I don’t know about you, but being able to shop online has changed my life. As much as I’ve always love to shop in general, the ease of seeking, finding and purchasing what I need (sometimes at the last minute) from the comfort of my office and home has saved me time, stress and yes, money.
Coupons, discounts, free shipping and cash back have all made this shopping online business appealing, easy and very friendly in the ‘money-saving’ department. But now there is a new way to embrace all of these benefits and OWN a piece of a company at the same time. Allow me to introduce you to iConsumer – a shopping portal that allows you to save money on purchases, accumulate cash back AND own stock in the company – all while you shop.
What do I mean?
I mean, as you head to the stores you typically shop online, make purchases, you will be earning stock each and every time. iConsumer has partnered with more than 1,600 stores, so it is easy to find your favorites. Oh…and if you don’t see a store you love and typically shop, iConsumer wants to know about it. Simply send them a quick support ticket.
With the motto Shop + Earn + Own, iConsumer wants their community to not only save money, but to be business owners as well.
Is it really that easy?
Here’s how it works:
- You head to iConsumer and sign up.
- The first thing you will do in the process is install the iConsumer button (a simple process) that will notify you as you head to partner shops and track your spending, earning, and owning. After making my first purchase using the portal, I forgot the button was installed, continued my weekly shopping and was amazed to find myself receiving emails notifying me I had earned additional cash back and stock.
- Search for your favorite shops, make a list of those you love and seek out the best and most current deals.
- Use the apps: IOS and Android options make shopping (and earning) on the go easy.
To answer a few questions:
Really, Danielle, what do you mean by ‘earn stock’.
When you sign up, you are gifted your first ‘pending stock shares’. After that, every time you make a purchase or recommend the site to a friend, those shares will increase.
What are the shares worth?
From iConsumer, “The SEC won’t let us tell you that (and it’s only our opinion, anyway). What we can tell you is what people are buying and selling it for. When the SEC has qualified our offering, and we’re allowed to sell our stock, we plan to begin at $.09 a share.”
Can I sell my stock?
The short answer, “yes”. Once the SEC ‘qualifies’ the iConsumer stock, they will work with a stock transfer agent to make it possible (and easy) for you to sell, though it is important to note, as with all stock, you need a buyer in order to sell and that can’t be guaranteed. However, I love the idea of watching my shares in a growing company with a novel concept continue to expand.
Stock ownership is confusing.
I get it, this concept is new. While many people own stock in a company, the idea of earning ownership while you are doing something you do all the time anyway, may seem just too good. Not to worry, one of the things iConsumer is doing well, is supporting and guiding their community as they grow and expand. They have created a Shareholder’s Academy to help you to understand the process, learn about dividends and feel comfortable with what you are earning.
When do you get your cash back?
Approximately 90 days after the purchases are reported and once you have accumulated $25 earned.
How do I keep track of my earnings and ownership?
Your individual iConsumer dashboard tracks everything for you – the stores you visit, the purchases made, the cash back earned and your pending stock.
Connect with iConsumer:
Find them on Facebook.
Follow them on Twitter.
I’d love to know what you think once you’ve had time to explore the site (and sign up!)