Link - Thread 2, Page 3 - More clarification about the signup process
Link - Thread 2, Page 4 - More clarification about taxing
Link - Thread 2, Page 4 - Credit gifting does not change, and transfer limits are still in place.
Link - Thread 2, Page 5 - Signatures are required on forms submitted to IMVU, but they may be electronic signatures.
Link - Thread 2, Page 6 - Anyone selling credits in an unauthorized manner is still subject to actions against their account, including disabling
Thread 2 - Page 9 - More clarifications on taxing
Thread 2 - Page 86 - Updates and clarifications
Thread 2 - Page 86 - Clarifications on Earning Credits versus money, Orders placed with IMVU, Credits earned from other than sales, Every creator can earn money
Thread 2 - Page 88 - Explaining we are on an accelerated pend schedule
Thread 2 - Page 89 - How pended credits and income events are now displayed
Thread 3 - Page 11 - Reminders
Thread 3 - Page 20 - Derivation costs explained
Thread 3 - Page 29 - Updates/Clarifications
Thread 3 - Page 36 - Cash vs. Cash earnings in pend, How long is Verification taking?
Thread 3 - Page 38 - Option for part credits and part cash?, The switch between the two options is secure, Once you select cash, you must get payment in cash
Thread 3 - Page 43 - Database issue was not a hack against IMVU
Thread 3 - Page 48 - No truth to the rumor that people are being disabled over protests
Thread 3 - Page 48 - Yes you can send documents via snail mail
Therad 3 Page 73 - Link to post by Brett IMVU's CEO
Therad 4 Page 77 - Clarifications on derive fee being paid in credits
Thread 4 - Page 79 - Clarification on how IMVU will work with creators who fail verification
Thread 4 - Page 80 - Address for sending documents to IMVU via Snail mail
Thread 4 - Page 82 - Clarification on Account Verification and Filing tax forms for those outside of the US
Thread 5 - Page 15 - Creator account verification is down for maintenance
Thread 5 - Page 19 - While account verification is down, tickets will be invisible - But IMVU is still processing them.
Thread 5 - Page 31 - From the day you decide to earn money, you have 90 days to complete verification
Thread 5 - Page 33 - Changes in possible fee when withdrawing money more than once a month
Thread 5 - Page 45 - Clarification on the amount earned with small profit margins
Thread 5 - Page 52 - Reiteration of dates for selling and buying from resellers
Thread 5 - Page 53 - FAQ updated to explain how profits when earned in cash work
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PostPosted: Fri Apr 10, 2015 9:18 am    Post subject: Reply with quote

Is this the thread about the changes to AP vs UFI? Or maybe about peer review? Shoot...
*digs through bag of questions*
Maybe it's about credit pend?
Or being VIP to be a dev (unless you get grandfathered)?
Must be about buying prime names (or not buying them)?

Maybe it's about how old you are? I'm 43 (and a half) - an old dog by most standards. And yet how is it I'm ok with the changes? Am I that flexible (what an ironic twist that would be) while others are not? And those other questions... ah well. If you've been here awhile you'll see that things change. Often for the better...

I don't really have much to add to these threads except that... it sucks for resellers and those that were under-age (and non-tax-reporting types). But for everyone else... seems like not such a big change, possibly even an improvement in terms of how much you can make (I can't recall the last time I got 40 cents for 1000 credits). So you turn in tax forms? So you buy a sticker instead of sending credits?

But since so many seem happy to comment about everything from DoS attacks and ask random rhetorical questions and declare imvu evil enough to make people homeless on purpose and more...
I'd like everyone to know that I just got some new charcoal pencils and I'm really excited! But noooo - they leave behind black charcoal powder that my pencils never did. How *dare* you, IMVU - my charcoal is as black as your evil heart. And while my garden is going really great (for a first timer) I did have a squirrel dig up one of my tomato plants. Argh! Probably a secret spy sent by the CEO of IMVU. Dern you, Brett Michaels!

-Dan / ner

P.S. Anyone threatening to quit IMVU - you absolutely should! Why would you want to stay here? Taxes shmaxes. How dare they treat you this way. I wouldn't stand for it. Go! And take your products with you. And get some friends to go, too! Bring down the whole system! Thin the dev pool down! You'll be happier. The forums won't have your posts so everyone else will be happier. It's a win/win. A no brainer really. Go off and be happy! And look - a whole post and I didn't mention goth girls once. Well, not twice.


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PostPosted: Fri Apr 10, 2015 9:18 am    Post subject: Reply with quote


5th thread, here we go..


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PostPosted: Fri Apr 10, 2015 9:18 am    Post subject: Reply with quote

Pulp wrote:
IDEA FOR ARTISTS

Ok, don't shout at me and don't be angry with me, this is just an idea that I came up with like right now so I didn't really think much about it.

What if IMVU opened an Artist program, sort of like the Creator program?
Have an extra tab for artists and their art, and allow people to buy art so artists can also use the money feature on IMVU, because I doubt they're going to change that.
+ since it's on IMVU, there's a bigger audience, better for the artists.

