Will Groupon boost your business?
Posted in Groupon, Marketing on June 16th, 2011 by Kevin ZurekI found an article about Groupon which poses a great question, will Groupon really boost your business? http://www.socialmediaexaminer.com/will-groupon-really-boost-your-local-business/
Last night I had dinner with some friends who shared their recent Groupon purchases. Let me share…
Groupon purchaser #1: Me! Ok, for anybody who knows me, they know I care about style…forgive me for trying to be hip…geez. A few months back I purchased a Nordstrom Rack Groupon. I’ll take FREE money, $50. I have been a Nordstrom’s consumer for years and will continue to shop there. Do you think Nordstrom’s suffered from Groupon? NO! Did they secure new customers with this offer? Probably. Were existing customers pumped about this offer? YES! Will I go back…but, of course.
Groupon purchaser #2: Let’s call her D. She has 2 kids and recently purchased a “one week Karate camp” for her daughter at half price at a local Scottsdale Karate Studio. Did her daughter like it? Yes, for most of the days. Will she go back? No. Although her daughter liked it, she didn’t LOVE it enough to go back. Her comment, “if we did go back there is no way I’d pay full price.” Hmm, does Groupon de-value the services of small local businesses? If D was in the majority and most people just took advantage of the one week camp with no plans to return, does this put the local company in a pinch? It certainly could. Talk amongst yourselves…
Groupon purchaser #3: Let’s call him E. E is a single man in his mid-30′s. What do most single men do? Whatever they want! E likes to try new things. He took advantage of a skydiving Groupon. It’s something he has always wanted to try, so why not try it at a highly discounted rate. Did he like it? “Hell yeah, it was the biggest rush ever!” Would he do it again? “Hell yeah!” Would he pay full price? “Hell yeah!” Would he recommend this to a friend? Why yes, yes he would. Was this Groupon a success? If most people shared the same experience as E, I am guessing it was.
Will Groupon boost your business? YES and NO! Before diving in, take the advice from this article. Ask the right questions and follow the tips.





