While we are all about encouraging other businesses and individuals to begin accepting cryptocurrencies in their businesses and for other transactional purposes, we make reports like this publicly available to give individuals and businesses pointers to making better decisions when making the move to accept cryptocurrencies. Also, this is where we point potential investors to get a summarised overview of what our web-stores financial health looks like. We also make reports like this available so cryptocurrency developers and their team who are interested in their coins/tokens being used in the real world, get an idea of where and on what people do with the cryptocurrencies they develop.
Without wasting any more time, this is what the revenue report for August looks like. This report is from Sheldon Store (sheldon.store) only, as our EU store (sheldoneu.store) is still offline at this time. Want to know why Sheldon Store EU (sheldoneu.store) is offline? see this post for details. https://blog-sheldon.store/2019/08/31/why-sheldon-store-sheldon-store-eu-went-offline-what-we-are-doing/
Revenue Report For August 2019 – Source > Sheldon Store (sheldon.store)
Top Selling Categories
Even after adding tangible physical products on Sheldon Store, for some reason, gift cards still remain the top selling category with about 49% in total sales. However we are very pleased to know that people are now shopping for tangible physical products directly, other than through gift cards, with the ASUS ZenFone 5 being the highest selling product in the Mobile Phones & Accessories category with 4 units sold in August. This is closely followed by Graphics Cards which are selling fast as well in the Computer & Networking category.
Where Our Customers Are
With the addition of physical goods in our store, our customer base has grown to almost every continent in the world with Russia being one of the biggest countries customers are buying from. This is expected to increase in the coming months with new products being added to our store everyday.
Top Ten Most Used Coins/Tokens
It is becoming more difficult to track the most eCommerce friendly coins as the results are almost always different every month of the year. Why customers pay with these particular coins is still unknown to us but we believe coin prices volatility could be one of such reasons as people tend to cash out on a coin when prices fall. Also, people cash out on a coin when prices rise and they make a profit from price changes. We are really hoping to have accurate information in the coming months as to why people spend cryptocurrencies.
We are truly grateful to know that after Sheldon Store went offline for over a month, we still have customers who choose to shop with us. Thank you to every one who made this happen.
Remember to follow this blog for more crypto/Sheldon Store related content. Until next time, stay awesome…