Daily Voucher Deals – a useful marketing tool?

I’ve been asked by a number of clients and friends recently about whether they should consider using ‘Groupon’ or other similar daily voucher deal sites to promote their business and potentially increase their customer base and market, and in each case my answer has been the same – will you cover your costs by doing so, and can you cope with the demand that may follow?

It seems now that a number of concerns about the Groupon business model are being expressed, by many illustrious and well regarded voices. Josh Catone has written an excellent article on why Groupon must change which explores exactly the issue I raised with my friends – how a small business caters with the potential demands, and whether this is actually going to lead to sustainable business growth in the long term. Even more worrying for Groupon, there are many concerns being expressed for it’s long term financial viability, including this blog by Michelle Conlin, of AP.

Of course, Groupon are not the only exponents of the voucher system, many other companies including Amazon.com and Google are also offering similar deals and incentives. I would urge caution to all those considering either purchasing vouchers as a consumer, or using these promotional tools for their business. Remember, if something looks too good to be true it probably is, whichever side of the deal you’re on.

Advertisements

About The Marketing Angel

Inspired by those with the passion to succeed, I work with business owners to create tailored strategies for cost effective lead generation.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s