Tuesday, January 26, 2010

Groupon Review

**Really cool service for those that love deals!**

I recommend this service for people looking to get cheap deals to various restaurants, stores, and services located in their city.

Quick Summary
Groupon self describes themselves as "Collective Buying Power". Essentially Groupon = Group + Coupon. The way it works is Groupon promises a business to get a them a certain number of customers by advertising a coupon, that will only get used if enough people buy it. For instance, a cupcake store gives out a coupon for 25$ worth of cupcakes for 12$, but this coupon will only work if at least 15 people buy the coupon. You only get charged if the deal gets enough people to purchase it. You could also purchase coupons for a friend if you think the service is something they will like.

The service works in up to 30 cities, but I'm sure they will be adding more all the time. You can have them email you the deal daily, or follow them on facebook, twitter, or as an RSS feed. Deals are typically at least 50% off and for cool things/services.

For instance today's (Jan 26) is for 50$ worth of 100$ spa services at a spa in SF. Save 50$, not too shabby.

Things I Like

  • Saves you money!
  • You can log in via facebook to save yourself having to make an account. 
  • Super simple and easy to use. Coupons are printed from your computer with a map to the place. You can also read reviews of the service right on the home page without having to search for information about the service. 
  • Businesses can use the service as a way to get customers in a cool advertising way. 

Things I Don't Like

  • Not always services or things that I would like to purchase. 
  • Need more cities! (Only have about 30 right now, but at least SF and SD are on there :-P)

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