I just found out about this promotion from iConsumer and I thought I’d share. Currently, you will earn 100 shares of iConsumer stock when you sign up, and for each person you refer that signs up and uses the service.
iConsumer is a new shopping portal that lets you earn cash back on your purchases by redirecting through their website. It’s basically just like Ebates and Mr.Rebates, which are two of the bigger ones.
Personally, I use Ebates because they were one of the first and I’m just comfortable sticking with them and have earned over $800 in rebates so far.
Like all similar shopping portals, there is no charge for using the service so there’s no reason to not use some kind of shopping portals. The merchants pay the shopping portals, which in turn give you a percentage in rebates money. Even your credit card issuer might have its own shopping portal, like Discover and Chase.
100 Shares Of iConsumer Promotion
Because they are new, they’re trying to gain some growth by being creative. It’s actually quite innovative I’d say. If they were just going to offer the same service as other shopping portals, there’d be no real reason to give them a shot.
I was curious so I signed up to become a member and received 100 “pending shares”. You’ll also earn 100 shares when you refer other people who sign up and use the service as well. Also, you earn more shares every time you earn cash back using them.
Here’s my referral link if you’d like to sign up at their website.
You can see my “pending shares” at the top there.
So, what’s up with the iConsumer shares? Why are they “pending shares”?
Well, they aren’t public yet so really there are no shares to own right now. What they are trying to do is get enough users to sign up and use their service and grow their business. They hope that they can grow bigger, faster by enticing us with the free shares of stock.
And, if they do make it big, we will also get rewarded because we’ll own part of the company. As of this article, they are planning to offer a price of $.09 per share when they go public. If things go well, they can increase that price further down the line.
In the end, there is no guarantee iConsumer will make it big and if these free shares will be worth anything in the future. I’ve signed up because it’s free, but I’m still on the fence about bothering with using them.
At least they do have 45,000+ stores and brands they’re are partnering with. I did a quick search and found some common ones like Walmart, Target, Ebay, Hotels.com, Groupon and Banana Republic.
Whether you end up using iConsumer or another shopping portal, it’s free to sign up now to start earning free shares and decide on it all later. Cheers.
More About iConsumer
Whether or not iConsumer happens to be the best coupon site right now can be debated. If you get a better discount with a coupon from another provider for a particular store and a given product, then that would certainly be more rewarding.
Do the coupons and iConsumer cash back turn out to be more rewarding than others? You can get offers where iConsumer cash back will save you hundreds of dollars. That is not very different to what other coupon sites offer.
Where iConsumer cash back becomes more relevant and perhaps more popular is the range of goods and services that you can purchase. Most companies that offer coupons or cash back deals have worked out an association with some reputed brands and many lesser known brands.
iConsumer cash back is arguably applicable to the most brands you would have heard of and retailers that you are not aware of.
In addition to having one of the largest networks of retailers accepting the coupons, promotional codes and iConsumer cash back deals, it is also the convenience that makes iConsumer a player in the cash back shopping niche.