Combine the best parts of a social network and couponing, and you’ve got Groupon. Becaue of the great deals offered along with the social networking aspect, individuals are able to save money. There is a sister site in Europe while 40 cities participate within the US. You will find numerous other ways besides Groupon to get in a group and conserve money. Article resource – Groupon- The secrets of social saving by Personal Money Store.
Groupon basics
A “groupon” deal means you are getting a bulk discount. If a certain number of individuals sign up for the deal of the day, then every person gets the discount. If there aren’t enough people who want it, then nobody gets it. This is treated like a group discount most of the time. The product of the day has to be something every person on Groupon wants.
Groupon availability
Groupon is in 40 US “markets”. In Europe, MyCityDeal is the “sister” deal to Groupon that works the exact very same. Over the next few years, MyCityDeal is going to be entirely merged with Groupon.
Not in a Groupon city?
Groupon is a great service that can help you discover many great deals. Even if a Groupon city is too far away for you, there are other deals available. In other cities, you will find other things like Groupon. If you do not live in a major urban center, deals from Groupon or other sites don’t prove very useful. Google “group coupon” and a city to check if it is with your city. Your friends might already be a part of one so talking to them may help.
Starting Groupon yourself
If you want to create your own Groupon situation, then it could be done. Groupon operates on a simple principle — group discounts. Discounts could be found by simply making a phone call to a vendor. Get a count of how many people you need and find the people. Find any friends you have who may be interested and their friends also. Once you’ve hit the threshold, buy away!
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