HomeNews & updates140 people made $1.4 million each using this Melbourne-made website - Yahoo...

140 people made $1.4 million each using this Melbourne-made website – Yahoo Finance Australia

Get Fully Briefed with Yahoo Finance, delivered straight to your inbox.
Melbourne-born startup Envato has revealed hundreds of its users have made more than $1 million through its digital marketplace.
Envato allows creative professionals to post assets like stock photos, stock music, website templates, graphics, videos and 3D models for sale and licensing.
The total royalty fees paid to the authors has topped $1 billion this week, the company announced, with 140 people have each made at least $1.4 million in sales.
Another 2,200 authors have made $100,000 each in gross sales.
The highest-selling WordPress theme of all-time, Avada, has earned its authors more than $35 million on Envato.
“We’re pleased to be known as a company that shares with our community a higher proportion of all revenue, especially when compared against some of our biggest competitors,” said Envato chief operating officer Ben Chan.
“We had a record year in 2018 when it came to delivering on our promise of increased author earnings, with more than US$134 million (AU$190 million) paid out to our contributors.”
Envato Elements, the startup’s all-you-can-eat subscription service now has more than a million digital assets on sale, to cater for a population of 150,000 subscribers.
Related story: From taxi driver’s son to $95 million business tycoon
Related story: From $24 in the bank to five multi-million dollar businesses
Related story: How to buy your first shares
The latest milestone now has the company talking about reaching the US$1 billion (AU$1.4 billion) threshold by 2021.
Privately owned Envato was founded in 2006 as FlashDen by Collis, Cyan and Vahid Ta’eed.
The company has more than 500 employees, still based mostly in Melbourne.
Make your money work with Yahoo Finance’s daily newsletter. Sign up here and stay on top of the latest money, news and tech news.
Superannuation reforms have reduced the number of dud funds and cut their fees, the Grattan Institute has found.
Aussies are preparing for yet another Reserve Bank interest rate hike and postie vans could soon have a new use. This is your Monday morning wrap.
If you have received a text message warning your payment is on hold or account has been unlinked, think again before clicking on the link. Here’s why.
Want to look a million bucks for the biggest race day of the year without having to spend big? Here’s a simple trick to look fabulous on a budget.
Aussies in this region will soon get $250 worth of free travel in an attempt to help with the rising cost of living. Here’s who is eligible.
Energy prices are predicted to rise by 50 per cent in the next year, putting even more pressure on Australians to keep up with the rising cost of living. But what causes these price rises in the first place? Jason Murphy explains.

source

- Advertisment -


Most Popular

- Advertisment -