I’m sharing another letter (from Matt C. – thanks Matt!) and my answers. Hi Rob, Disappointed to hear about Amazon dropping iConsumer as an affiliate. Me too. I had always worried that it was a matter of time. Later would have been better, though. They apparently don’t see benefit in the loyalty / reward model. … Continue reading Questions from a shareholder
As you’ve probably noticed, Amazon is no longer paying us commissions when you shop there. We had been growing that revenue stream quite nicely, and my guess is that they decided they didn’t need us any longer. I’m very disappointed, but wasn’t surprised, since they aren’t doing business with folks like Rakuten anymore, either. It’ll … Continue reading Amazon vs. Walmart
I’m pleased to convey that, provisionally, our September cash gross profit (revenue minus the cash cost of revenue) looks to be 13X last September’s number.
Our Form 1-SA was filed with the SEC on Friday. It’s our financial recap of the first six months of 2021. In this posting I get to go into more detail about what we’ve experienced, why we’ve experienced it, and some thoughts on the balance of the year. All with a focus on cash.
Our transfer agent has increased the price they charge us to move shares from iConsumer into your transfer agent account. On top of that, they’ve increased the price they’ll charge you to move shares from your transfer agent account into a brokerage account. Because of these price increases, as of October 1, 2021 we’re no … Continue reading Share Transfer Price Increase
If our stock price goes up, that can interest more people in using iConsumer to shop. More people shopping generates more revenue and cash. More revenue and cash are supposed to help drive stock price up. A virtuous cycle. Let’s hope that theory becomes reality.
I’m sharing results a bit earlier than normal because I want to share them in a public venue next week. As always, I think that understanding how we’re doing at Amazon gives us and you insights into the health of our business. As I talked about here, we’ve got stuff happening with tests of a … Continue reading Amazon Early September Results
I’m quite pleased with Amazon this month (it’s one of our canaries in our coal mine – a leading indicator). As always, these numbers are preliminary, subject to change without notice, and may be a misguided leading indicator. (Sometimes it’s just the canary’s time to go.)
Good things are happening. Some of them are easy to see publicly (our new member count, for instance). Some will become apparent when we issue our semi-annual financials next month. Some you can interpolate from watching how many shares are being earned.
Each month we’ve been sharing our Amazon results because how we’re doing at Amazon gives us, and you, insights that we think are valuable. This month, we’re adding our membership growth results for additional insights. This post also has an ulterior motive beyond knowledge and insights. It also gives us a chance to nudge you … Continue reading Amazon & Membership July Results