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
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.)
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
As of this morning, the price per share on the open market is $.10; the number of shares outstanding is 112,975,894. So the Market Cap of your business is $11,297,589.
June will be another interesting month. Amazon has announced that June 21 and June 22 are Prime Days. In the past, we’ve seen a substantial positive bump in revenues due to our members shopping on Prime Day.
So far in May we all used iConsumer so much that our Amazon revenues were up 242% over last year’s mid May number. That’s more than triple growth. Confused? That’s the fun of statistics.
People are more likely to shop more and tell their friends more when they see our stock price go up. People shopping more means we earn more. Making earnings go up. Just maybe, that makes the stock price go up. People get more excited and I get to use the word more more. And it goes on and on.