Groupon

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

Groupon, Adwords and Google

Google offered to buy Groupon for $6 billion which was turned down. Adwords belongs to Google and Groupon heavily uses this to advertise their services locally. Hypothetically, if Groupon won't accept Google's offer, Google could turn around and say, "fine, no more advertising your business on our adwords platform." Followed up by their famous Google Ban cut and paste email summarised as "We have the right to not accept advertising based on our discretion. Our privcy policy allows us to not disclose why." That's Google telling Groupon, "Don't [...]

By |2011-01-18T05:03:39+00:00January 18th, 2011|Groupon|0 Comments