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Starbucks cards are a way to hack this. If you've got a limited budget and someone is putting in 5 hours of time for you and you give them $20, they might be u
by lionhearted 15y ago
Starbucks cards are a way to hack this.
If you've got a limited budget and someone is putting in 5 hours of time for you and you give them $20, they might be unhappy as mentioned in the article.
$20 Starbucks card? Sweet. Keeps it a social norm thing, even though it's almost a cash equivalent.
- JoachimSchipper 15y agoFrom http://www.mashmarketing.co.uk/blog/2010/02/12/friday-inspiration/ http://www.mashmarketing.co.uk/blog/2010/02/12/friday-inspir..., via an old HN post(?): "Get creative with compensation–use the iPhone Payment Plan. Imagine you’re a highly-trained software engineer. A crazy guy with a “startup” (i.e. me) approaches you about doing some work. Scenario #1: Dude, I’ll pay you $2,000 for 150 hours of work…3-4 months from now. Scenario #2: Dude, promise to build this and I’ll give you an iPhone right now [and] pay your phone bill. [...] We tried both approaches [...] and [...] Scenario #2 [...] actually worked out a lot better. There’s something about the psychology of receiving a cool gadget that doesn’t quite equal out to the cash equivalent. Also, paying up for the iPhone upfront fosters trust, which in turn boosts productivity."
- chopsueyar 15y agoPlus, not having to directly deal with Verizon or AT&T is an added benefit.