Rewards plugin enables additional features on post editor allowing Authors to lock post or part of post that user can unlock using Diamonds. Users can convert their leader board points into diamonds, Buy Diamonds or Subscribe to a monthly or yearly subscription that automatically gives them diamonds every month. Subscription plan also have other benefits like ads removal which gives them VIP status, exclusive badge and more...
How your website will Earn using rewards plugin?
Rewards plugin offers a complete revenue model with one time purchase and monthly/yearly subscription. Your website will earn by selling a virtual currency that we call Diamonds in this model. The diamonds can be used to unlock some exciting stories on your website. The Authors/Publishers on your website can will earn in diamonds that they can withdraw by making a request.
You can generate your own revenue model using the Rewards Plugin or go with the default model. The default model gives website owner 35% share of diamonds on each unlock and of course you can customize from the settings.
How you can customize the Revenue Model?
The default model will give you 35% of revenue generated from the website. You can completely disable the withdrawal system keeping 100% as website earning. You can increase the default 35% to even more or you can have different conversion rate on purchase and withdraw its completely up to you.
What are Subscription Plans
Subscription plan is a purchase option, you can create multiple subscription plans and offer different features in each plan. Features such as different number of diamonds that user will get if they subscribe to plan. Ads removal, premium support and more.. It is recommended to have maximum 3 active subscription plans. Each plan have different amount options on monthly and yearly subscription. It is great if you offer some additional discount on yearly subscription to attract more users to subscribe yearly plan and pay upfront for whole year.
To Create or Edit plan go to Regards > Subscription Plan to create new plan click "Create new Plan" button to get started.
Make sure to choose a Unique and attractive name for plan, write few words in plan description. Set your monthly and yearly subscription price and enable/disable features you want to offer for plans.
Recommended Plan will have a recommended label on the subscription page and it will be highlighted to attract more users. You can have only one plan as recommended.
What are Diamond Plans?
There are many users who do not want to buy the subscription and are interested in only one time purchase for those users you can offer different amount of diamonds on different prices and you can create several diamond plan options for user to choose.
To create your diamond plan go to Rewards > Diamonds and click "Create new Plan" button. Create/Edit Diamond plan page is simple enter the amount of diamonds you want offer, few words in Plan Name and set your desired price for one time purchase.
Diamond plan and subscription option will appear in your site header
