Duck Donuts’ Post

Dutch Bros offers gift cards that can be purchased both online and in their physical locations. These gift cards are perfect for coffee lovers and can be used to buy any of the beverages offered at Dutch Bros stands, including coffee, energy drinks, teas, and smoothies. How to Purchase: Online: Dutch Bros sells e-gift cards through their website.https://https://lnkd.in/eBM7nvK9 You can choose an amount, personalize the card with a message, and send it directly via email. In-Store: Physical gift cards are available at Dutch Bros locations. You can load them with a specified amount of money and use them or gift them to others. Usage: Dutch Bros gift cards can be redeemed at any participating Dutch Bros stand. You can check the balance of your card online or at any Dutch Bros stand. Would you like help finding where to purchase a gift card or check your balance? https://lnkd.in/eBM7nvK9 #innovation #management #humanresources #digitalmarketing #technology 

In partnership with the California Restaurant Association, please use the link below to send your Assemblymember a quick pre-written note asking them to vote NO on SB 1272. SB 1272 (Laird) faces a big vote in the full Assembly any day now and we need some quick action to amplify our daily lobbying on the ground in the state Capitol.  SB 1272 will gut many gift card programs as it requires businesses, upon customer request, to cash out gift cards with a $25 value or less. Not only does this proposal undermine the gift giver’s intent (to provide a restaurant experience to someone), but it also would necessitate having larger amounts of cash on site in order to be ready to comply on any given day with an unknown number of people that may- or may not- request cash from you in exchange for their gift card of $25 or less. Act now: https://loom.ly/MukB-d0

Starting December 1st, 2024, ‘This Is Why’ is launching and inviting you to participate in the first annual ‘Illuminate The Holidays’ campaign. This is an opportunity to be a light to someone who you may not know needs it most. Here’s how it will work: Purchase four gift cards from Starbucks or a similar shop. Put as much or as little as you’d like in each card. Whatever you feel in your heart. In each of the four weeks of December, from December 1st through December 28th, give one of these gift cards to someone. It may be a delivery driver, a close friend going through a difficult time, the receptionist at your gym, a parent you see on the sidewalk walking with their kids. Anyone. This is an opportunity to be an unexpected light in someone’s life. They may be going through a recent significant loss, a phase of grief that feels incredibly dark, or other difficult struggles. Giving can be reciprocal, bringing warmth even to yourself. We challenge you to exemplify gratitude & lift someone up by sharing a little bit of love. Use the hashtag #TIWIlluminateTheHolidays in any social media stories or posts & let’s bring some smiles during this holiday season.

