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Can we talk about that coffee shop in Portland that uses gift card profits for employee healthcare
I overheard the owner at a workshop in Seattle explain how they put 5% of every gift card sold into a health fund, and now I'm doing the same for my side hustle team of 3 people - has anyone else tried this model?
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emery8792h ago
Jade738 really changed my mind on the free money angle here.
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jade7382h ago
Here's the problem nobody's talking about. Gift cards are basically free money for most businesses because a good chunk never get redeemed. So taking 5% from that and calling it healthcare funding is a nice story but it's not actually costing the business anything real. If you're a side hustle with 3 people, you better be tracking how many cards actually get used versus how many people are sitting on them not spending. Because if your redemption rate is high, that 5% might not even cover one doctor visit.
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