If your product idea becomes an actual product, you will be able to receive a revenue share, specifically 2% of the total revenue of the product during the first 12 months from the release date. However, the initial 10,000 US dollars (or equivalent amount in other currencies) will be excluded from the total revenue when calculating the revenue share for you.
Suppose the total revenue is $120,000 during the 12 month, you will receive $2,200 as your revenue share.
ILOILOH will collect revenue data from the manufacturers every quarter and report the data to the relevant user through e-mail. Revenue share will be paid 2 times per year. ILOILOH will directly contact you when ILOILOH’s PARTNER manufacturer accepts your product ideas and decides to go into actual production.
The rewards received from sales by professional designers are sometimes higher than the rewards set by ILOILOH for users. This is because of the enormous work required to realize an idea. The work of a professional begins with the concept making, and there are wide-ranging roles such as the design, selection of material and several assessments of trial products. Several months will be needed to complete one product.
ILOILOH is a unique place that allows you to approach directly to manufacturers, just by posting ideas, and you can expect revenue shares.
Example: Product becomes on sale on Jan 1, 2017（in US dollars)
If the total revenue is $120,000 during the period from Jan 2017 through Dec 2017, you will receive $2,200 as your revenue share.
Assuming total revenue of $40,000 during a Jan-Jun 2017 period, your revenue share for the period will be $600 ($30,000 times 2%). We exclude the initial 10,000 US dollars. Assuming the total revenue of $80,000 during a Jul-Dec 2017 period, your revenue share for the period will be $1,600 ($80,000 times 2%).
If the total revenue is $5,000 during a Jan-Jun 2017 period and $40,000 during a Jul-Dec 2017 period, you will receive no revenue share for the Jan-Jun 2017 period as the total revenue has not exceeded the initial 10,000 US dollars. For the Jul-Dec 2017 period, $35,000 of the $40,000 revenue will be the basis of calculating your revenue share hence you will receive $700 ($35,000 times 2%).
You will receive revenue share 2 times per year. We will make payment 1 or 2 months after the final date of the relevant 6-month-period. Payment will be made in Japanese Yen for Japanese banks or US dollars for other banks in overseas using an exchange rate at the end of each month. <br/><br/> Payment will be made through Paypal (transfer fee is at user expense).
If product becomes on sale on Jan 1, 2017, revenue share for Jan-Jun 2017 period will be paid in Aug 2017 and revenue share for Jul-Dec 2017 period will be paid in Feb 2018.
ILOILOH will collect revenue data from the manufacturers every quarter and report the data via email only to the ILOILOH user who posted the product idea. In principle, the revenue data will be reported to the user 2 months after the relevant period but is subject to change depending on manufacturer and/or product.
If product becomes on sale on Jan 1, 2017, the revenue data will be reported in May 2017 for a Jan-Mar 2017 period and in Aug 2017 for a Apr-Jun 2017 period
It's time to turn your ideas into reality!