The Payback book was founded in 2001 on a simple two part philosophy:
- To help local schools raise (much needed) money – with an easy and profitable fundraiser.
- To offer area merchants a LOCAL, “neighborhood marketing” strategy – one that also helps in their goal of supporting their community.
However, unlike other coupon books – Payback was designed specifically for the Bend, OR area!
Paybacks founder, Ted Shamp, spent 12 years with Entertainment Publications, (publishers of the Entertainment and Gold C coupon books) most recently as Regional Manager – Fundraising Division for Oregon/Idaho/Hawaii.
Upon leaving his position with Entertainment, Ted saw the need for a Boulder County area discount book…..one that allowed families to save money at HOME – not after driving other major cities in Colorado.
It was also decided that Payback would give a generous 50% profit ($10 of the $20 purchase price) for every Payback book that a school sells….an unheard of concept in coupon book fundraising (other similar books start at a mere 20% profit).
It was this willingness to develop a true “50/50 partnership” with the local schools - while generating new customers for area merchants - that led to the success of the Payback book – and its place today as the favorite choice for Boulder County area families looking for new businesses to visit - and new ways to save money!