Industry Breaking News
Microsoft 16% profits in Q3
Still waiting for VOS but will now be launched in 07.
Xbox and othe software driving the profits.
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UK Affiliate Association Meeting took place 26/04/06 (Location London)
Members present
Keith Budden (Affiliate, consultant, Merchant)
Oli Mathews (Network OMG)
Matt Wood (Affiliate,Merchant,Consultant,Angency,owner of a4uforum)
Wouter Mols (Affiliate – Gambling)
Clarke Duncan (Network POR)
Peter Dunham (Nework WG)
Zac (Merchant)
Andy (Network TD)
Nicky Iapino (Networ AN)
Duncan (Affiliate)
Joe Conner (Affiliate)
Paul Wheatley (Affiliate)
Julie Wheatly (Affiliate)
Jessica Luthi (Independent Affiliate Marketing Consultant)
Press release coming soon
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I received this along with other publishers today
April 18, 2006
Jeff Pullen
President and CEO
Commission Junction
530 East Montecito Street
Santa Barbara, CA 93103
Dear Mr. Pullen:
I write regarding our unacceptable experiences with Commission Junction’s payout policies and recklessly false correspondence to our publishers.
Several of our publishers received the following response from CJ representatives regarding their commissions for the month of April:
“Unfortunately, at this point it looks like drjays.com does not have sufficient funds in their account to payout their publishers”
Further investigation showed that, per CJ policy, we needed to have a positive account balance at a vaguely defined time between the 10th or 20th of each month, despite our funding our account three times per month. In the event that our account balance was negative when CJ’s payout script began to run (a time completely unknowable to the advertiser), CJ would withhold all commissions and performance incentives, including commissions/incentives from past months for which money was already paid to CJ. As if this wasn’t enough, not only was CJ falsely telling our publishers that we couldn’t pay, but did so before the payout script even began to run.
CJ’s use and endorsement of such a woefully archaic, simplistic, and dysfunctional payout process severely debilitates the business and interests of advertisers and their publishers. The only possible explanation for such a system is that it allows CJ to hoard funds while deflecting any commission inquiries to the fault of the advertiser. CJ’s insistence that an “Access” account ought be self-maintained is impossible when advertisers are not even apprised of the exact time that funds are required.. Our only available assurance of commission/incentive payout is to ceaselessly deposit funds into our account.
CJ would balk at the suggestion that it payout commissions on its own dime on the promise that we would pay them back at a later date. We too are reviled by the idea that we should constantly pre-pay CJ and remain at the behest of a payout system that has no regard for the interests of advertisers, repeatedly delays commissions to publishers, and tells publishers that its our fault.
In short, I take strong exception to such poor form on CJ’s part and demand proper explanation. “This is our policy” is an unacceptable catch phrase that explains nothing and only betrays CJ’s willingness to stand proud upon the unjustly strained backs of its membership. We will be informing our publishers of our experiences with CJ and the true reasons why they have not properly received their hard-earned commissions.
I eagerly await your reply.
Sincerely,
Casey K. Lee
Marketing Analyst
DrJays.com
Account No. 645361
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Listen to Wayne Porter and Chris Boyd talk about the dark side of the net, things you heard about but never wanted to believe. Listen to the interview and I promise you, you will think twice before downloading a music file, chatting on IM or any thing else that that you and your mates do online.
Part one
http://www.revenews.com/jeffmolander/archives/001699.html
Nasdaq buys LSE Shares at £12.00 now own 15%
According to The Standard 13th April 06, Nasdaq has bought shares in London Stock exchange for £12.00 each this came after LSE turned down their offer of $4.2bn. on the grounds of under valueing the company.
“Economists will tell you that people go to Tokyo to do business in Japan, New York to do business in the US, but they come to London to do business with the rest of the world” (source BBC)
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