Saturday, May 01, 2010

Groupon - Whats the big deal and why do I see it EVERYWHERE?!

Groupon is a FREE site designed to help you save with local deals. They share deals that can save you up to 90% at area restaurants, salons, activities and more!

Groupon is not only a great way to find deals in your neighborhood, but it can used to check for deals in a city you are traveling to on vacation or for business.

How Groupon Works: (and why it is suddenly EVERYWHERE!) The company offers one "Groupon" per day in each of the markets it serves. The Groupon works as an assurance contract using ThePoint's platform: if a certain number of people sign up for the offer, then the deal becomes available to all; if the predetermined minimum is not met, no one gets the deal that day. This reduces risk for retailers, who can treat the coupons as quantity discounts as well as sales promotion tools. Groupon makes money by getting a cut of the deal from the retailers.

Sign up and receive daily email with coupon for savings at up to 90%.

Sign up with Groupon HERE

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