imutual.co.uk

hugginhill wrote: Payout ratio and fixed costs are unrelated. I've clearly touched on a sensitive subject Richard and will back off.

On the contrary, we are all grown ups. If you have something which makes you nervous say it.

Perhaps you feel the numbers do not add up? We are happy to discuss this in detail. In the absence of a proper discussion some people may become suspicious, consequently our credibility as an honest broker will be compromised.

Over to you hugginhill...

Yes, please do continue to ask questions. That's what I'm here for Perhaps my response came across the wrong way

hugginhill wrote:Payout ratio and fixed costs are unrelated

I might be mis-understanding your point, but to use hypothetical figures: if we have £100k revenue and it costs £25k to run the site, then clearly our payout ratio can only be 75% at most (without making a loss)

If our revenue increases 10x to £1m, our costs are highly unlikely to increase by a similar margin. So our payout ratio would increase

richard@imutual wrote:
That's what I'm hear for

Looks like K.C has hacked into that ID

I think the problem may be with what you include under the heading "cash back paid". As I said in my original post I took the numbers you provided literally and without checking. The costs of running the sites I took to be reported under the heading of overheads. If "cash back paid" doesn't mean what it says then my interpretation may be wrong.

A few thoughts...

1 Presumably, ‘cashback paid’ actually means ‘cashback payable’ – that is allowance is made for cashback that has been awarded but not yet claimed by the member.

2 If all are indeed payout 100% of cashback, where does the surplus come from? Are there clicks that generate cashback that is not passed on (amazon?). Are there other payments – eg bonus for hitting earnings thresholds?

3 Are operating costs of IM sustainable? It doesn’t generate enough to pay Richard a decent salary – or reward all of his development work. They also aren’t enough to fund any kind of marketing or PR to grow IM.

In answer to Q2 Any sales made though our Amazon link generate some income for IMutual

I'm happy for them to pay large amounts of corp. tax, at the end of the day cashback is an added bonus for consumers so if the treasury gains a bit too then great.

But I have to say, of the 'other two' cashback places, tracked -> payout does seem quicker, atleast on my transactions; and when a few have had 'blips' I've emailed them and they've gladly released it manually (Quidco) - but granted, my six years with them has probably earned me the retention perks.

rsturbolad wrote:I'm happy for them to pay large amounts of corp. tax, at the end of the day cashback is an added bonus for consumers so if the treasury gains a bit too then great.

But I have to say, of the 'other two' cashback places, tracked -> payout does seem quicker, atleast on my transactions; and when a few have had 'blips' I've emailed them and they've gladly released it manually (Quidco) - but granted, my six years with them has probably earned me the retention perks.

My opinion of Quidco is unprintable and I will never use them again. I am surprised at the figures how small imutual still is after over 4 years!

cashbacklover wrote:

richard@imutual wrote:
That's what I'm hear for

Looks like K.C has hacked into that ID

Oh please
Richard has the easiest pasSword ever 'CASHBACKGOD1'

wHEN i was helping Luke set up his account I asked 'What do you want as yer password?'

'Me-dic' he replied laughing
Type it in and said 'The computor says it not long enough '

'Lots of girls tell me that.' he said and started crying