Quote:
Originally Posted by KRosh
My sister used Groupon on her brick and mortar business and generated 2000+ sales.
They want 50% of the money, but negotiated 40% of the sale price. They usually pay you over a longer time but also negotiated to be paid out 90% of the money within 30days.
You can set up the terms and conditions. One of the conditions made in this deal was that anyone purchasing the offer had to be a "New" customer. If they were already in the database then they would have to be refunded by Groupon.
Bottom line, they gained 2000+ new clients, of which Groupon says about 20% will NEVER use the coupon offer before it expires, and they have been able to upsell almost every one of the new clients that have come in.
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Great example of how it can be a win-win for both the business and the consumer. I've been hearing more and more about Groupon starting to be more flexible like your example. With their competitors growing fast and some instances offering the businesses a greater cut than Groupon, I figured they were going to have to start working with the business owners. I especially like the stipulation that the Groupon buyer has to be a new customer, I haven't seen that before.