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Why Starbucks Operates Like a Bank ? #starbucks #starbuckscoffee #business #businessmodel #bank
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Starbucks Operates Like a Bank. Is Starbucks Actually a Bank?
Here are some behaviors that might make you think that Starbucks operates like a bank.
1. The Starbucks Rewards program is a great way for Starbucks to lock in customers and get them to spend more money. Just like how banks also lock in customers with good offers and cashback.
2. When you buy a Starbucks gift card, you essentially give Starbucks an interest-free loan. Starbucks can then use this money to invest in its business or to expand, just like a bank would.
3. Starbucks collects customer data on purchases and spending habits, giving you personalized offers similar to how Banks also leverage your financial data to help you serve better.
This suggest that Starbucks is secretly a massive bank in terms of it's operation and Business model.
#starbucks #starbuckscoffee #businessmodel #bank
Here are some behaviors that might make you think that Starbucks operates like a bank.
1. The Starbucks Rewards program is a great way for Starbucks to lock in customers and get them to spend more money. Just like how banks also lock in customers with good offers and cashback.
2. When you buy a Starbucks gift card, you essentially give Starbucks an interest-free loan. Starbucks can then use this money to invest in its business or to expand, just like a bank would.
3. Starbucks collects customer data on purchases and spending habits, giving you personalized offers similar to how Banks also leverage your financial data to help you serve better.
This suggest that Starbucks is secretly a massive bank in terms of it's operation and Business model.
#starbucks #starbuckscoffee #businessmodel #bank