Can Cashback Rewards Save Ecommerce from Discount Addiction? episode artwork

EPISODE · Dec 27, 2022 · 38 MIN

Can Cashback Rewards Save Ecommerce from Discount Addiction?

from The Unofficial Shopify Podcast · host Kurt Elster

Here's how I shop from a new brand. I see an ad on Facebook, I click through, if the site is on Shopify and looks legit, maybe I'll buy. When I do buy, I'm going to wait until I'm on my desktop so that I can use a browser extension to painlessly check for coupon codes and apply the best one. Every single time. The bigger the discount, the bigger the dopamine hit, the more likely I am to buy. That's the truth.I can only do this because I know brands are just as addicted to coupon codes as Iam.We're joined by Oren Charnoff, Cofounder and CEO, at Fondue based in Tel Aviv.Fondue just raised $11m to replace every coupon code with CashBack.Prior to cofounding Fondue, Oren was on the founding team at Hanaco Ventures, a now $1.5B VC fund based in TLV and NY.Oren is a long time listener, first time caller into the podcast!Show LinksGetFondue - Let them know you heard about it on the podcast.Honey - Automatic coupon codes via a browser extensionLoop Returns - "Loop helps Shopify's best brands optimize return costs, retain more revenue, and prevent return losses."Negative Underwear - "Negative is underwear that fits your life - effortless bras, underwear, thongs and loungewear."SponsorsFree 30-day trial of Zipify OCU - To get an unadvertised gift, email [email protected] and ask for the "Tech Nasty Bonus".Back up your store with RewindTry Bold Product Upsell, free trialPrivy: The Fastest Way To Grow Sales With Email & SMSNever miss an episodeSubscribe wherever you get your podcastsJoin Kurt's newsletterHelp the showAsk a question in The Unofficial Shopify Podcast Facebook GroupLeave a reviewSubscribe wherever you get your podcastsWhat's Kurt up to?See our recent work at EthercycleSubscribe to our YouTube ChannelApply to work with Kurt to grow your store.

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