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I think of Daily Deals as equivalent to payday loans. A lot of small businesses have cash flow issues. Daily deals sites propose to give extra liquidity in exc
by inmygarage 15y ago
I think of Daily Deals as equivalent to payday loans.
A lot of small businesses have cash flow issues. Daily deals sites propose to give extra liquidity in exchange for something your business is already offering. Seems like a great deal until you realize that the fees are egregious. And daily deal site fees ARE just as egregious, but they do a better job of marketing themselves/their fees.
Running a daily deal is great for a lot of businesses, but in many cases the cost to the business is much, much higher than advertised.
- holdenk 15y agoCurrent daily deals make the cash-flow situation worse for small business. Public information suggests that the merchants are paid somewhere between 30 to 90 days after the deal has run. While this is normal for B2B relationships, in the past those merchants were involved in B2C where they were paid up front.