Ayesha Bari says: Sounds like a great idea! Where does the money for the cashback come from though? From the companies who make the products?

Dan Frederiksen says: aren't you contradicting yourself? you say it has to be about saving money for the users but your premise seems to be one of pure altruism for the user. they buy products from you and you get the bonus money, not them..

and what will you use the money for when you have them..

Frederik Lamote says: Dear Ayesha
Thanks for your comment!
A very good question. I did not entirely explain how exactly a Cashback site works. Because i was affraid my pitch would be to long and complicated then.

I'll get a bit into internet marketing terms right now. In internet marketing there is something called "Affiliate Marketing". Let me explain affiliate marketing with an example: Let's say you have a personal blog, on that blog you talk about a book you are reading, then you can put an affiliate link to a book webshop (for example amazon.com). If one of your blog readers buys that book, you will get a commission. (for example you get 10€)

Now a cashback site works more or less in the same way. The difference is, if somebody wants to buy a book, they first pas by the cashback site. The cashback site will give a part of the commission to the person who buyed the book. (for example 5€ is kept by the cashback site and 5 € is given to the person who bought the book)

If the bookbuyer goes directly to the bookwebshop, he will pay the same price for that book. It only means more profit for the book webshop, because the webshop doesn't have to give a commission to anybody.

You have to see this affiliate commission, as a percentage of the price of a product that is for marketing.

So the money comes from companies who sell the products.

Frederik Lamote says: Dear Dan,
Thanks for your comment.
In my previous comment you can read about how a cashback site works. Maybe a mistake of mine that i did not explain it thorowly from the beginning.
Maybe you also understood from this explanation above, we do not sell products of our own, and that the "bonus" money is actually marketing money that is calculated in the price of a product.

It is not correct what you are saying. The bonus money received goes ENTIRELEY to the account of the Eodine user. We will not even keep a percentage of the money as the business model of a cashback site does.

With this money the Eodine user receives, he will automatically get shares of the Eodine Eco fund in exchange. As if you would buy a share on the stock market. With that difference you will be able to get shares of Eodine without costs and even one share at a time.
The Eodine user is FULL owner of the fund. He will be able to sell the fund and receive the money on his banc account.

The Eodine Eco fund will invest in Eco friendly businesses. This can be busineses that are quoted on the stock market, direct investments or even other eco investment funds where we see good investment opportunity.

I hope this gives answer to your questions,
If you have more questions, please don't hesitate to pose them.

Best Regards
Fred

Dan Frederiksen says: ok, so the buyer buys a product via you that has a higher price than normal which is a mandatory stock purchase of this investment fund.

isn't there a real risk that this amount is so small it's not worth the effort to track it for the buyer?
let's say they buy 10 euro worth of compact flourescent light bulbs and 50cent? extra cost goes to that fund. is it reasonable to expect them to want to track that or be motivated to buy via you then?

even if it's a large purchase of 2000 euro and they pay say 100 euro over the price in the mandatory investment fund purchase, do you really think they will pay 2100 and hope the stock goes up enough to warrant their mental effort in tracking it when they could buy it elsewhere for 2000 or less and not have to worry about following an investment for years?

Dan Frederiksen says: it doesn't seem to me like the incentive is anywhere near potent enough to to make any difference in a decision to buy for instance a solar panel system. does it really have a chance of taking ignorant indifferent people and make them see the light?

Yan Grin says: Hi Frederik,

why is your website doesn't work?

it seems like an idea as yours need a strong visual exposure... and when i copy paste your address, it gives me some Register Domain site... not good my friend not good...

Kind Regards,
Yan G.
www.yangrin.com
yan@yangrin.com

Frederik Lamote says:
Dear Dan,
I think you don't get the concept of a cashback site. The product that is bought thru Eodine is NOT at a higher price than normal. It is a commission on a sale we get from a webshop for promoting them, this commission goes entirely to the Eodine user.

Let me illustrate with an example:

If you go directly to amazon.com, see a book that costs 20 €
If you go buy that same book thru Eodine you will also pay 20€ for that book. But amazon.com will think, Eodine has made promotion for that book and therefore Eodine will get a commission. That commission (for example 2€) will go entirely to your Eodine Account.

So if you would have bought the book directly on Amazon.com you would have payed 20 €
If you buy it thru Eodine, you will also pay 20 €, BUT you will get 2 euro back that is invested in a fund. That is why we call it a Free fund.

The Second part of your comment:
Indeed it's about small amounts. But cashback sites do work and have succes, despite the small amounts they pay.
With Eodine you earn more than with the average Cashback site, because we will payout 100% of the received commissions and will be reïnvested for free.

There are a mass of environmental friendly products that can be promoted.
for example:
Eco tourism sites, environmental friendly detergents, biodegradable clothes, green webhosting, ebooks, natural cosmetics, energy efficient appliances, a solar backpack,... So many eco friendly alternative products.

Check out sites like evo.com or ecoshopper.net for what is on the market.
Everybody needs some of these ecofriendly alternatives. A few of these purchases a year you can collect a nice amount. I you use Eodine year after year, let your capital grow in the fund. After a few years you will find yourself with a nice capital.

I hope, Dan, things are getting clearer to you. Don't hesitate if you have more questions.
Best regards
Fred

Frederik Lamote says: Dear Yan,

You are absolutly right.

The reason is, I heard about the good entrepreneur competition last friday. It was a real rush to put together a good pitch.

For the moment, the domain name is now redirected to the Eodine blog.

Let me congratulate you with your very nice designs on your Website. I'll contact you if i need a good designer.

Best Regards
Fred

Yan Grin says: Hi Frederik,

That explains it... and that's absolutely fine, we all had those rush moments and it is understandable.

I'll be more than happy to assist in case of your need in my services.

All the best and Good Luck! :o)

Kind Regards,
Yan G.
yan@yangrin.com
www.yangrin.com