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New Earnings Thresholds Effective 1/1/21 (Read 1039 times)
Mindy
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New Earnings Thresholds Effective 1/1/21
Dec 11th, 2020, 4:57pm
 

Introduced 7 years ago, the quarterly thresholds for artists’ earnings were announced in July of 2013.
1Q = $150     2Q = $150     3Q = $150     4Q = $300  
 
Original announcement here:
http://www.greetingcarduniverse.com/forum/yabb2/YaBB.pl?num=1372702066
 
Artists who meet or exceed the quarterly threshold earn Premium Earnings (double).  Artists with more than one storefront can combine store earnings to reach the thresholds.  
 
Note: Stock Card Creations earnings are not eligible toward meeting the thresholds.  
 
Effective 1/1/21, GCU will be increasing the quarterly threshold amounts.    
 
The new thresholds are as follows and will first be reflected in 1Q 2021 earnings:
1Q – $250      2Q – $250      3Q – $250      4Q – $500
 
See announcement on the GCU Community BLOG:
https://gcucommunity.com/2020/10/16/nuts-and-bolts-new-earnings-thresholds-effec
tive-1-1-21/
 
Please let us know if you have any questions.
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Mindy
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Re: New Earnings Thresholds Effective 1/1/21
Reply #1 - Mar 15th, 2021, 1:52pm
 
 
As extended notice to artists, GCU will postpone the threshold changes to begin on 4/1 for 2Q earnings offering 1Q as a grace period.
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Lisa_131794
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Re: New Earnings Thresholds Effective 1/1/21
Reply #2 - Mar 17th, 2021, 7:35am
 
Great news! Thanks so much Mindy and GCU for this extension! Very much appreciated  Smiley Doing tons of advertising!  Smiley
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Joyce_133459
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Re: New Earnings Thresholds Effective 1/1/21
Reply #3 - Mar 18th, 2021, 3:45pm
 
Many thanks to GCU for the reprieve!! I'm very gratefu, and I'm looking forward to creating more cards and working hard to meet the new thresholds starting next quarter!
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Mindy
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Re: New Earnings Thresholds Effective 1/1/21
Reply #4 - Mar 18th, 2021, 4:12pm
 
Quote from Lisa_131794 on Mar 17th, 2021, 7:35am:
Great news! Thanks so much Mindy and GCU for this extension! Very much appreciated  Smiley Doing tons of advertising!  Smiley

 
Thank you, Lisa!  Cheers to more sales and more pasta & pizza nights!
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Mindy
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Re: New Earnings Thresholds Effective 1/1/21
Reply #5 - Mar 18th, 2021, 4:13pm
 
Quote from Joyce_133459 on Mar 18th, 2021, 3:45pm:
Many thanks to GCU for the reprieve!! I'm very gratefu, and I'm looking forward to creating more cards and working hard to meet the new thresholds starting next quarter!

 
Thank you, Joyce, for your positive attitude and super charged efforts!
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Cherie_131661
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Re: New Earnings Thresholds Effective 1/1/21
Reply #6 - Mar 19th, 2021, 8:15am
 
Quote from Mindy on Mar 15th, 2021, 1:52pm:

As extended notice to artists, GCU will postpone the threshold changes to begin on 4/1 for 2Q earnings offering 1Q as a grace period.

 
 
 Cheesy
Thanks so much!!
Cherie
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