TipJoy’s New API Lets Web Apps Share the Love (and Cash) With Their Contributors
techcrunch.com
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Read more about how we are doing things differently in my comment on the post: http://www.techcrunch.com/2008/05/27/tipjoys-new-api-lets-we...
I wouldn't be too surprised if the tipped amount ended up being more than 3%. Any stats?
As we move to other models of micropayments, this issue won't be as big.
EDIT: I may be mistaking, but it appears to me that the first day Adsense rolled out, they earn 10 bucks, and they had way more followers than TipJoy. I know I am buying this stock.
Also, there are issues of 'motivation crowding' to consider -- most sites/projects that rely on user contributions could hurt themselves if they made it seem that financial rewards were the main reason to contribute. Cf: Google Answers vs. Yahoo Answers, among others.
The real challenge, I suspect, is creating a cultural expectation that certain kinds of online content/service should be supported by casual tipping. That's a matter to be addressed with marketing/trendmaking/usability/ubiquity/patience, rather than complexifying the process with backend payout-sharing.
I think you see more confusion in the revenue-sharing models. When you bill it as "We'll pay you for content!" then it really puts people into a mindset of $$$ which can effect how much they want to contribute in their spare time.
I think there's a good chance that won't happen in this model when you say "Hey, you can let people tip you a dime for this content if you want."
Still, I'm interested to see how well our community enjoys it.
This leads to the question if online tipping is a luxury good. Tipping in restaurants for instance is so ingrained both socially and because the staff need the money that tips may be squeezed in an economic downturn (see http://waiterrant.net/?p=436), but they will hold up. For online content, that remains to be seen, but we can definitely try.
That could even be our tagline, "Tipjoy: less thinking, more love"