this post was submitted on 26 Oct 2024
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That's a mobster-loanshark level cut.
20% is considered low
All others take at least 30%
Leaving you with 80% of the revenue you, yourself, directly generate is unheard of in this day and age. If you have anything like a 9-5, you're probably getting around 10-20%. The rest goes to all your bosses, and most importantly of all, the company shareholders.
My wife works as an associate attorney (a lawyer that's not a partner, meaning they don't own the company they work for) and I think she makes maybe 1/4 of what the company bills clients for her time. Of course, some of the money would go towards things like property taxes for the office, bills, etc.
And that's not as bad as someone working in big tech who may make a decent salary (senior developer at Google or Meta is around $270k/year salary plus $300k/year stock) but the company may make hundreds of millions of dollars per year from your work.
Maybe. Without it, though, the individual would have to build and maintain a site, direct traffic there, and handle payments, as well still do all of the community management and content creation they already do. Now either they'd spend their own time doing this if they have the knowledge, or pay others, which might meet or exceed that 20% depending on their income level.
Doesn’t Spotify offer like .5%