EXCLUSIVE: Wix Tells Benzinga 'Now Partners have the ability to sell their one-off template creations and turn them into recurring cash flow and creators can keep 100% of the profits earned in 2024'
Portfolio Pulse from Benzinga Newsdesk
Wix has announced a new initiative allowing partners to sell their unique template creations on its platform, with creators retaining 100% of the profits in 2024. This move is aimed at enhancing the earning potential for designers and developers within the Wix ecosystem.
April 17, 2024 | 4:19 pm
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POSITIVE IMPACT
Wix's new policy to let partners sell templates and keep all profits in 2024 could significantly boost its platform's attractiveness and potentially increase user engagement and revenue.
By allowing partners to retain 100% of the profits from template sales, Wix is likely to attract more designers and developers to its platform, enhancing its service offerings and potentially increasing its user base and revenue in the long term. This strategic move could make Wix more competitive in the web development space, potentially leading to a positive impact on its stock price in the short term as investors react to the company's innovative approach to growth and revenue generation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100