Starbucks isn't a coffee company. It's actually a bank that sells coffee ☕️ Starbucks has built a $12 billion bank right under our noses. Here's how they did it👇 Starbucks operates over 33,000 stores in 76 countries. They did $29B in revenue in 2021. However, 41% of their revenue is exclusively gift card sales. The gift card is a flywheel for their business ⚙️ In 2001, Starbucks introduced its gift cards for the first time. Within 8 months, the company had already seen 4 million cards activated. This was the first sign they might be on to something 📈 The Starbucks Gift Card business is HUGE, with 41% of revenue🤯 In contrast, the next largest gift card programs are GameStop and AMC. Their gift card programs are 15% and 10% of sales respectively. Starbucks has made its gift card a flywheel for its business and this is how it works: 𝟭𝘀𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗶𝗻𝗶𝘁𝗶𝗮𝗹 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗲 ✅ It's a co-worker's birthday or anniversary. You stop by Starbucks and pick them up a $25 gift card. But because you're in there, you also pick up something for yourself. A $25 sale became a $35 sale. 𝟮𝗻𝗱 𝗶𝘀 𝘂𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗚𝗶𝗳𝘁 𝗖𝗮𝗿𝗱 🧧 So your co-worker goes to Starbucks a couple of times and spends the $25. But because no one spends EXACTLY the amount on their card, your co-worker gets an extra item. They spend an extra $5. 𝟯𝗿𝗱 𝗶𝘀 𝗕𝗿𝗲𝗮𝗸𝗮𝗴𝗲 🤑 Breakage is an industry term for unused gift cards. Everyone knows that some gift cards will never get spent. Starbucks knows this too and they plan for it. The company makes $155M in pure profit off of unused gift cards. 𝟰𝘁𝗵 𝗶𝘀 𝘁𝗵𝗲 𝗳𝗹𝗼𝗮𝘁 𝗼𝗳 $ 🏦 When you buy a Starbucks gift card, you give Starbucks money w/o getting anything in return. Do you know who else you give $ for nothing in return? The bank! Starbucks acts like a bank. They invest the money & receive interest just like a bank does. So, the lifecycle of a $25 gift card can bring as much as $45 to Starbucks. At the end of 2021, they reported $1.6B in gift card sales that have yet to be redeemed. Starbucks used their flywheel to perfection. Now they do more revenue than McDonald's 🍔 𝙎𝙤 𝙬𝙝𝙖𝙩 𝙘𝙖𝙣 𝙬𝙚 𝙡𝙚𝙖𝙧𝙣 𝙛𝙧𝙤𝙢 𝙩𝙝𝙞𝙨? Find your flywheel! There are revenue centers in your business that you may have no clue are there. Examples of flywheel revenue centers: Retail Sales --> Gift Cards Real Estate --> Repurpose Excess Space Wood Working --> Sawdust Sales DTC Sales --> E-Mail List 𝗧𝗟;𝗗𝗥 Starbucks sells $12B in gift cards every year. This accounts for 41% of all revenue. They make money 4x from one gift card sale. The unused gift cards are a $155M profit center alone! ---- 🧠 𝗣.𝗦. If you learned something, hit the “repost” button ♻️ and follow me Mehmet Karakus for more! It’s free but means a lot to me.

Truth: I read Starbucks' 2023 annual report for fun. 😅 They expect $215m in gift cards sold will go unused. Like, unused forever. Like, they'll pocket (almost) all of it without providing a venti this or a grande that. Starbucks isn't the only giant retailer making boat loads of money from used and unused gift cards. Most publicly traded retailers don't share line items specifically for gift cards (I checked 😅). But it's safe for us to imagine that they are collectively making billions from unused gift cards alone. Of course if we send a gift card, we hope it's used (fun fact: 85% of Starbucks cards are used). However, in the event that a card you send isn't used, would you rather the business benefitting be a behemoth like Starbucks or the mom and pop coffee shop around the corner? 🧐 Let's send more local gift cards. And if you're considering a tool that could help do it, take a peek at Bold Xchange: https://2ly.link/1zIKo P.S. Starbucks claimed nearly $15 billion in total gift card sales in 2023 and had $1.6 billion in unused gift cards on its books at year's end. 🤯

Are you a coffee drinker? ☕️ Check out these gift card stats with your morning cup: Bold Xchange enables users to send and receive local eGift cards—local coffee shops are popular options. So when we consider the level of impact our software could have, we take a look at public coffee shop info. 🏆 Starbucks (to no surprise) is the top dog 🏆 They are everywhere, and they were the first to lean in heavily on a digital payment and rewards system. Kudos. 📉 Dutch Bros has some work to do 📉 By comparison to the others, it seems like activating customers beyond their locations has not been a priority. 👍🏾 Peet's is on the right path 👍🏾 Ahead of Starbucks—and almost 3 times higher than Dutch Bros—per location gift card revenue is strong. 🚗 Black Rifle Coffee is in its own lane 🚗 The pound-for-pound gift card prowess of Black Rife highlights the multiplier effect of ecommerce and social. The bottom line: people send a ridiculous amount of coffee gift cards. 😂 Our belief: if it we make it easy like the big guys do, people will send tons of local coffee gift cards, too. Learn more about Bold Xchange here: https://2ly.link/20tnu Get neat gift cards stats in your inbox (weekly) here: https://2ly.link/20tnz

