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Just wondering if there are good deals to be found on Groupon or other websites for Boston? Things like restaurants, museums, tours, etc. Or is Groupon not really big in the area? Other places to watch out for great deals in advance?
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Then there’s the company’s business model: selling discount vouchers to restaurants, spas, paintball parties, etc. But the Chicago-based firm is “the fastest growing company in web history,” according to Forbes , and may file for an initial public offering by the end of , according to the New York Times.
And Groupon has found a way to feature small businesses that haven’t traditionally advertised online. But for retailers offering the deals through Groupon, does the publicity compensate for the deep hit to profit margins? A new working paper, To Groupon or Not to Groupon: The Profitability of Deep Discounts , sets out to help small businesses decide whether offering large discount vouchers is a profitable decision.
Carmen Nobel: How can a discount voucher service like Groupon benefit retailers? Ben Edelman: Our paper looks at two distinct benefits a discount voucher service can offer. First, discount vouchers can provide price discrimination, letting merchants reach customers who value the merchant less than the merchant’s ordinary customers do.
For instance, some customers are willing to pay full price for a given restaurant—great! The restaurant would like to keep charging those customers full price, while charging a lower price to new customers who aren’t willing to pay as much but who are still willing to pay something above the restaurant’s costs.
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(The fast-growing company still racked up a net loss of $ million in a great deal of operating flexibility, dating back to Groupon’s founding.
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Boston’s Dreamland Wax Museum
Just wondering if there are good deals to be found on Groupon or other websites for Boston? Things like restaurants, museums, tours, etc. Or is Groupon not really big in the area? Other places to watch out for great deals in advance? Beagle- I use Restaurant.
g_updateFormDigestPageLoaded = new Date(); window. But for retailers offering the deals through Groupon, does the Too many other big fish in the coupon/voucher/marketing world can get up to speed fast and kill margins. sent as a featured deal to targeted subscribers in the Greater Boston area.
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