How can EWA get away with not paying the fuck?
- Thread starter Ishbal
- Start date
Ryan, it's hard to believe that a CEO of a balling company would think that it is an efficient use of time to run around forums handling payment complaints. Either you have a cash flow problem or a totally inept accounting department.
If I may so bold as to make a suggestion; why don't you have your accounting department run an accounts payable aging report. That way you will see who you are delinquent in paying. Simple yes? Start paying those people. If you can't, at least send them an email telling them the status of their account. Of course your accounting dept knows this already.
Your excuse that you have growing pains seems dubious. Your accounting platform must have different modules and getting the reports should not be all that difficult. If you merged with a larger company, they certainly would have known your exact financial position because their CPA would have required a valuation of your company for tax purposes.
If you have a cash flow problem, I have another suggestion. Why don't you consolidate all the past debt (choose a cut off date) and make a repayment plan with all the affiliates you owe money to. Promise prompt payment for any new business they generate. If you have a viable business, this should help recapitalize your business and end your cash flow problems.
The affiliates will be pissed but at least they will know how much and when the payments are coming. People that trust you will continue to do business with you and those that don't will leave. However, no one will be able to say you didn't pay them like they do now and accuse you of being a thief. I cannot imagine that you like repeating yourself in forum after forum trying to satisfy the loudest squeaking wheel.
Many booming businesses fail due to under capitalization. You know this, you can have killer sales but if you extend credit and you don't have adequate capital to fund your business while waiting to collect your accounts receivables your business will eventually go under. You appear to be getting rich; in reality you are slowly going broke.
Of course shit rolls down hill so your problems become exponential as every unpaid affiliate experiences the same cash flow dilemma as you.
Inflicting pain on the unsuspecting while chasing Peter to pay Paul...
If I may so bold as to make a suggestion; why don't you have your accounting department run an accounts payable aging report. That way you will see who you are delinquent in paying. Simple yes? Start paying those people. If you can't, at least send them an email telling them the status of their account. Of course your accounting dept knows this already.
Your excuse that you have growing pains seems dubious. Your accounting platform must have different modules and getting the reports should not be all that difficult. If you merged with a larger company, they certainly would have known your exact financial position because their CPA would have required a valuation of your company for tax purposes.
If you have a cash flow problem, I have another suggestion. Why don't you consolidate all the past debt (choose a cut off date) and make a repayment plan with all the affiliates you owe money to. Promise prompt payment for any new business they generate. If you have a viable business, this should help recapitalize your business and end your cash flow problems.
The affiliates will be pissed but at least they will know how much and when the payments are coming. People that trust you will continue to do business with you and those that don't will leave. However, no one will be able to say you didn't pay them like they do now and accuse you of being a thief. I cannot imagine that you like repeating yourself in forum after forum trying to satisfy the loudest squeaking wheel.
Many booming businesses fail due to under capitalization. You know this, you can have killer sales but if you extend credit and you don't have adequate capital to fund your business while waiting to collect your accounts receivables your business will eventually go under. You appear to be getting rich; in reality you are slowly going broke.
Of course shit rolls down hill so your problems become exponential as every unpaid affiliate experiences the same cash flow dilemma as you.
Inflicting pain on the unsuspecting while chasing Peter to pay Paul...
I don't think it's done on purpose at all. Sure it will cause a lot more attention to the brand but is it the kind of attention you want? The problem is each time a thread pops up about late or non payment to any future affiliate this will cause cognitive dissonance on the question in the back of their head about whether that aff was ever paid. These thinking loops left open and unresolved are NOT good for any brand. These threads aren't planned in my mind, unless by a competitor... Like, umm... well...
This whole thread makes no sense.
A company, successful but for some reason without a somewhat working automatic payment? In the Aff/Offer area?? The owner/co owner deals direct with mini payments?
He is successful? No successful business owner has the time or would consider to deal with all that stuff direct and/or by hand.
A company with such a bottleneck is on the road to nowhere.
So, there are 3 options.
