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That's a legitimate argument, but you could say Groupon was pretty easy to copy. Like magic tricks, the magician is like the first one to discover an idea is p
by entangld 16y ago
That's a legitimate argument, but you could say Groupon was pretty easy to copy.
Like magic tricks, the magician is like the first one to discover an idea is possible... I mean in general. I'm not calling mine magical.
- redredraider 16y agoRight. So Groupon probably didn't go around hush hush. I agree with the post above about execution. It's not about being first it's about being the best.
- calebhicks 16y agoGroupon -is- very easy to copy, hence the hundreds of Groupon clones making money hand over fist. However, even with the clones, Groupon seems to be doing just fine.
- ljf 16y agoI knew there were hundreds of clones but didnt know they were making cash hand over first. Any operating in a country that groupon operates in you can point me to? Just interested. I chatted with some of the groupon guys a short while ago and was shocked by just how much cash they spend on aquiring business. I wonder how many groupon type companies a city can hold, and for how long?
- petervandijck 16y agoBy acquiring business you mean acquiring users? Acquiring companies that will offer deals on them? Interested.
- deleted 16y ago[deleted]
- ljf 16y agoSorry only just saw this, but yes getting businesses to work with them takes a whole team of sales staff in each city who do a mix of cold calling, client mgmt and liason. most of their profits margin comes from uncashed vouchers. Happy to chat more, details on profile page.