Click me

Top 10 Benefits of Daily Deals and Online Coupon Business

Top 10 Benefits of Daily Deals and Online Coupon Business 1 Wide diversity of business opportunities. The daily deal industry is a huge business space where small local websites can peacefully co-exist with such multinational giants as Groupon and LivingSocial. There are many modifications of this business, e.g. group buying, deal of the day, flash sales. This model can be adapted to almost any business of any size. Daily deals is a powerful marketing tool that can't be ignored by businesses. Daily deals is an effective marketing channel with no upfront cost to merchants. With strategic pricing and good execution, daily deals represent a very attractive marketing option for businesses, that can't be ignored and will always be in demand. Daily deals and group buying are dynamic and fast growing businesses. The limited-time discount offers create a sense of urgency. It encourages users to share deals with acquaintances and to invite their friends to participate in group buying. As a result the daily deal companies can grow much faster than other types of businesses. Word of mouth naturally follows daily deals and amplifies their efficiency. 4 People love getting discounts and when they see a good saving offer they want to share this opportunity with their friends. This is a natural promotional mechanism inherent to daily deals and group buying schemes. Wide choice of e-commerce software solutions. A great selection of software applications and templates for building daily deal, group buying and coupon sites of all kinds makes this business available even to people without programming knowledge, Accessibility to businesses with low budget. 6. The daily deals market has a relatively low entry barrier and there are many ways to minimize initial investments. Ready-made software solutions allow create full-fledged deal websites quickly and at an affordable price. This makes deal and coupon business available for companies with limited budget. 7 Deal and coupon sites provide a good starting point for new businesses. Many small companies use daily deals and online coupons as a cheap advertising solution and an opportunity to break into market. Niche-specific deal websites help new businesses to establish contacts with their first customers and to get their products or services noticed. Daily deal and coupon sites get their well-deserved bonus for this. Group buying and deal business offers lots of space for creativity. 8 There is no exact formula for achieving success in this business, The more creativity and enthusiasm you put into your deals the more likely you are to get good results. By offering truly incredible deals you can distinguish your business from your competitors and impress your customers enough to keep them returning and referring others to your site. Consumer interest in saving money is never going to cease. Discount offers and coupons have been a popular bait for buyers long before the rise of Internet commerce and recent scientific studies revealed that receiving coupons increases the levels of oxytocin and makes shoppers happy. So, the methods of delivering coupons to consumers may evolve but they will always be in demand. Deal offers and coupons provide a positive experience for all involved parties. 10 A well planned deal promotion is beneficial for all involved sides. Merchants attract new customers and get cash inflows. Consumers purchase products or services with deep discounts and save a lot of money. Deal websites gets their bonus for publishing deal. Isn't it wonderful to run business which makes everyone happy!? Sources: e-commerce-business-model/ GetSocio Daily Deal Solutions groupon-clone-good-business-model-854078.html DAILY DEALS

Top 10 Benefits of Daily Deals and Online Coupon Business

shared by Getsocio on Oct 08
This infographic shows advantages of daily deals and digital coupon business.




Did you work on this visual? Claim credit!

Get a Quote

Embed Code

For hosted site:

Click the code to copy


Click the code to copy
Customize size