- its marketing here, as said
- he is payment shaving - the ones giving up fills his pocket
- he is miss the skills to run his company on the needed technical level
Or all mixed
A company, successful but for some reason without a somewhat working automatic payment? In the Aff/Offer area?? The owner/co owner deals direct with mini payments?
He is successful? No successful business owner has the time or would consider to deal with all that stuff direct and/or by hand.
A company with such a bottleneck is on the road to nowhere.
So, there are 3 options.
- its marketing here, as said
- he is payment shaving - the ones giving up fills his pocket
- he is miss the skills to run his company on the needed technical level
Or all mixed
Snowman, birdman, peasant, coooo!
How dare you attack such an astute businessman as Ryan Eagle. His image and reputation alone scream credit worthiness!
Don't you see all of the jewelry he wears? The dismissive things that both rappers and Mr. Eagle say?
How dare you think he doesn't have the skills to be successful!
If you're not turning your brand into a meme you're doing it wrong.
P.S. Can anyone please explain how an affiliate manager can afford a Ferrari?
I mean, I know he's not looking at others campaigns or shaving or anything... but how did JL afford a Ferrari when every other network's managers make around 45-80K a year? Are there Boiler Room like commissions at EWA.
[And don't PM me again, I have nothing to say to you in private. Especially for simply liking a post.]
Good point - on the other side, a smart guy once said:
"To be rich do not mean you can buy a Ferrari. Rich means you can burn and dismiss it without care."
So if this thread makes no sense, what does it make it after your comment. Are you trying to say you're the only person in this thread that knows what they are talking about... I'll stop there.
Hmmm...
Perhaps its my english. Anyway.
I am since 17 years a freelancer and there are some golden rules.
I do not care my business partner is a nice guy or not, likeable or an ass.
In fact, most real business man are not that nice - at last not when doing business. They have usually not the time. They have strange ticks, like talking extremly loud to everyone, cutting a "nice" talking hard just because they lost interest or changing the way they are talking to you every time its not hard related to business.
The are extremly focused and like often said: Most times not the nice guys are the successful guys.
In fact, if someone is trying or ongoing to cheat you, he will avoid usually one thing: Not to be nice. It raises my red light when someone starts a business and its "to" nice. Except its from asia or india. They act a bit different by culture.
My way to determinate the class of someone when it comes to business is his level of correctness. The top business man may or may not be nice, smart or whatever - but correct.
They call when they promised to call.
They hit exactly the time. When not they always drop a note.
They overfill a bit by default just to avoid ever deliver not enough.
They pay always in time.
And the first class of course - the real rares: They pay you earlier as agreed.
If i read this thread then i miss most points on my list and no one seems to care.
Thats the "no sense" part.
But perhaps its just a problem with my standards.
Perhaps its my english. Anyway.
I am since 17 years a freelancer and there are some golden rules.
I do not care my business partner is a nice guy or not, likeable or an ass.
In fact, most real business man are not that nice - at last not when doing business. They have usually not the time. They have strange ticks, like talking extremly loud to everyone, cutting a "nice" talking hard just because they lost interest or changing the way they are talking to you every time its not hard related to business.
The are extremly focused and like often said: Most times not the nice guys are the successful guys.
In fact, if someone is trying or ongoing to cheat you, he will avoid usually one thing: Not to be nice. It raises my red light when someone starts a business and its "to" nice. Except its from asia or india. They act a bit different by culture.
My way to determinate the class of someone when it comes to business is his level of correctness. The top business man may or may not be nice, smart or whatever - but correct.
They call when they promised to call.
They hit exactly the time. When not they always drop a note.
They overfill a bit by default just to avoid ever deliver not enough.
They pay always in time.
And the first class of course - the real rares: They pay you earlier as agreed.
If i read this thread then i miss most points on my list and no one seems to care.
Thats the "no sense" part.
But perhaps its just a problem with my standards.
I think the bigger problem is Savy who does the "accounting".
Real slow to respond to emails and then you gotta bug your AM or Ryan to finally get it resolved. Fire her and get someone who is competent.
Real slow to respond to emails and then you gotta bug your AM or Ryan to finally get it resolved. Fire her and get someone who is competent.
