This is very interesting to me! The blog linked below, made some intriguing comments about Groupons and Living Social-like Coupons. I have been interested in them personally as well as a possibility for our businesses, but wanted to do some research on them first. What I am finding is quite eye opening!
Here is a quote from his blog.
"What really got me angry yesterday, however, was an article I read online called “Groupon gripes: Are daily deals headed for disaster?.” In it, the author discusses the problems that Groupon causes for businesses. He admits that many businesses “don’t even break even.” Yet he finishes up the article by encouraging consumers to take advantage of Groupon deals:
Skeptical as I may be, the limited funds in my bank account make me a consumer first and an observer second. As companies line up to split prices in half and make them even easier for consumers to find, I’ll be there right alongside soaking up the deals. I did, after all, milk AllAdvantage for triple digits before the goons running the place depleted their venture capital and shuttered the place for good.In other words, if this ship’s going down, I’m raiding the buffet before hitting the lifeboats. Join me for an oyster?
Or: Fuck the businesses and the economy that they fuel. Suck up all the cheap deals you can while the businesses stupid enough to offer them are still around.
Not exactly the kind of insightful commentary I expect from a journalist.
And the Winner Is…
As one of my Twitter friends said:
“The only one who wins with Groupon is Groupon itself.”
I couldn’t agree more."
Read more by clicking here > http://www.aneclecticmind.com/2011/03/18/why-groupon-is-bad-for-business-and-consumers/
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