Groupon ranks among the largest social, mobile, global e-commerce companies and is revolutionizing the way merchants market products and services. Groupon customers find incredible deals at up to 50% savings. What began as a daily deal coupon sent to your email has evolved into a powerful marketing machine. Praised for their cutting edge innovations, the company continues to grow with the goal of world e-commerce dominance.…
Sales incentives include coupons, points of sale discounts, mail-in rebates, free products and services, loyalty programs, etc.…
Local businesses participating in Groupon’s offerings have a dual benefit. On the one side, they can get a guarantee demand for their products, getting rid of excess capacity, and attaining economies of scale. Second, and perhaps more important, Groupon’s offerings create Word-of-Mouth and buzz for new products and services, helping them reach the “tipping…
Discounts and Loyalty Programs are perfect ways to keep customers satisfied and interested in new products. A discount depending on the size of the discount can grab the attention of new customers and continue to entice existing customers. Discounts are great because the customer and the business are getting attention. The customer is getting a new product for a fraction of its original cost and the business is getting word-of-mouth advertising from consumers who feel the product is great. Not only is the product great but it looks a lot better with a discount.…
Groupon presents a unique opportunity for businesses interested in selling their services or goods online through a extremely popular site. Groupon allows non-tech savvy businesses to turn to e-business processes to make money for everyone and saving its customers money in return through word of mouth recommendations and repeat business. Groupon handles the SCM through is website, doing most of the work for the business. It is as if Groupon is the storefront where a customer purchases a service or product. Groupon then issues a voucher or coupon for the customer to redeem at the business site or online store. The business is paid based on how many vouchers or coupons Groupon sold minus the fees that Groupon keeps. The business keeps track of its sales for its SCM processes to meet the demand and deliver its services or products to its customers. Through a new e-business concept businesses have increased their revenue while Groupon…
The only way for Groupon to succeed in sustained merchant growth in the long term is to separate itself from the competition by being able to innovate. There is some opportunity for customer retention by teaming up with large supermarket corporations through the use of loyalty cards. (Conlin, 2011) This is an effective strategy as they do actually have big marketing budgets that they might be looking to minimize by giving out coupons.…
Merchants do not have to pay an upfront fee for Groupon’s services, so there is virtually no risk. This is attractive for small business owners since they may not have the means to pay for advertising, knowing they only have to pay Groupon once they start making money themselves. Also, Groupon customers typically spend more than the value of the deal and 91% return or plan to return to the business, so merchants are essentially guaranteed more clients and higher retention rates. Groupon’s merchant satisfaction rating is about 79% - 15 percent higher than the average business-to-business (B2B) merchant satisfaction score (all of these factors make Groupon the most attractive choice for the purpose of risk free marketing)…
Groupon is a website is a deal of the day website that features discounted gift certificates usable at local or national companies This method is highly effective as a lot of big business use this method and have had huge success. This method has a lot of advantages here are some of them. Firstly it attracts a lot of consumers. You can reach new customers by appealing to those who are looking for inexpensive deals and a chance to save money. Groupon promotions offer the most assistance for businesses in which the promotion does not cannibalize sales to current customers. Secondly, you don’t have to travel anywhere. This method is travel free which means you save money on petrol. Although there are some advantages there are some disadvantages. The first one is that there could be better deals out there. You can run a similar promotion for less money. There are plenty of marketing programs you can use; such as Facebook. For example, you can offer a discount or promotion on a Facebook page. It's an effective way to engage new and existing customers at a very low…
Groupon takes advantage of economies of scale to provide its customers with daily good deals. When the deals have obtained a certain quantity of buyers, the buyers will get the discount on the deals. The customers are willing to pay for the discounted products. Groupon gets commissions from the product and service providers. The providers are able to promote their products and gain benefits from the large quantity of orders. It is a model that can satisfy all the people: the customers, product sellers and the Groupon company. However, this business model is easy to imitate. It does not required high technology or unique skills to set up the business. Many internet companies, such as Google and Amazon, have stepped in this market. They have established similar business services.…
“The force to change exerted on any particular part of the group is also a direct function of the discrepancies in state between this part and all other parts of the group” (Festinger & Thibaut, n.d.).…
Groupthink is a practice of making decisions within a group that values unity rather than accuracy and discourages personal responsibility. In other words, groupthink is agreeing with a group out loud, although you may not agree with the group inside your mind. There are eight different symptoms that are involved with groupthink. The symptoms include the illusion of invulnerability, rationalization, inherent morality, stereotyped views, direct pressure, self-censorship, the illusion of unanimity, and mind guards, Groupthink has benefits, but it also has downsides.…
Interest groups are “…group[s], however loosely or tightly organized, that is determined to encourage or prevent changes in public policy without trying to be elected.” “American society is pluralistic, consisting of many different interest groups that compete for and share in political power.” In many ways, interest groups help I stimulating people’s interest in political affairs. Political parties and news organizations are interest groups but they are a different kind of interest groups.…
Independence is most important to people who seek being alone and doing everything on their own. Most people do not appreciate the help the help of others. Working in groups may be helpful but not always the right choice. People have problems learning, get distracted more easily, and they only get one overall grade that is shared throughout the group.…
Some of the strengths and benefits of family group conferencing is that it avoids criminal proceedings and criminal justice processes, aids in family strengthening, utilizes diversion and provides resources to distraught parents of misbehaved children, it encourages keeping children in the community (contributes to sense of belonging) and sibling witnessing aids in prevention (MacRae, 2004). Although it focuses greatly on the victim’s needs it places priority on the victim’s needs which could include financial retribution and it aids in giving the victim a voice (MacRae, 2004).…
Interest groups have been and are still an essential part of American politics. Without them we wouldn’t have had many of the improvements that Americans have seen in quality of life, work, and pay. Although these groups are sometimes difficult to understand, in whom they benefit or what their interests really represent. An interest group, also known as a pressure group, “is a collection of people who share certain views on public matters and work to shape public policy to their benefit” (McClenaghan 242).…