Groupon Allowing Web Design???

11 years ago

Be careful with Groupon, I have seen a few companies fall due to it. Remember that whatever the groupon price will be, you will get 1/2 of it.

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vndnbrgj 11 years ago

Originally Posted by toogood512

Be careful with Groupon, I have seen a few companies fall due to it. Remember that whatever the groupon price will be, you will get 1/2 of it.

Thank you for your reply... but I am well aware of how their pricing model works.

The thing is, they use to not allow web design. Only brick and motar types.
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TheCG

11 years ago

0 have bought so far?

Hmmm.....

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300SMG

11 years ago

Don't pay someone to give your services/products away. worst business plan you can imagine. Not only do you sell the service at 50% of normal cost but you also pay Groupon whatever % you agree usually another 50/50 split. So in reality you're doing 100% of the work and receiving 25% of its worth.

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shockwave 11 years ago

I'm wondering if just jacking up your price 4-5 times would work? LOL! After the "big discount" and Groupon's cut, you're right back at your normal retail price.

I'm willing to be we all have a "get your foot in the door" service that we can discount and still make decent money on. I'm also wondering if Groupon would give some added credibility? Think about it, I bet all the business owners putting deals out on Groupon are actually subscribed to it themselves.

...but then again, I'm just thinking out loud here and who knows if they would even allow it in the first place.
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NewParadigm

11 years ago

groupons "list" cut is 50%. They have competition. They will cut their take down to 20%. I have friends who have that rate. Negotiate people!!!

Even if you have to do the 50% a couple times, do it for one "loss leader" service and upgrade the client into other services at full price.

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henry Argueta 11 years ago

Groupon only takes 10% of every sale not 50% or at least thats how it was back 1 year ago when i managed a restaurant, the only thing is that you have to give a huge discount and make a inresistable offer somthat customers can buy
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- dnjoseph1 11 years ago
  
  Haha.
  
  So there was a WSO about 8 months ago on this. His strategy was to offer your internet marketing services as a daily deal. I only know because I purchased it .
  
  Some points to take away:
  
  1. Daily deal sites are HURTING right now - they have even resorted to selling online products (some are really not that impressive to begin with)
  2. If they are approached with a high dollar item and a high perceived value, they'll be more open to running the deal.
  3. This market is saturated and they're trying their best to maintain revenue
  
  I did do a daily deal for my business after I read the WSO. However it didn't go anywhere near as planned. Why would it right? Groupon rejected me. Living Social rejected me. Several rejected me. I found one specially local to my area and they were even hesitant, but they ran it. In 7 days, I got no sales. Waste of time. I wouldn't recommend this method to anyone.
  
  This groupon will finish at zero sales.
  
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massiveray

11 years ago

This is awesome news, the fact that groupon is letting websites in means that the door is open to other avenues, Internet marketing courses, seminars etc.

I'd be happy to do these things for 10% and give groupon 90% considering the conversion rate and upswell potential of these things.

Also being that websites are only an intro service to most full service agencies, I'm pretty certain we can make a fortune from this, the only problem is that there is a good chance the market will be flooded and become saturated very very quickly.

Still I see it as good news.

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Rearden

11 years ago

Groupon -- an example of a desperate, floundering company grasping at straws with their broken business model.

All one has to do is simply take a look at their stock price over the past year.

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massiveray

11 years ago

Originally Posted by Rearden

Groupon -- an example of a desperate, floundering company grasping at straws with their broken business model.

All one has to do is simply take a look at their stock price over the past year.

Haha by your stock price logic then Manchester United and Facebook are also flawed business models.

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Rearden

11 years ago

Originally Posted by massiveray

Haha by your stock price logic then Manchester United and Facebook are also flawed business models.

They are. That's why no body's buying.

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massiveray

11 years ago

Originally Posted by Rearden

They are. That's why no body's buying.

You serious?

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Rearden

11 years ago

Originally Posted by massiveray

You serious?

Pull up a stock chart and take a look on the longer-term chart.

Prices drop because there is more supply than demand.

IE -- More people are selling than buying.

Which means less people want to hold GRPN or FCBK for whatever reason.

And most people sell stock because they don't believe the company will perform.

Make sense?

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massiveray

11 years ago

Originally Posted by Rearden

Pull up a stock chart and take a look on the longer-term chart.

Prices drop because there is more supply than demand.

IE -- More people are selling than buying.

Which means less people want to hold GRPN or FCBK for whatever reason.

And most people sell stock because they don't believe the company will perform.

Make sense?

Not really I know very little about stocks etc, I thought that the whole thing with Facebook and Man United stock prices going down was that they had floated a load of new shares, which diluted the value and that nobody bought?

I figured it was something to do with the economy and people not wanting to spend money, didn't realise it was a lack of confidence in their business model.

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SJJPFTW

11 years ago

I see no way this can be good for business. Selling yourself cheap only to be overloaded with work from clients who want a full price effort.

Might work for some but if I have to put in 100% effort I want 100% reward

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vndnbrgj

11 years ago

I didn't know they were allowing I'M services now....

Maybe they won't be again after this one flops.
But, if they do, I have a perfect lead in....

The trick is to use it as a door opener.
Something with low cost, high margins, and could be widely used.

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ProAffiliate01

11 years ago

Groupon would be a good way to get some promotion for less cost. The money made could be considered a rebate on ad costs. It shouldn't be the only avenue of attempting to make a profit, though.

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Groupon Allowing Web Design???

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