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Updates via the email, if you ask me, I don’t think it’s actually “Fast Track protocol is beginning to cannibalize the company”, but rather, the fluctuation of gold price.
Hello Everyone,
I have a topic of serious discussion that needs immediate addressing. I have been doing some forecasting with our growth patterns, and am starting to see a trend that could potentially damage the longevity of this site. When we first started this site, many members will vouch for me that we discussed that a healthy rate of Fast Track members versus Standard Payment members should exist around 25-30%. This figure was derived from an outside investment pace that could sustain that rate on a nearly infinite time frame. Fast Track has grown to comprise nearly 85% of the member base, and is starting a trend to outpace what the outside investments can keep up with.
Translation: The Fast Track protocol is beginning to cannibalize the company. Having that knowledge is unnaceptable to me. I will not sit idly by and watch the program destroy itself. I will not be known as an admin that waited until the last possible minute to implement the appropriate changes necessary to properly balance the program to my original intentions. I will be known as an admin that took proactive measures to ensure longevity in a successful program.
As of tonight, we are changing the Fast Track fee structure to reflect a flat rate of 9% across the board with a payout schedule not to exceed the original stated two (2) business days. We will then wait 30 calendar days to then reevaluate the network statistics to ensure proper balance has been restored to not exceed 30% of the user base utilizing the Fast Track option. If we still find that an excess of 30% of the user base is still using the Fast Track option at that time, we will again increase the Fast Track fee structure.
We fully realize this kind of an email tends to send ripples of panic through the industry. I fully expect to get my fair share of backlash because I am preemtively making a move to protect the long term vision of this company. I’m going to “up the ante” here (as some of the forum members have stated), and make an offer. I made this offer once before when we first started, when people thought we were someone we weren’t. If this letter causes you to lose faith in the AD Titans Network and me as an admin, then send me an e-mail requesting to cash you out immediately. Understand, you will lose your place in the company (including referrals) as well as earnings from any days of surfing for this current pay cycle. You will get your original upgrade amount back minus extra earnings. Optionally, you can wait until the end of your pay cycle and cashout according to standard practices. I have always shot straight with my member base, and I would like to think that I have gained a certain amount of trust with you folks. I refuse to be anything but transparent. I have always been so and will continue on in this practice.
Thanks,
Edward Adams
Popularity: 2% [?]
3 Responses to “Ad Titans – Fast Track Fees is now 9%”
- 1 Pingback on Jun 22nd, 2006 at 10:41 am
I’ve been with Ad Titans from the beginning and I think that they run a pretty tight ship. Fast Track as an option bothers me though. Those of us who have been in the game as long as I have or longer know that the survival for most if not all programs is finite. As far as Auto-Surfers go, there are not too many long-termers out there.
What we have seen with Fast Track is the survivability factor decrease. Administrators are under pressure to make payments quickly and inevitably they hit a rock. The fee makes things a bit better, and I do use FT when it is available with a program. With FT we have seen programs that could have lasted 6 to 8 months go in about 3 or 4. At least with Ad Titans we have seen them attack the issue head-on.
Compact Surfing ran into problems, in my view not because of the E-Gold situation. They were trying too hard to keep the top market share. They ran a defacto FT system and it ran them out of the game. Phoenix Surf, hit their first speed bump and people panicked. People don’t like payments coming late. Nothing will affect payments going in more than delays in payments going out. A seven day payment system is a lot easier to maintain than a 2 day payment system.
Gold prices only affect the amount of money in the reserves, not the amount going into the program.
I have a feeling that Luuk started this offshore just to run off away with the money when anything happens. Offshore pretty much protects the person who registered anyway.
Can’t see him pretty much anymore, not even on IMs. I don’t think anyone has gotten refund at this point either.