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Industry News On Coupon Companies Groundbreaking Success .
Industry News On Coupon Companies Groundbreaking Success See how well coupon companies are doing, learn about Groupon's amazing success and why you should take advantage of this hot opportunity. Forbes has stated that "It's the fastest growing business model ever."
This business model has a brilliantly simple, fail safe business strategy. You're customers eagerly spread the word about your offers because in doing so they get even deeper discounts. Then, by bringing these massive number of customers to your merchants, this unique business becomes a win win situation for everyone. We can build you own daily deal website with best daily deal script and coupon website script.
See the business in action.
Andrew Mason, founder of Groupon, is transforming the way companies win their sales, especially smaller establishments with restrictive advertising budgets.
Andrew Mason, founder of Groupon, is transforming the way companies win their sales, especially smaller establishments with restrictive advertising budgets. For example, in May of 2010, Groupon sold over 6500 tickets to the King Tut exhibit being held in NY's Times Square. At $18 a ticket, just over half the regular price, the sales campaign earned $120 000 at nearly no expense to the exhibit and Groupon walked away with 50%for their efforts. With one of their hottest items, the $25 Chicago architectural boat tour ticket available for only $12, Groupon had over 19 000 tickets sold in just one, eight hour period back in May. The resulting $238 000 from sales were split with the tour owner.
A global multi-billion dollar industry.
It's been determined that through an initial public offering this online coupon company would be worth up to $25 billion.
It's been determined that through an initial public offering this online coupon company would be worth up to $25 billion. Should Groupon's startup IPO take place this year it's unlikely that it's estimated value will be less than $15 billion. And Groupon keeps growing in popularity and expanding into new territory. Now the leader in online daily discounts, Groupon has flooded into hundreds of cities and doubled it's subscribers in the following months after it turned down Google's 6 billion bid. Now Groupon has over 70 million customers in 88 US cities and 22 countries and sells in more than 500 different markets, an increase from the 300 markets it was selling to when Google offered it's bid.Google is now looking into putting this business model to work for themselves.
Additional attraction from celebrity endorsement.
Groupon was hit with more visitors than it's site was able to handle.
Back in November of 2010, when Oprah mentioned Groupon sponsored Kiva cards in her favorite things list, Groupon was hit with more visitors than it's site was able to handle.
Fastest growing technology stalwarts.
No technology pioneer, whether referring to Amazon, Ebay, Yahoo, AOL and Google, skyrocketed to success
as quickly as Groupon.
as quickly as Groupon.
No technology pioneer, whether referring to Amazon, Ebay, Yahoo, AOL and Google, skyrocketed to success as quickly as Groupon. In just 17 months from it's start date, Groupon was already worth 1.35 billion dollars after raising $135 million in investments. The only other company to reach even just 1 billion dollars in a faster time frame, was YouTube and it's still waiting to make a profit. Groupon was earning its profits just 7 months after they opened their doors. Amazon is another great example of how coupon companies can rake in profits with their earnings of over 110 million dollars through Woot! Cnn Money has stated that "this model is changing the way we shop - and raising tones of venture capital."
Competetion for this lucrative opportunity.
Competing coupon companies are now opening their doors to get a piece of the action.
Competing coupon companies are now opening their doors to get a piece of the action so you want to get your share of the market while it's still in it's massivegrowing stages. The time is now to jump in and join the excitement and start earning your share of the profits with your own online coupon business from DailyDealSoftware.com.
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