Paying fee for online talks

I have organized many online talks on investment, insurance and financial planning.

In the past, I asked the participant to pay the fee of $10 (which will now be increased in stages to $30) by PayNow and to notify me of the payment.

I had to take the trouble to update the payment. It can be quite tedious.

I have now changed the system. The participant will update the payment on their own by entering the payment reference number from the bank. The fee is automatically taken as being paid.

It is possible for a participant to cheat me by updating the payment, even though they have not made any payment.

I will be able to check the actual payment received on the day of the talk. If the payment is not received, I will call the participant to verify.

I will only send the link for the talk only to those participants who have actually made the payment.

I do not think that participants will deliberately cheat me, but for those who do, I have a way to check.

The fee for future talks will be increased to $15 and later in stages to $30.

The fee of $30 for a 90 minute talk works out to $20 per hour.

I understand that some speakers charge $4,000 for a 3 day talk on investing (i.e. $200 per hour for a 20 hour talk).

So, my eventual fee of $20 per hour is only 10% of the commercial rate.

I advise participants to register early as the registration may close one or two days before the talk. I do not have the time to handle last minute requests as they are quite troublesome for me.

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