Subscriber Account active since. Dan Frommer, Business Insider Groupon is one of the fastest growing companies. Well, it wasn’t easy. In fact, Groupon almost failed before it ever existed. Groupon stemmed from a different site, The Point. Founder Andrew Mason and his investors soon realized The Point was headed toward failure, and fast.
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We did the twilight monument tour on the day that we arrived in DC and it was certainly the way to Absolutely loved this experience. Enjoyed riding the Segway. Loved seeing so much of the city in a It’s such a shame that Segs in the City allows misleading business practices, because the actual tour we ended up going on, with Josh as a guide, was great. Basically, a warning to anyone thinking about using the groupon offering – Segs in the City arbitrarily chooses when to honour the offer, and when not to.
The Groupon offer clearly states that it is valid for the daily pm 1 hour ‘safari’ tour. When we called to book though, the guy said that the Groupon offer inexplicably wasn’t valid for tomorrow, even though there were still spots available on the pm tour. He gave no credible explanation, and just kept repeating that we would need to pay full price.
This is misleading business practice, plain and simple. A complaint has been lodged with Groupon, and I’d advise others to go with one of the other segway providers until Segs in the City sorts out their terms with Groupon.
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Then there’s the company’s business model: selling discount vouchers to restaurants, spas, paintball parties, etc. But the Chicago-based firm is “the fastest growing company in web history,” according to Forbes , and may file for an initial public offering by the end of , according to the New York Times. And Groupon has found a way to feature small businesses that haven’t traditionally advertised online.
But for retailers offering the deals through Groupon, does the publicity compensate for the deep hit to profit margins? A new working paper, To Groupon or Not to Groupon: The Profitability of Deep Discounts , sets out to help small businesses decide whether offering large discount vouchers is a profitable decision.
Deal On The more people purchase a daily deal, the lower the price becomes. The price at midnight is what everyone pays. Fly Coupon A new deal is featured each day on mostly suburban businesses and services. Fresh Guide Women-focused site offering spa and restaurant deals. Deals with D. Scenester D. Crenshaw partners with socialbuy. TickFolio Deals on spas, restaurants, Cubs rooftop tickets and more.
Buy With Me A handful of deals each day, including magazine subs, speed dating, spas and more.