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In addition, some info about discount vouchers and the like that you might be interested in, As an aside, from some personal research, Groupon sells “vouchers codes” to punters, thus Groupon gets the money upfront.
When the trader/deal provider supplies the service to the punter using the voucher, Groupon (eventually!) releases the money (or rather some of it, after deducting their ludicrously high share!) If a punter doesn’t redeem the voucher, Groupon pockets the money themselves. Making money with Groupon is like trying to bankrupt a casino like this Fantastic Very discount code that people use.
The biggest problems I see with folks using Groupon and like sites is that businesses cut their own margins to the bone and beyond before they get started. Would most of these business offer walk-ins the same deal? Probably not because they’d lose money on it sort of similar to a Laura ashley furniture discount code Yet they groupon it, add scale and it becomes a disaster.
A local gift/coffee shop I frequent offered two for one high teas on groupon. Unfortunately for them…they sold 800 of them at a loss. I asked them why they did that…they thought they’d only sell 50 or 60. Again I asked why they did that? If you can’t make profit selling one unit…selling more of them ain’t gonna solve great miss selfridge discount code it.It just doesn’t make sense.