Subscribe to RSS feed
posted on 8 Aug 2016  -  26,179 views
About four months have passed since the
major crisis faced by SGXcafe. At that time, SGXcafe had to choose between paying tens of thousands in licensing fees yearly to continue running, or face closing down. I have chosen the former, which is why SGXcafe is still operating today.
Although it put a huge dent in my savings, I do not regret my decision, because in the last four months, the number of SGXcafe users has grown by 250%. The knowledge that SGXcafe is truly useful, and that even more people are benefiting from it, gives me a sense of fulfilment like no other. However, what this also means is that more than half of the users might not know about the situation SGXcafe is facing, and unaware that they have the power to contribute, hence this little reminder :)
No matter who you are, there is definitely a way for you to contribute to SGXcafe! Here are two main ways:
1) By Sharing SGXcafe With Others
In the long run, the goal is to cover the licensing costs via advertising revenue. For that to happen, a healthy amount of traffic, which also means a large number of users, is important. By sharing SGXcafe with others through your blog or social media platforms, you are helping spread awareness of SGXcafe.
I want to recognize these efforts, so if you have helped share SGXcafe, please let me know so that I can credit you on the list
here. In addition, to specially thank users who bring in significant traffic (as identified by Google Analytics), they will be also upgraded to
Friend of SGXcafe for a year.
Here is a
list of benefits for Friends of SGXcafe, with the main benefits being free of banner ads, and access to the private friend sections. There are also plans to add more benefits in the future.
2) By Donating to SGXcafe
As of now, the monthly advertising revenue is only able to cover 25-30% of the monthly licensing costs. While I am grateful that it has risen from the 10-15% from four months ago, it is still far from sufficient and SGXcafe is continuing to operate at a loss everyday.
As such, I would like to ask for donations to SGXcafe to reduce the impact in the short run. Any amount is greatly appreciated, but any amount equal or higher than SGD 30 would make you a Friend of SGXcafe for a year. To make a donation, please refer to
Although only 35 users (or 1.4% of registered users) have donated since the
last call for donation, they have donated generously (the average is well above SGD 30) and the donations have reached 10% of the yearly licensing costs. Thank you all very much!
There is no contribution too small, and I am immensely thankful for each and every gesture of contribution. If SGXcafe has been useful to you in your investment journey, I sincerely invite you to join me in keeping SGXcafe going together.
Happy National Day!
Next Article >
< Previous Article
SGXcafe Now Computes Your Cash ...
SGXcafe Andriod App Now Available!
List All Articles
Other articles by evankoh
Introducing The New Stock Screener
Previously, I mostly viewed "What stocks to buy" as a ranking problem. What this means is that I would rank all the stocks available based on some criteria and pick the top few to purchase. Hence, tools that I built tend to generate a score and ranked accordingly. Examples are iAssist, Dividend Strength and Scorer (Scorer was previously known as Screener). However, after taking the eVIMC course and ...
Quick Features' Update: Multiple Portfolio in Emails, New Portfolio Profile Page, and more
I had some time this weekend and managed to finish up a few user requests, and would like to share them: 1) Individual Portfolio in Daily Market Update Emails Now you can opt to view the performance of each portfolio you own by simply going to this page and checking the "Individual Portfolio - Information about each portfolio you own" box. You will see the performance of your individual portfolios ...
Refer & Get Limited Edition StocksCafe T-shirts!
Happy Lunar New Year! As you might know, one of the main objectives of StocksCafe this year is to grow. So as you are sharing/talking about your financial freedom journey with your friends and family during this festive season, it would be great if you could also take this opportunity to share the tool/website that hopefully helped a little in your journey :) Token of Appreciation For every person ...