groupon page down
- Thread starter consigliere
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Groupon is pullin down a couple hundo MILLION (i think?) revenue per year doing coupon promotions. They have a large growing responsive list and do special promotions daily... working with companies who want in on the list that is. they shit money basically
prime example of affiliates thinking big.
prime example of affiliates thinking big.
Anyone seen how russians just copy pasted groupon's design and whole biz model and started instantly banking?
It was awesome
It was awesome
There are a few knock offs floating around various countries now, and more US based companies that are copying the business model if not the actual site design.
The Groupon program through Copeac is an email submit.
Also, Groupon incentivizes its own users with a $10 "refer a friend" program.
Living Social, the current #2 player in the US, appears to payout based on transactions. Unclear what the cut is, however. Daily Deal Affiliate Program for Blogs and Websites - LivingSocial
Potentially much more lucrative.
Also, Groupon incentivizes its own users with a $10 "refer a friend" program.
Living Social, the current #2 player in the US, appears to payout based on transactions. Unclear what the cut is, however. Daily Deal Affiliate Program for Blogs and Websites - LivingSocial
Potentially much more lucrative.
Report: Groupon Valued at $1.2 Billion
http://www.inc.com/news/articles/2010/04/groupon-reportedly-valued-at-more-than-$1-billion.html
http://www.inc.com/news/articles/2010/04/groupon-reportedly-valued-at-more-than-$1-billion.html
Has anyone in this space started competing on price yet?
Merchants are expected to offer a "deal" on their merchandise / services at 50% off. After that, the merchant gives Groupon 50% of the sale price.
So, for a sushi restaurant that regularly prices an item at $20, they are selling to customer for $10, and giving Groupon $5. I can see how this makes sense for businesses with extremely high margins (like sushi), but what about everyone else? Will merchants be willing to take a loss if there's no guarantee of a recurring customer?
Anyone have a sense for the gross margins at the type of businesses Groupon targets?
Merchants are expected to offer a "deal" on their merchandise / services at 50% off. After that, the merchant gives Groupon 50% of the sale price.
So, for a sushi restaurant that regularly prices an item at $20, they are selling to customer for $10, and giving Groupon $5. I can see how this makes sense for businesses with extremely high margins (like sushi), but what about everyone else? Will merchants be willing to take a loss if there's no guarantee of a recurring customer?
Anyone have a sense for the gross margins at the type of businesses Groupon targets?
if anyone wants to play their hand at local lead gen we have an offer for a site very similar to groupon BuyWithMe - Group Buying, Big Discounts from Local Businesses
man - i just heard of these guys earlier this year... had no idea they were that big!