Monthly Archives: February 2011

Bulk Buy Sites, Groupon, FanTong.com, Beeconomics, Living Social, Big Deal, and the 100s more I haven’t mentioned

When in northern china, I was on a train when I learnt about FanTong.com. This was a bulk buy site that did pretty well featuring daily deals for meals. How they got the business off the ground was to have 20 employees line in front of each of the restaurants, then enter to speak with the manager about offering 50% discount if enough customers were introduced. The site has done very well. Some of these Chinese groupon clones have made their owners over night millionaires. Cool :) I [...]

By |2011-02-03T20:55:31+00:00February 3rd, 2011|Groupon|0 Comments