Nov

16

Harnessing the Power of Volume Discounts

Filed Under Cash Back Programs, Dining Out, Entertainment, Health and Well-Being, Saving Money 

Groupon - shopping for volume discounts. Just back from the cruise, I am loaded up with shopping info and topics to complete, from discount shopping on cruises (more on that soon from my sister, the Rebate Queen, who returns today from Caribbean adventure) to the more important category of affordable health insurance.  But for now, as we re-settle, a word about a cool new discount club.

Have you heard of Groupon? I first became aware of this organization about 5 months ago, when a reader from New York mentioned it.  As it was very focused on only a few cities, I passed on reporting it at the time.  But now, it’s expanded to over 30 cities, so it’s time to let all my readers in on it.

Groupon, and other organizations like it, put people together to harness the power of volume buying.  It’s a deal-a-day thing, city specific, where, if they get a certain number of people to sign up for it, everyone gets the deal.  (If not enough people buy, the deal is cancelled and you get a refund.  But this seems to be a rare occurrence.)  The deals are for spa treatments, bars and restaurants, amusements and the like. It’s a great way for businesses to build their customer bases, and for consumers to get awesome deals, sometimes up to 82 per cent off retail!  Plus, they’re brilliant at growing their own customer base, urging readers to sign up their friends so they can create a big enough demand for each offer, and offering referral bonuses in Groupon cash for each member registered.

Groupon now serves 35 metro areas, and they’re actively growing, so if you live in or near any major city, it’s worth a look. www.groupon.com.

For more ways to save on lots of great stuff, click here.

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Comments

2 Responses to “Harnessing the Power of Volume Discounts”

  1. liz on November 16th, 2009 11:23 pm

    hi there,
    Just wanted to say that we use your site and love it. Hope to see more!

  2. Robin on November 18th, 2009 12:46 pm

    Thanks Liz, please let us know how we can help you!