Nuffnang Advertlets Singapore

Whaddaya know? Josh Lim of Advertlets has put up a post entitled “Does Advertlets Charge Transaction Fees?” I know it’s business, but it seems a tad unprofessional in my opinion.

Advertlets does not charge you for the cost it takes to send your earnings to you.

However, rest assured that your payouts will not be deducted to cover our costs.

Isn’t it obvious that it was written in response to the recent brouhaha about Nuffnang charging a $1 transaction fee for cashing out?! It’s not like their existing system’s perfect - is it really necessary to send a RM100 cheque through registered mail? FYI, I don’t even get that treatment for US$6,000 cheques from the U.S.

If you want to compare, why not just share publicly the percentage commission you’re taking?!

Now, I’d understand the competition if they were behemoths like Google or Yahoo. But as two minnows struggling in a country where the ad spend for online media is under 10% and old-school marketers still struggling with Internet Marketing jargons, it just looks plain stupid. Yes, I do know the current market situation because I’m in this line and even big Y did only $10 million for the SEA market in 2006.

Why not spend the time and effort improving your features, educating potential advertisers, forging relationships with other types of publishers, appoint affiliates, etc. etc.

Personally, I thought Nuffnang’s action of being transparent with the $1 fee and charging only when it was necessary is laudable. Why shouldn’t they absorb it? Assuming that their commission is 20% as with most advertising networks, it means that they make $12.50 for every $50 that you earn. So while the $1 is only 2% to you, it’s 8% to them. And they still have to pay for overheads, marketing costs and what not.

It’s really sad when you have people saying things like “Ming, nobody care about how you startup or not taking money…” (from the comments in DK’s post) - is it fair to expect your partner to care for you if the feeling’s not mutual? When are you going to realize that you depend on Nuffnang as much as they depend on you?

Let’s hope that our sensibilities will eventually take over and we can show more respect for these enterprising individuals, and support the spirit of entrepreneurship in Singapore. As for Advertlets - shame, shame tak malu!