We posted last month about investing advice site The Motley Fool’s soon-to-launch blog network, which blog network president Roger Friedman told us at the time would include “handsome” compensation.
We’ve now got the details thanks to a memo from Friedman to the blog network.
In it, Friedman says that 200 people have already signed up to post, and he expects to get another 300 by Jan. 2, when the network officially launches.
He also breaks down the pay structure.
“Thoughtful, well-written” posts that make mention of publicly traded companies and their stock tickers will earn $50 each.
Those writers who have consistently high traffic “(if your 10 most recent entries average 2,500 sessions)” and who are viewed as “top-notch” by Fool staff will be paid $100 per entry.
This won’t pay the mortgage except for the absolute most prolific writers, but color us impressed—we’re looking forward to seeing how this experiment works out.
The full memo after the jump….