Quote:
Originally Posted by Intrinsic
Groupon takes 50%
If a groupon says $5 for $10 of popcorn, Groupon gets $2.50 per sale
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I work for a company that is building a website for "Groupon for Restaurants", and they are noticing that the Groupon model is already getting old.
ebay: sell a $100 item for $100+, pay ebay $4. Get $96+ for your $100 item.
Groupon, sell a $100 item for $50, pay groupon $25. Get $25 for your $100 item.
From this, Groupon is raking it in compared to ebay, but sellers are saying "fuck that" to the value of posting deals.
Because the company I work for is trying to build a Groupon knock-off, they've been looking at the groupon data, and have noticed that if you look at the return customers, there are really very few. Meaning: "lots of hype, try it once, never come back!"