Kevin Whitsitt
5 Hidden Things with Using Groupon for a Business!
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:04:58
- More information
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Synopsis
Click on the link below for more.. https://www.trustthelink.com/5-reasons-businesses-do-not-like-groupon-much-better-way/ Hey wutz going on. Everyone wants a deal so a coupon site such as Groupon could be the best thing ever. There are some hidden things that you may not know, that I wanted to share. Reason 1 - The service is VERY expensive. When you look at the website it seems there is NO upfront cost and its pay-as-you-go, it seems great right? The truth is they take 50% of your revenue as fees, to begin with, and that doesn't even include the discount you are giving to the consumer. Some more bad news is Groupon requires that a business discount its services by at least 50% and sometimes more. With a $100 product, you would get "at most" $25 and at worst $5. Reason 2 -There is a risk that new users would get a discount and the loyal customers that have been supporting you pay a higher price. It just seems wrong, and maybe a small discount wouldn't be bad, but a large one is al