What is it?
How does it work?
Example Income Profile:
3 events per month each with a £300 administration fee (payable by the user) plus a comission rate of 10% (payable by attendees ).
There is an average of 200 attendees to each event costing £25 per ticket.
£300 x3 = £900 in administration fees per month
3 (events) x 200 (attendees) x £25 (per ticket) = £15,000
10% of £15,00 = £1,500 per month in commission
In total the library would receive £2,400 a month