How Developers make money on Citonhub.
Have you ever wondered how you can make money on Citonhub.com? We have great news! The newly rolled out wallet feature on Citonhub allows you earn from mentoring or organizing a coding community.You can now set up a payment option in your channel and people can easily support you.
Citonhub was built with the aim of making mentoring and growing a tech community easy, and easy includes enabling people to pay you in just a few clicks.
How do you go about this?
Create a channel
Name your channel, add your description, and select your payment plan. Payment plan is how people will pay you. There are three options here and we’ll explain each.
The Donation option means your audience or members can donate any amount of money to you. You can use this payment plan if you are helping freely, but you don’t mind people supporting you along the way. Also, if you don't have an a dedicated audience, it's advisible to start with Donation. Donation lowers the barrier to entering your channel thereby allowing your audience have a taste of the value you create before subscribing.
Here, your members pay a recurring amount of money based on the time interval you set. Only people that pay will gain entry into your channel. You can switch to subscription after your audience have tasted the kind of value you dish out. You can add a subscription plan to a sub-channel even after you initially chose to earn through donations.
If you decide to start a program that requires your audience to pay once and have lifetime access, this option is for you. An example could be organizing a coding boot camp. People only pay once to be part of your channel and they are in forever.
Note: people can't gain entry into your channel without paying when you choose subscription and one time payment
Invite your members and start earning.
How will you get paid?
If you operate a one-time fee and subscription based channel, people would pay before gaining access to your channel. If you operate a support based channel, people can donate to you by clicking on the menu icon in your channel.
How will you pay out?
You can payout by going to your wallet tab. You will see your payment card and how much you have earned. Your total balance is how much you have earned and the payable amount is how much you can payout.
Your payable amount is updated every five working days. This is the maximum time it takes Flutterwave(our payment provider) to process the monies you received from your channel. After payout, it would take 1-3 working days to get to your bank. When you click on Payout, you will be asked to supply your bank details where your money will be transferred to.
How much fees do you incur?
Citonhub takes 10% of your earning as platform fees, and Flutterwave takes a varying processing and payout fee depending on your user’s location and method of payment. You can read more on Flutterwave's fees here.
How do you get a bonus on Citonhub?
Refer your friends to teach or grow a community on Citonhub and get 5% commission on their first ten earnings.