I hope we all do as well as Quid soon.

I am always trying to sign up new members via my ref.link on Netmums etc..

blythburgh,

Vista print will do you 250 cards, in effect for free - cost of postage is a few pence less than the cashback for new customers and you'll get a few more shares.

The more people we get to join the bigger imutual gets and the more money there will be to reward members who are actively supporting the site via purchases.

I do tell a lot of strangers on the phone and in shops etc so maybe I do get people to join even though they are not my direct refs.

One day I will get around to having something I can give to people with my ref link on. But there are only 24 hours in the day. sigh

I suspect it comes directly from their bottom line, really, but presumably doesn't cost much as not many people participate in those offers.

They of course this year are all doing some form of High st cashback (Click Snap and various other silly names) it will be interesting to see how this impacts on income and costs, I am yet still to work out how it is financed unless they claim the amount direct from the retailer then it will be interesting to see how they account for the sum. (I presume it is just part of the huge marketing budgets they all have).

Is there a possibility that Im will be going into this area?

:oops:
My mistaek
They only made £3,500,000
I don't know how they get by on such a trifling sum :D

[quote="kevinchess1"]£9,000,000 sloshing around in a bank account.[/quote]

£9m is last year's annual gross profit, not their bank balance. Their net assets actually dropped by nearly £1m. Their outgoings included:
- £5.3m in administrative expenses
- £3.6m paid out in dividends to shareholders
- £930k in tax

They actually have over £12m in the bank.

Also explains how they can have a comp with one prize of [b] £10,000 [/b] :shock:
But again that don't help them as much as say 100x£100 would ;)
They could do with a Comps manager :thumbup:

I V much doubt when we get to that stage, that the members will let you have £9,000,000 sloshing around in a bank account.
I'm surprised Q don't offer 'Top up' like TCB
With those sort of funds you could have a daily draw for a £100 only for their Premuim members
Would certainly get the membership up

quidco have recently filed their financial results to 31/7/2012, which may be of interest to imutual shareholders as it gives an idea of the market potential for our company

I posted details of earlier results for quidco and tcb [url=http://www.imutual.co.uk/forum/viewtopic.php?f=2&t=5037]here[/url], [url=http://www.imutual.co.uk/forum/viewtopic.php?f=2&t=10771]here[/url] and [url=http://www.imutual.co.uk/forum/viewtopic.php?f=2&t=20215]here[/url]. The latest quidco accounts are as follows (figures in brackets are for the previous year):

[b]Turnover £55,216,256[/b] (43,471,693)
Cost of sales £46,360,509 (£37,956,412)
[b]Gross profit £8,855,747[/b] (£5,515,281)
Admin expenses £5,298,963 (£3,682,468)
Operating profit £3,556,784 (£1,832,813)
Interest £28,704 (£22,223)
[b]Pre-tax profit £3,585,488[/b] (£1,855,036)

I think they are to be congratulated on a great set of results for their shareholders. But I do think this illustrates that there is a gap in the market for a money-saving company where the customers and shareholders are one and the same and therefore have the same interests :)

Quidco and tcb have established the phrase "100% cashback site" (and, as a result, we've been obliged to use the same phrase). But, of course, no company (not even imutual) passes on on ALL of its revenue to customers - it needs to cover its running costs and generate profits for shareholders. In the case of quidco, you'll notice that in just the 12 months in question there was [b]a difference of nearly 9 million pounds between the revenue they received and what they paid out to members in cashback[/b] (assuming that "cost of sales" purely relates to cashback paid out). In contrast, imutual's entire running costs last year were less than £40k :shock:

Given that, until recently, "the UK's no 1 cashback site" charged £5 for the privilege of membership (and many members are still locked into that charge for up to 12 months), their members might be entitled to ask questions about this £9m 'gap'. :crazy: Especially given that [url=http://www.imutual.co.uk/forum/viewtopic.php?f=2&t=27685]imutual now offers better rates than quidco at over 85% of its merchants[/url] :roll:

The picture is similar at "The UK's most generous cashback site", where the last 3 set of accounts show a difference of nearly £5.5m between income and cashback to members. Not my definition of "generous"...

I don't deny that both quidco and tcb offer some great deals to members. The question is, would they be even more generous if their members could hold them to account in the same way that imutual members can? And if the answer is "yes", then doesn't that make a case for supporting the imutual model - and that by helping us to achieve a similar size to the "big two" you could benefit from even better cashback deals in the long run? Not to mention having part-ownership of what would then be a very valuable company ;)