Groupon is a brilliant concept. It’s not unique but it’s very popular and I’ve recently become a fan and a customer.
Groupon exists in many cites, including London, and here’s how the website works. Every day they offer a discount on goods or services provided by a local merchant. For example, the one that grabbed me was $15 for $30 worth of food at Aroma Restaurant. We’ve never been to Aroma but we’ve heard good things about its Mediterranean fare so getting a bit of a discount is a nice way to try it out. And because it was my first Groupon purchase, I got to take $10 off. So I’m really getting $30 in food for 5 bucks.
A certain number of customers must take advantage of the group discount in order for it to be valid. It’s a different number for every deal. My Aroma certificate “tipped”, as they call it, almost immediately. Since I joined they’ve offered bird seed and feeders, teeth whitening, theatre tickets and so on. It’s different every day.
If I had a retail store I’d be using Groupon to increase traffic. I get a kick out of seeing what’s available each day! A competing website (whose name escapes me) was recently on Dragon’s Den and its owners secured funding from a couple of the Dragons. It’s becoming a popular way to shop online. It doesn’t cost anything to look around unless you purchase the deal, of course. www.groupon.com
If you ever find yourself in Toronto, you can find some Groupon type opportunities at:
http://www.torontopath.com
… and no, I have no affiliation with the company, although I do know one of the owners.
Hi Allan, I looked at that site and it’s actually more of an advertising hub than a home for time-sensitive discounted deals. On Groupon, you can only see that day and week’s offerings and there are no full-page ads like on torontopath. It’s more narrow-focused, is my point! 🙂