Eh? Surprised

Bringing this here, hopefully staff will see. Razz
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PostPosted: Fri Apr 10, 2015 9:18 am    Post subject: Reply with quote

And IMVU is like:


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PostPosted: Fri Apr 10, 2015 9:19 am    Post subject: Reply with quote

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PostPosted: Fri Apr 10, 2015 9:19 am    Post subject: Reply with quote

The main reason I don't believe IMVU has to do this is because originally they said "Creators wanted this." When they realized they wouldn't be able to use creators as a scapegoat they then changed there story around.
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PostPosted: Fri Apr 10, 2015 9:20 am    Post subject: Reply with quote

Fervent wrote:
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PostPosted: Fri Apr 10, 2015 9:20 am    Post subject: Reply with quote

Toilet wrote:
And IMVU is like:



omg ur post is like to funny made choke in rl lol
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PostPosted: Fri Apr 10, 2015 9:20 am    Post subject: Reply with quote

I'd still like an answer as to why they never notify anyone of these changes way in advance of them being implemented. Anyone know how to summon a staff member?
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PostPosted: Fri Apr 10, 2015 9:20 am    Post subject: Reply with quote

Fervent wrote:


YESSSSSSSSSS!
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PostPosted: Fri Apr 10, 2015 9:20 am    Post subject: Reply with quote

This is not about the taxes. Paying taxes is a part of life, and you cannot avoid it. If IMVU is required by law to request our tax information to pay us out, so be it. Yes, it is horrible to see artists (DPs, badges, etc.) being left with no way to earn money. It is sad to see derivation fees paid out in credits only. It is sad to see devs with large sums of credits no one wants to buy, and nothing they can spend it on. So on and so on... all of these pale what is IMO to the biggest issue here...

Eliminating resellers (and therefor, pricing competion) IMVU gains COMPLETE CONTROL of the site's economy. They've shown no indication of any plans to lower their pricing model to be competitive of what we used to pay from resellers. They want to return the value of credits to $1 for 1,000. This in itself is not an issue. The issue is WE ARE STILL BEING PAID FOR THE EQUIVALENT OF A DEPRECIATED CURRENCY. OUR PRODUCTS ARE STILL PRICED (AND OUR PROFITS CALCULATED) TO REFLECT A DEPRECIATED CURRENCY. The average reseller bought 1,000 credits for $3.70 to $3.80. IMVU is offering us $4. Only pennies more. For most of us, this is NOT ENOUGH to make up for how much the "value" of credits is going to (or is intended to) rise. By the time we pay for VIP, pay markup, pay derivation fees, pay pay pay... we are making PEANUTS for our work. I do not want to see ANYONE have to pay nearly a dollar for a hairstyle so I can break even with the profits I was making before the changes.

They really think this is all going to be okay. I have seen claims that far less people bought credits from resellers than we all seem to think. They are going to hope we trickle away and the new generation of IMVU users simply don't know any better and are willing to pay ludicrous prices for credits via SMS, storebought cards, and more likely than not, eventually mobile in-app purchases. IMVU has been slowly becoming a trap for tweens and we all know how responsible they are with their money (or in a lot of cases, their parents' money).

It's like a bad movie is playing out in front of me and I can't look away. Sad
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PostPosted: Fri Apr 10, 2015 9:21 am    Post subject: Reply with quote

Monstre wrote:
I'd still like an answer as to why they never notify anyone of these changes way in advance of them being implemented. Anyone know how to summon a staff member?


You have to make a deal with the Devil to do that.

And sell your soul and first born to get a competent one.
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PostPosted: Fri Apr 10, 2015 9:21 am    Post subject: Reply with quote

Quote:
Will IMVU become credit buyers? Will they buy credits from us at the same rate of .40/1k? If so, they I am fine.

But if not, I still want the resellers. I have never had to ever sell my credits, but only because I am a fairly new creator and newer artist who is improving. BUT STILL.


Bringing this here.
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PostPosted: Fri Apr 10, 2015 9:21 am    Post subject: Reply with quote

nerseus wrote:
Is this the thread about the changes to AP vs UFI? Or maybe about peer review? Shoot...
*digs through bag of questions*
Maybe it's about credit pend?
Or being VIP to be a dev (unless you get grandfathered)?
Must be about buying prime names (or not buying them)?

Maybe it's about how old you are? I'm 43 (and a half) - an old dog by most standards. And yet how is it I'm ok with the changes? Am I that flexible (what an ironic twist that would be) while others are not? And those other questions... ah well. If you've been here awhile you'll see that things change. Often for the better...

I don't really have much to add to these threads except that... it sucks for resellers and those that were under-age (and non-tax-reporting types). But for everyone else... seems like not such a big change, possibly even an improvement in terms of how much you can make (I can't recall the last time I got 40 cents for 1000 credits). So you turn in tax forms? So you buy a sticker instead of sending credits?

But since so many seem happy to comment about everything from DoS attacks and ask random rhetorical questions and declare imvu evil enough to make people homeless on purpose and more...
I'd like everyone to know that I just got some new charcoal pencils and I'm really excited! But noooo - they leave behind black charcoal powder that my pencils never did. How *dare* you, IMVU - my charcoal is as black as your evil heart. And while my garden is going really great (for a first timer) I did have a squirrel dig up one of my tomato plants. Argh! Probably a secret spy sent by the CEO of IMVU. Dern you, Brett Michaels!

-Dan / ner

P.S. Anyone threatening to quit IMVU - you absolutely should! Why would you want to stay here? Taxes shmaxes. How dare they treat you this way. I wouldn't stand for it. Go! And take your products with you. And get some friends to go, too! Bring down the whole system! Thin the dev pool down! You'll be happier. The forums won't have your whiny posts so everyone else will be happier. It's a win/win. A no brainer really. Go off and be happy! And look - a whole post and I didn't mention goth girls once. Well, not twice.


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