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Megan Simpson Brooke Davenport Tatiana Barbaran David Adams. What is Groupon ?. Groupon is a deal-of-the-day website that is localized to major markets in the United States and Canada. One of the most popular internet website since Facebook Total dollars saved $1,501,246,094
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Megan Simpson Brooke Davenport Tatiana Barbaran David Adams
What is Groupon? • Groupon is a deal-of-the-day website that is localized to major markets in the United States and Canada. • One of the most popular internet website since Facebook • Total dollars saved • $1,501,246,094 • Total Groupons bought • 36,100,954
How Does it Work? • 50 to 90% off savings on every deal • Must have a certain number of people before the deal is on! • Can be used on Computer or Phones
Tells the price & the discount you are getting!! And the time left to buy the deal How many people have bought it & if it is on!! Tells you about the product
Pro Impacts • Every Groupon is gauranteed • Reduces risk– for consumers trying new places • Drives new bussiness into stores
Negative Impacts • They do have expiration dates • Some limit to only specific locations • May only limit to specific times
What’s next for Groupon • Unlike its predecessor, Groupon 1.0, which allowed users to mark a deal they like to use for later, the new version will benefit merchants by allowing them to create time-specific deals to better manage supply and service. • Time sensitive
References • Small Bussiness Marketing News http://www.gaebler.com/News/Small-Business-Marketing/Groupon-introduces-new-time-sensitive-mobile-app-800469505.htm • Groupon.com • Youtube.com/groupon • GrouponWorks for Businesses http://www.grouponworks.com/why-groupon/demographics