Last year in 2012 GiftCard Rescue bought, sold and traded over $6.5 million from over 450 Retail Stores to choose from.
#Card rescue free#
Sharks or no Sharks, Kuadey pressed on with all the free publicity his business received from the Shark Tank Show as well as several other News Organizations that helped propel Gift Card Rescue to the top of this lucrative and very liquid market. Between the taping of Kwami making an impressive appearance on the show, and when it actually aired, many things in the valuation and the deal was never completed. What seemed like a fantastic deal for both Robert Herjevic and Kevin O’Leary buying half this company for only $200k was indeed too good to be true. Gift Card Rescue After Shark Tank Update: Magazines Top 500 Fastest Growing Companies in America for 2013. By all accounts the Gift card Rescue Business has risen to the top and one of the most popular on the entire Internet. The float between the two figures is the profit made on all gift cards bought and sold at the GiftCard Rescue Exchange.Īs you can imagine with billions of dollars in unused gift cards just lying around, the competition for this type of “cash business” has become extremely high.
Another person really wants to buy something from that same retailer who gladly buys that same gift card with at least a 10% discount resulting in instant savings. This company pays you 50-70% in cash which you would prefer anyway. Let’s say you received a Gift Card for Christmas that still carries a balance but you would prefer to have cash or another Gift Card from another retailer instead. The Giftcard Rescue Business model is quite simple and obviously profitable for all parties involved. In the end Kevin O’Leary and Robert Herjevic both invested a combined $200,000.00 for a 50% equity stake in the Gift card rescue Business. For every negative that came up, he instantly had a positive response that ultimately leads to an offer more than what Kuadey was seeking. He may have desperately needed an investment from the Sharks to take this business to the next level, but Kwami came well prepared and handled the negotiations like an old pro.
#Card rescue tv#
Kuadey was born in Ghana and moved to the United States to pursue his entrepreneurial dream, was struggling to get his new gift card exchange business off the ground when he decided to try out for this new Reality TV Show.
The Gift Card Rescue was featured on the 4th episode ever of this now Famous Business Reality TV Show when Kwami Kuadey came into the Shark Tank seeking $150k for a 30% equity stake in the Gift Card Trading Business. Considering the Holidays are just around the corner and the Gift Card Business has mushroomed into a multi-billion dollar industry, I thought it would be interesting to see how far the Giftcard Rescue Business has come since appearing on the Shark Tank now over 4 years ago.
While I was doing a little research on YouTube I ran across a clip of a Shark Tank product from Season One I’ve been meaning to update for some time.
#Card rescue update#
Gift Card Exchange Site – Season 1 Update
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