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| Groupon Review: What is Groupon Exactly? Posted: 09 Feb 2011 05:38 PM PST
What is Groupon? Much like what their slogan says, “collective buying power” and by the way the website sounds, Groupon is essentially a coupon/discount site that offers exclusive deals. That is, only if a certain demand is reached through the power of collective buying. A classic example would be, Macy is offering a 25% discount on a particular item. That is only if 2,000 people promises to purchase that item. That is the concept Groupon adopts in their business model. The only discrepancy that makes Groupon unique from any other coupon site is that in order to participate in these opportunities, you need to enter your email. You can say that everything is done over email. In other words, you will be receiving notifications of exclusive opportunities if you decide to participate through your inbox. Essentially, Groupon is a deal-of-the-day type website, where it sends out one major deal out everyday for everyone to participate in. Groupon is most known for creating great business relationships with local businesses and at the same time, reward the masses with unbeatable prices from some of the most prominent brands all over the world. Groupon serves more than 150 markets in North America and 100 markets in Europe, Asia and South America and has amassed 35 million registered users. How to get the most out of Groupon As the consumer taking advantage of the exclusive deals Groupon has to offer, it is your responsibility to act fast for promotions you like because there are generally a cap to how many users can redeem the same particular deal. If you find a promotion that seems interesting and you know may be beneficial to you, I’d recommend acting fast. Otherwise, don’t let these bargains get way into your head that it causes you to become irrational. The key to using Groupon effectively and just about any other coupon site in general is determining what you need and what you don’t need. As simple as it seems, that is the main obstacle behind these coupon sites. If you are able to control your emotions and still be a rational thinker, subscribing to Groupon may prove to be a smart move as a bargain hunter. Click here to begin receiving exclusive deals from the most prominent brands all over the world for free. Groupon Review: What is Groupon Exactly? is a post from: Moola Days
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