About six years ago I was enjoying my workday enlarging a penis to monstrous sizes when a rather unique email came in. Alli over at TopBucks hits me and says, “You guys over paid us by a few hundred dollars.” To my shock, she was correct.
This is when I first learned about tracking Sponsor Payouts and the checks/money you should be receiving. The information shared with me that day has now saved me countless thousands of dollars over the last six years.
Yes, that’s right. Over the last six years, “hundreds of lost checks” have been recovered and funds paid. Pretty much every Company that I have done business with over the last six years has made at least an accounting error on the Check payout, and the majority suffered from lost check syndrome.
Most Sponsors corrected the problem without issue, so the time spent was well worth it. But the biggest advantage was being able to notice when a Sponsor bailed on me and wasn’t paying anymore. Tracking Sponsor Checks really makes a difference.
Tracking your Sponsor payouts isn’t all that hard. Software like StatsRemote can assist you with tracking your earnings and payouts with several Sponsors at once. Simply put, one of the best business time savers in the Industry.
By setting up a spreadsheet you can track the expected Payout amounts that are due from the Affiliate Programs. Create a listing of your Sponsors, putting each period and payout into unique columns. You can also add in the payout delay, so you can gauge when checks should arrive. Once a Check comes in simply mark it off the list by changing the colors of the cell or text.
The more Sponsors you use the more important it is to do this. You could easily be losing 1-2 Sponsor payouts each month. I can guarantee you every active Webmaster will have at least one lost check a year. It can be like finding a new source of revenue if you don’t already do it.
Good luck with finding lost money! ~ TheDoc
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Talking About: Finding Lost Money - Track Sponsor Payouts