Groupon

[markseven]

What are the chances that the person that founded Groupon was some guy on a forum that simply took the 'group buy' to a new level? It's the same thing only fancier. You may remember that Google offered him / them six billion

[NKRoberts]

I don't understand how they can't make a profit. They have never recorded a profit

[markseven]

I don't understand how they can't make a profit. They have never recorded a profit

I didn't know that. Yet Google wants them :drink:

[ZM Blue Devil]

its a great concept, GPS going to be offering on Groupon soon...

[Earendil]

I didn't know that. Yet Google wants them :drink:

The hardest part of business is getting you idea recognized and used. The mind-share of Groupon is alone worth millions.

[poopin04]

its a great concept, GPS going to be offering on Groupon soon...

It'll be the fastest sold out groupon ever

[LJ851]

My girl did a groupon for her business a little while back and it was unbelievable.

[AlarmedBread]

The good thing about groupon is not what you make from the site, but what you can do to promote your business. You can go from completely unknown to having a lot of word of mouth buzz overnight. Just make sure you have your shit together before you unleash hell upon yourself.

[5Toes]

Ya, I agree with OP. Likely it was Blunt or somebody

[Fusion]

They don't charge a percentage?
The groupon sites over here charge a flat rate of like 10% of the end price.

[LJ851]

Yes, they take a percentage.

[markseven]

IIRC it's much more than 10%. And I've heard thay only 2-3% return to purchase at a non-discounted rate.

Levent, is the GPS groupon going national or only in your neck of the woods?