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One thing that I think is ridiculously misleading, is that when watching the video for "how groupon works for busineses"... they have the "we only make money wh
by tgriesser 16y ago
One thing that I think is ridiculously misleading, is that when watching the video for "how groupon works for busineses"... they have the "we only make money when you make money" premise, and show bags of money piling up on both the business owners side and the groupon rep's side, at what looks to be a 5-1 ratio in the business owner's favor
Now it's pretty clear that in this instance they are talking about when the money is collected from the sold groupons - not the overall economic benefit that the business will see in the future (although it's questionable that even that will be favorable). From the Posies story and finding out that groupon takes at the bare minimum a 50% cut, this video is incredibly deceiving, borderline flat out lying to the business owner from the start... No wonder business owners are disenchanted with the whole process.
Click on "How it works" http://www.grouponworks.com/ http://www.grouponworks.com/