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The one advantage of Groupon is exposure. If you have something nobody else has or if you have something that is already affordable and need to get exposure it definitely can pay off. A new restaurant that needs people to come try the food and things of that sort can profit. Nobody will pay $50 for a discount haircut and come back at $250 next week... but a new restaurant selling meals at $40 a plate offering 2 for 1 or whatever to get noticed can increase sales dramatically. A friend of mine has made good money doing this with a 'kids party place' business that was new and needed to develop a customer base.
That being said... at 6 Billion offered... you sell. ;)
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