Revenue
$22.387 billion (2017)
Employees
238,000 (2016)
Founded
1971
Cross Selling
How they do it: In a Starbucks, customers may find a selection of conventional food and beverage options (e.g. coffee, pastries). Starbucks cross-sells a host of other products via its stores: For instance, coffee mugs or other merchandise.
Customer Loyalty
How they do it: Starbucks Rewards is often regarded as one of the best retail loyalty programs in existence. Every $1 spent in a Starbucks will credit 2 ”Stars” to a member’s account, which the users subsequently are able to redeem for free food or beverages.
Direct Selling
How they do it: Starbucks does not offer and franchising opportunities and only operates its own stores. Via its retail locations, it sells directly to customers, resulting in higher margins for the company.
Experience Selling
How they do it: Starbucks’ thousands of stores worldwide provide a range of food and beverages, including coffee, pastries, snacks, teas, sandwiches and pre-packaged food items. In addition, Starbucks offers a range of features, products and services that together make for the unique Starbucks experience (e.g. WiFi, relaxing music, a cozy atmosphere and comfortable furniture).
Learn from this company and apply the same patterns to create your own successful business model!