Total Transparency
What We Post
For Ideas that are under development, we post:
- Contributions received
- Additional funding contributed by the company
- Expenses for services like engineering and design
- Expenses for materials and prototypes
- Every miscellaneous expense
- Receipts or invoices for every expense
For Products we are selling, we post:
- Cash received for orders
- Cash received for shipping
- Manufacturing cost
- Packaging costs
- Amazon fee, if sold on Amazon
- Shipping costs if shipped to a distribution center
- Warehousing costs if shipped to a distribution center
- Processing costs if shipped to a distribution center
- Gross profits
- Net profits
- Profit sharing to the company, the idea originator, members who worked on the project
- Receipts or invoices for every expense
How Profits Are Shared
We repay manufacturing costs, any shipping fees, and development costs from sales. We also put a small percentage into a reserve fund for marketing.
What's left is profit, 100% of which is shared 50/50 as follows:
- Hubmade Platform - 50%
- Members - 50% as follows
- Idea Originator - 25%
- Members who contributed to the development, if any, share in the remaining 25% based on the amount of their contributions as determined by the Project Manager. Any remaining profits go to the Idea Originator.