With so many people dining at home for Thanksgiving, should restaurants stay open on Turkey Day? 🥘 🔗 https://lnkd.in/ewnRyQPG Absolutely! Thanksgiving is a time for gathering with family and friends, making it the perfect opportunity for restaurants to stay open and create special promotions that encourage customers to trade home-cooked meals for a memorable outing with loved ones. 👉 Take one of our merchants, for example: in their Thanksgiving promo, they’re offering a 5% credit back on any gift card purchase over $50. Plus, each gift card purchase automatically enters customers into an exclusive drawing for a chance to win an additional $50 gift card. 👉 👉 This strategy achieves two goals. First, it strengthens customer loyalty by offering a 5% credit reward, making customers feel appreciated with an unexpected bonus. Secondly, it attracts new potential customers, as gift card recipients will visit to redeem their card—whether for Thanksgiving dinner, delivery, or a future visit. 👉 👉 👉 With LoyLap's Gift Cards & Campaigns, businesses in the food industry can drive gift card sales for any holiday. Once a campaign is live, merchants can use the LoyLap Dashboard to track gift cards in circulation, monitor redemptions, view earnings, and even project future income from unredeemed cards. Want to know more about how our technology transforms the way merchants do business? Visit our website to learn more! #MerchantServices #CustomerLoyalty #LoyaltyRewards #ValueAddedServices #ISOs #PaymentSolutions #mobileapp #mobileappdevelopment #marketingcampaigns

🎓 Drive Gift Card Sales for Graduation and End of School 🎓 With the school year at an end, now is the perfect time to promote restaurant gift cards as the perfect gift for graduates and their teachers. A dining experience is a memorable way for to celebrate achievements and hard work. Some quick ways to promote your Gift Card program: ✔️ Promote gift cards when you present the check at the end of a meal. Make sure your servers understand the promotion and can answer guest questions if they have them. Make sure they can facilitate gift card transactions at the point-of-sale. ✔️ Highlight your End of School Year and Graduation Gift Cards on all your socials. Be sure to use images of your actual gift cards (or your best restaurant pix if you don't have one) to catch your audience's attention. ✔️ Add a pop-up banner on your website to prominently feature your gift card promotion. ✔️ Include this promotion in your newsletter or email. Emphasize the ease and thoughtfulness of gifting a meal at your place. ✔️ Inform local schools, PTAs and parent organizations to spread the word that your restaurant offers the perfect gifts for graduates and teachers. 🐟🥣💗 #RestaurantMarketing #GraduationGifts #EndOfSchool2024

Truth: I read Starbucks' 2023 annual report for fun. 😅 They expect $215m in gift cards sold will go unused. Like, unused forever. Like, they'll pocket (almost) all of it without providing a venti this or a grande that. Starbucks isn't the only giant retailer making boat loads of money from used and unused gift cards. Most publicly traded retailers don't share line items specifically for gift cards (I checked 😅). But it's safe for us to imagine that they are collectively making billions from unused gift cards alone. Of course if we send a gift card, we hope it's used (fun fact: 85% of Starbucks cards are used). However, in the event that a card you send isn't used, would you rather the business benefitting be a behemoth like Starbucks or the mom and pop coffee shop around the corner? 🧐 Let's send more local gift cards. And if you're considering a tool that could help do it, take a peek at Bold Xchange: https://2ly.link/1zIKo P.S. Starbucks claimed nearly $15 billion in total gift card sales in 2023 and had $1.6 billion in unused gift cards on its books at year's end. 🤯

JOIN OUR FOOTY TIPPING COMPETITION FOR A CHANCE TO WIN! https://lnkd.in/gSRNMhn7 The AFL Footy Tipping competition runs from MARCH 7 – AUGUST 23, 2024. There are three (3) major prizes to be won: 1st prize - $3,000 in store credit or a $2000 gift card 2nd prize - $2,000 in store credit or a $1500 gift card 3rd prize - $1,000 in store credit or a $500 gift card The total value of the prize pool is $6,000AUD in store credit. The competition is available to AAD members and staff only. All AAD members must spend a minimum of $15,000 over the previous 12 months to enter and win. In the instance that an AAD Staff member wins, they will receive a gift card to half of the value mentioned above. Each prize is not exchangeable and cannot be taken as cash. AAD reserves the right at any time to verify the validity of entries and to disqualify any entrant who submits an entry that is not in accordance with this Competition.