Re: Groupon question – do you guys think I got a fair deal or a lousy deal?

#808290

WSB
Keymaster

Just a note from a small-business standpoint:

Groupons and other daily deals are a TERRIBLE deal for the restaurauteur/businessperson and while the daily-deals business has tanked in a big way as a result (a few years ago it was such a sizzling craze that even publications like ours were told that if we didn’t move all our advertising to daily deals we’d be doomed, we chose to risk that possibility and stay clear of being part of such transactions!), I’m honestly surprised it’s still around at all. And that restaurants and other businesses are still thinking it’s a viable way to market. They should certainly live up to the terms under which you purchased them, and if they didn’t, you should absolutely fight to get it made right, but if you’re looking for context… just thought I’d throw that in.

In their heyday, businesses got addicted to them as sort of a payday loan – they’d get some cash up front, but then later the customers would show up expecting to get what they were promised, and the establishments would have long since run out of the meager advance compensation.

TR