Change to "posting incentive" - discuss & vote

Should we change the "shares-for-posts" incentive as proposed?

Poll ended at Thu May 24 2012 11:08am

Yes
17
57%
No
13
43%
 
Total votes: 30

richard@imutual
Posts: 6165
Joined: Wed Jun 23 2010 10:19am
Sharing: 2stars.png
Has thanked: 1880 times
Been thanked: 4097 times
Contact:

Change to "posting incentive" - discuss & vote

Post by richard@imutual » Thu May 03 2012 11:08am

A few months ago, we debated changing the shares-for-posts incentive. As you will see, most voting members opted for the status quo, but there was a suggestion to revisit the subject.

Since the, we've introduced an additional incentive: bonus shares for posting offers

So on a daily basis, the shares on offer for posting (regardless of quality) has now increased from 2 to 5. We have also seen posting activity increase over the past 12 months from 525 in April 2011 to a new record of 3345 last month. Personally, I feel that this incentive has now achieved its objective and now risks devaluing imutual shares by giving the perception that we give them away too easily. And from recent comments, I know a number of other members share this view.

So I'd like to resurrect the previous proposal in the light of these developments and take a poll of members. The proposed system, with the emphasis on quality rather than quantity of posts, will utilise the forum "Thanks" system and would work as follows:

Each member can receive a reward of up to 50 shares per month, based on thanks received for posts they have made (this is in addition to "Posts of the month" awards). You get 1 share for every member who thanks you (during the calendar month) BUT can only receive 1 share per post . So to receive the maximum of 50 shares, you need to get thanked by 50 different people for 50 different posts.
Example 1:

Kev (fictitious name, and resemblance to real people is purely coincidental etc etc) makes four posts, A, B, C and D

Post A is thanked by Bruce, Raich and Superman
Post B is thanked by Bruce and Raich
Post C is thanked by Bruce, Raich and Planteria
Post D receives no thanks

He has been thanked by 4 different people but only across 3 different posts. Therefore, he receives 3 shares
Example 2:

Garindan makes one post, which is thanked by 20 different people. He receives 1 share
The above example sounds harsh, but the solution is to make more than one good post a month :twisted: Note that in the above extreme scenario, his one post must also stand a good chance of winning a prize in "Post of the month"

The idea of capping rewards based on unique posts AND unique thankers is:
- To encourage members to post multiple quality posts, rather than relying on a single 'blockbuster' (already recognised in POTM)
- To minimise abuse of the system, where the same posters keep thanking each other

If people are reasonably happy with the above, I suggest we start using it from 1 June

The only other aspect I wondered about is whether to give some kind of incentive for 'thanking' :?

Thoughts please :?

You have until 24th May to cast your vote, and you can change your vote at any time up to this date :thumbup:

kevinchess1
Posts: 23770
Joined: Mon Jun 28 2010 11:02pm
Location: Miles away from the sea
Has thanked: 12599 times
Been thanked: 17167 times
Contact:

Re: Change to "posting incentive" - discuss & vote

Post by kevinchess1 » Thu May 03 2012 11:32am

richard@imutual wrote: Garindan makes one post, which is thanked by 20 different people. He receives 1 share
The above example sounds harsh, but the solution is to make more than one good post a month :twisted: Note that in the above extreme scenario, his one post must also stand a good chance of winning a prize in "Post of the month"
[/quote]

Probably off topic
But this nisn't true
The POTM is consistenly won by posts with less votes than post that don't get the right calibre of thankers
Bac on topic
I'm in favour of reducin the Shares for postin' but at least it's clear(1 post 1 shares)
This seems more complex?
Politically incorrect since 69

richard@imutual
Posts: 6165
Joined: Wed Jun 23 2010 10:19am
Sharing: 2stars.png
Has thanked: 1880 times
Been thanked: 4097 times
Contact:

Re: Change to "posting incentive" - discuss & vote

Post by richard@imutual » Thu May 03 2012 11:56am

Feel free to suggest a revised proposal :)

magnificent7
Posts: 7569
Joined: Fri Dec 03 2010 9:48pm
Has thanked: 260 times
Been thanked: 386 times

Re: Change to "posting incentive" - discuss & vote

Post by magnificent7 » Thu May 03 2012 10:29pm

I would agree that the forum activity is artificially high. i would however argue that the status quo will lead to a livelier forum and hence a reason to come here instead of big forum sites. I've seen solicitors who used to "live" on the LandlordsForum migrate to MSE. They have vanished from LF even though it's a specialist forum in their proessional field.

