The Full Launch is official. We’ve opened up the site to the public, worked out most, if not all of the kinks, and the competition has already started to heat up. With more than 5,000 votes cast for reviews within the first 5 days of opening, and record setting visits to the site, we want to congratulate all of our community members on the early success with the new model.

THE NEW MODEL ITSELF

SharedReviews is built on the simple idea that community comes first. Our community members are so important, that not only do we pay them a portion of the money generated from their involvement in the community; the amount is determined by how much effort they put into getting involved with SharedReviews. Here are the 5 main elements you need to keep in mind with the new system:

Step 1) Expand your Profile: Your profile is who you are, and although privacy is of the utmost importance, we encourage you to share the basic facts of your life that allow readers to understand not only the experiences you are sharing, but what type of person you are so they can better empathize, thus making your reviews more tangible and more valuable.

Step 2) Create Product Reviews: Review any product you like from any one of our categories since there is no approval needed to publish them publicly. Imagine telling your best friend about a new product you bought, whether you love or hate it, that’s what will garner you the most value for sharing your thoughts. Don’t forget rich media! Real photos you’ve taken, videos you’ve recorded, and even custom pieces of info such as your own rating terms make your reviews stand out.

Step 3) Cast your Votes: Voting is at the center of how we share revenue with our reviewers, but it’s also how we reward those who are willing to go beyond creating reviews to fuel the SharedReviews engine. Everyone who votes on a review that generates revenue earns a portion of the money earned from that review. Make sure you check out the new Votes tab in the Community dashboard to track all of the votes you’ve made.

There are three simple voting rules to keep in mind:

• Voting Rule 1) You can only place up to three votes in a particular category each month.
• Voting Rule 2) For obvious reasons, you can’t vote for your own review.
• Voting Rule 3) You can only vote for a particular review once.

Step 4) Socialize: Having an established network of friends on SharedReviews will help get votes for your reviews, and those votes translate to a higher ranking for the review in a category at the end of the month. The higher your ranking, the more you and your voters earn.

Step 5) Earn your Revenue: Each month, we share 50% of every dollar we make off of the experiences shared in our community. The key is that you get paid when we get paid, and each month the process starts from scratch so the earning potential never stops! Revenue is allocated to each sub-category at the end of a monthly cycle, and is split amongst to the top reviews in that sub-category. All revenue earned by a particular review is ten split 50/50 between the author and the voters who got the review into a top spot.

Since we just launched, revenue for the community will start low and increase as each monthly cycle goes by. In order to test the new voting based revenue sharing structure, we are allocating $5,000 out of our own pockets to share with top reviews, as decided by the community, before the end of this month. For more information on how the $5,000 will be distributed, make sure you take a look at the sample breakdown in the forum.

Come on in and join in all the fun!