Please take note of the fact that the estimated value of the audience we’re building far exceeds the direct cost of building that audience
… with the exception of one small item, Walmart was the same price, and for most things, the same shipping schedule. Indeed, the lawnmower arrived a day early.
Sure, you can use a competitor to get cash back. But that has no magic, no opportunity for an exponential return. Even if you turn around and invest that cash back into Microsoft stock. Microsoft’s stock price may go up (or down), but it’s unlikely to double, triple, or go up 400% in the near future. Or even the far future. It’s way too big for that to happen. The beauty of a start-up lies in the potential of exponentiality.
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.
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.
This new offering becoming qualified set into motion changing the price at which we sell our stock (either because you earn it shopping, or buy our stock directly from us at iConsumer.com/invest).
Price raised to $.25/share On Feb. 8, 2021, we filed a new preliminary offering circular with the SEC. When qualified, it’ll change from being preliminary to being effective. It’ll reflect whatever questions or observations the SEC might have had with our submission. Most importantly, we will be able to continue offering our members the ground … Continue reading New Offering Filed
Now through January 31, 2021 With the extension of the Federal Stimulus program, and the strength of our holiday season, we’ve decided to offer Double Stock Back for another month. We went into great detail as to our thinking on this in this post earlier this year. It’s our New Year thank you to all … Continue reading Double Stock Back Extended Again
What’s sweeter than Honey? When you own the hive! Honey is a direct competitor to iConsumer – rewards and loyalty. They sold with a reported $100,000,000 in revenue, 17,000,000 members, and $50,000,000 of venture investment. The fat cat venture capitalists won again. Some of them apparently got a 300X return on their investment. Now don’t … Continue reading Honey sells to Paypal for $4B