Imagine if we can sacrifice a few shares pull the same off. We will be right up there with the big boys. Just a thought.

superman
Posts: 7377
Joined: Wed Mar 23 2011 10:07pm
Has thanked: 269 times
Been thanked: 354 times

Re: Change to "posting incentive" - discuss & vote

Post by superman » Fri May 04 2012 12:46am

magnificent7 wrote:I would agree that the forum activity is artificially high. i would however argue that the status quo will lead to a livelier forum and hence a reason to come here instead of big forum sites. I've seen solicitors who used to "live" on the LandlordsForum migrate to MSE. They have vanished from LF even though it's a specialist forum in their proessional field.

Imagine if we can sacrifice a few shares pull the same off. We will be right up there with the big boys. Just a thought.
As if that's not enough the Arabs and their mega petrodollars have gotten wiff and are on our tail. Etihad (Arab airline) have launched a "airmilesback" site to compete with our cashback site. We pay money and they pay airmiles. I know what you are thinking so what people will go for the money. Well they have millions to spend on marketing and we don't. Guess who will get the numbers faster than we you can imu......?

http://www.earnmiles.etihadguest.com/ey ... rnmallhome

I've started a separate discussion about our latest competition here: viewtopic.php?f=3&t=11687

BeautifulSunshine
Posts: 26721
Joined: Tue Sep 14 2010 8:23pm
Location: [The Finest City in the World: London]
Has thanked: 192 times
Been thanked: 3686 times
Contact:

Re: Change to "posting incentive" - discuss & vote

Post by BeautifulSunshine » Fri May 04 2012 3:16pm

It's worth remembering that if you get 1 share per days the total in a year = 365. When we do finally float on the stock market that will likely be only 36 shares (a tenth). There's a term for this but I just can't think of it right now. That means that logically in relation to total shares this share incentive is negligible at best.
[imutual Cashback Investment Club]

Oggy
Posts: 818
Joined: Thu Jul 01 2010 7:28pm
Has thanked: 372 times
Been thanked: 324 times
Contact:

Re: Change to "posting incentive" - discuss & vote

Post by Oggy » Fri May 04 2012 3:40pm

I think it's called Consolidation.

kevinchess1
Posts: 23770
Joined: Mon Jun 28 2010 11:02pm
Location: Miles away from the sea
Has thanked: 12599 times
Been thanked: 17167 times
Contact:

Re: Change to "posting incentive" - discuss & vote

Post by kevinchess1 » Sat May 05 2012 11:26am

richard@imutual wrote:Feel free to suggest a revised proposal :)
I voted 'Yes' to this propasal because it reduces the amount of Share given away
At the moment it would be possible to earn 155 Shares in May by simply posting
This will reduce it to 140 in June, though it doubtful if anyone would get close to that figure
I'd like to see an eventual reduction in shares for postin to 1-a-day
Politically incorrect since 69

rayf
Posts: 1806
Joined: Fri Nov 12 2010 8:50pm
Has thanked: 530 times
Been thanked: 799 times
Contact:

Re: Change to "posting incentive" - discuss & vote

Post by rayf » Sat May 05 2012 1:31pm

kevinchess1 wrote: This will reduce it to 140 in June,
Hi Kevin

just wondering how you get to the 140 figure.

kevinchess1
Posts: 23770
Joined: Mon Jun 28 2010 11:02pm
Location: Miles away from the sea
Has thanked: 12599 times
Been thanked: 17167 times
Contact:

Re: Change to "posting incentive" - discuss & vote

Post by kevinchess1 » Sat May 05 2012 1:53pm

3o days in June. 3 shares a day for postin offers + 5o shares under the new scheme.
Politically incorrect since 69

Post Reply

Who is online

Users browsing this forum: No registered users and 19 guests