OK...I fell into a trap..took there phone call, at the time is was an honor...Or so I thought. I took there terms, sold thousands, and year and half latter. Well, my business is fine, but will never run a Groupon again.
What deal I got..$40 item, sold for $20. I recieved $10 dollars minus 2.5 credit card fees. That was paid in 3 installments.
If you want to make my mistakes at least.................
DO NOT PAY 50%, there average gross is only 39.7, so only idiots are paying 50%. Livingsocial.com only tries to get 40% and they do not charge customer, which you are, any fees.
But...Let me tell you the truth...
95% of customers are fine, but you will never see them again. They are off for next business dumm enough to offer groupon. They are not your customer, they are groupons. The other 5%, oh you will have fun with them. They want change back, are never happy, change terms, buy more than allowed, use them twice. Yes twice, maybe your business can check them, but I got the same certificate used in 3% of total. So from customers perspective, if they use half off coupon twice, its like getting an added bonus. These 5% will make you stomach curl. They will annoy you, they will never be happy.
If you can afford 25% of your product or service, and give up that other 75% and view it as marketing, go for it. But the truth is you just gave groupon and customer some CHARITY, because you won't see the customer again, and you like me, won't be taking Groupons calls.
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