Business model Groupon by and large serves two markets which are; the consumers, who wishes to save gold, and the businesses who wants more market exposure. galore(postnominal) small businesses may not spend a penny the funds to bring in large or even small advertisement and they have limited ways to attract more customers. With Groupon, which have thousands of tidy sum checking out Groupon every day, small businesses may have a chance to get noticed. Furthermore, Groupon worked based on assurance contract. Groupon only continues its discount if a certain number of people support up for that offer. Once the discount reaches its target, the offer will be available to all but if the threshold is not met, the offer will not be available.
Therefore, this is a win-win situation because at that place no costs associated with being featured on Groupon; Groupon only make money by taking
6 a spot of each offer they sell. In other words, if the interest aim not met, the business doesnt risk losing any money at all. In short, Groupon is a savior for small businesses.
great market Groupon is not only present in US market but also available in the international market. Groupon had expanded its business to South American, Europe and also Asia. Groupon is one of the earliest deal-of the-day website to expand into the international market. Groupon had acquired some of the deal-of the-day website which provide quasi(prenominal) services to it and re-branded it under the Groupon name...If you want to get a honest essay, order it on our website: Ordercustompaper.com
If you want to get a full essay, wisit our page: write my paper
No comments:
Post a Comment