(for the TL;DR crowd, save yourself the trouble and hit the back button now)
So about a little less than a year ago there was a post about coupon sites and the general response was generally negative. Give it up, too hard:
http://www.wickedfire.com/affiliate-marketing/89827-building-deals-coupons-site.html
Anyway, the thread stuck with me for a while and I decided I wanted to take a stab at innovating in this space, I figured if I could execute the IM lemmings that don't know how to think independently wouldn't be able to touch me and if my spin on it worked I wouldn't have to fight it out in the SEO trenches with the big boys. Enter, socialdeal.net. SocialDeal.net does leverage coupons and it does leverage cash back incentives, nothing new yet. But I took it a step further and tied conversion tracking to social signals like Facebook Likes (tweets coming in the next week or two). I'm not worried about Google for my traffic, I'm targeting people's social graphs and the credibility that comes with those links.
The site has been live for a few weeks, there's about ~6500 coupons in the site so far, and we've gotten a few sales but we're still working on building the user base.
Do me a favor and rip it if you want, I already have an outsized expectation that it will make bank. I want to hear from the haters so I can prep for pitches when seeking funding. Thanks.
http://www.socialdeal.net
So about a little less than a year ago there was a post about coupon sites and the general response was generally negative. Give it up, too hard:
http://www.wickedfire.com/affiliate-marketing/89827-building-deals-coupons-site.html
I've on-and-off explored launching a coupon site (with a unique twist, since the market is so saturated, and tons of sites have locks on the best SEO for the most popular merchants), but my needs require a completely custom solution.
Agreed the coupon niche is incredibly saturated possibly the most saturated niche. Don't waste your time unless you like competing with sites like Coupon Mountain and Retailmenot. They rank for virtually all coupon related keywords.
Fact) Coupon sites make a lot of money.
Fact) Your coupon site will not make a lot of money.
It's too fucking saturated and fucking hard to keep the coupons up to date. If you had some actual good idea and maybe a snowballs chance in hell of implementing it you MAYBE could do something there but probably not.
your gonna have to come up with some kick ass out of the box spin on the whole coupons thing or you most likely wont get anywhere... those sites are too big, popular, and well known for someone to just pop up and start competing
I think it could be a very good longterm project if you are an experienced affiliate marketer and you have $100,000 to invest. This isn't the kind of project that you kind of decide it would be a good idea to do, or that you figure out as you go along.
Anyway, the thread stuck with me for a while and I decided I wanted to take a stab at innovating in this space, I figured if I could execute the IM lemmings that don't know how to think independently wouldn't be able to touch me and if my spin on it worked I wouldn't have to fight it out in the SEO trenches with the big boys. Enter, socialdeal.net. SocialDeal.net does leverage coupons and it does leverage cash back incentives, nothing new yet. But I took it a step further and tied conversion tracking to social signals like Facebook Likes (tweets coming in the next week or two). I'm not worried about Google for my traffic, I'm targeting people's social graphs and the credibility that comes with those links.
The site has been live for a few weeks, there's about ~6500 coupons in the site so far, and we've gotten a few sales but we're still working on building the user base.
Do me a favor and rip it if you want, I already have an outsized expectation that it will make bank. I want to hear from the haters so I can prep for pitches when seeking funding. Thanks.
http://www.socialdeal.net