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Site similar to Groupon

Discussion in 'Making Money' started by ProtoProtoss, Oct 21, 2011.

  1. ProtoProtoss

    ProtoProtoss Junior Member

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    I met one of the VPs for a new company that is starting up similar to Groupon in which they will be offering the promotors (affiliates basically) residual income off of retail customers that buy deals and 10% of the profit off the deals that are bought through merchants they've signed up. For example:

    You secure a merchant that sales t-shirts. The company lets you know they want you to input a deal on the site, they make the deal for $20.00. The company I'm speaking of receives $10 and the t-shirt company receives $10. You receive your 10% immediately because they allow users to partially pay the deal immediately and pay the rest when redeeming their coupon.

    Now I'm not really into this type of stuff, but you seen that groupon has grown to be a 20 billion dollar company in no time flat. This is a followup company doing the EXACT same thing, except they have implemented the feature of allowing users to pay part up front and the rest when redeeming the deal. Right now is the time to get in because you will be able to basically go and collect TONS of emails under your account, in which later on down the line once everything is up and running, you will be generating a % of all these people. Once this takes off I'm thinking it's going to be very big, from the fact alone of prospects not having to pay so much up front for a deal they might not even go use.

    Anyways, if you are a heavy marketer and feel you can reach thousands or millions of people, or have a lot of businesses in mind that can benefit from more clients, contact me so we can talk more in detail. I don't want to put the details out there directly because I don't want just anyone working with me, I need people that are going to be serious about this so we can make some serious money.
     
  2. ToryFX

    ToryFX Newbie

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    If it follows the same business model as groupon then it is doomed to fail.

    Groupon spends $1.47 to make $1.00... I guess this will be nice for marketers while it lasts though.
     
  3. ProtoProtoss

    ProtoProtoss Junior Member

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    I don't believe it follows the exact model, and this company doesn't really spend anything at all, other than keeping the sites running. All of the customers are going to be direct to the website, opt-ins, and referred basically. Not sure how strong they will be advertising as of yet, but I will be asking tons of questions on their conference call.
     
  4. ProtoProtoss

    ProtoProtoss Junior Member

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    correction, it's a 24 billion dollar company, I was corrected recently. To go from zero to 24 billion dollars in worth over 2 years... well I wouldn't consider that failing. The thing is, Groupon has TONS of merchants on backlog waiting to run deals... thousands. That's where I'm thinking we can capitalize... Merchants that don't want to wait can be taken over. Just signup with groupon, see whom is promoting there, and contact them... get them to run deals with you with this company as well. Either way it doesn't take them from the other company, but they get to run their ads at least, so you both win.
     
  5. englandrm

    englandrm Senior Member

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    I think I heard about Groupon having crazy losses over the past few quarters. My guess is this is due to overspending on advertising.

    By creating an affiliate program, they can get other people to do the advertising and only pay out when that person performs. It sounds like a solid plan.
     
  6. MakerViet

    MakerViet Newbie

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    Where can make money for provide Groupon deals??
     
  7. onlinemarketnow

    onlinemarketnow Junior Member

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    We would be interested in this.
     
  8. ProtoProtoss

    ProtoProtoss Junior Member

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    Well you would make money from multiple areas. For signing up more reps, a % of deals sold [if you sign up a merchant... remember, it's no cost to them up front, only for each new client you bring them], and also a small % of deals bought by customers. Say for instance you get walmart and they do a $10 for $25.00 worth of items. You know they mark that stuff up crazy, but when someone goes in they are going to buy more than just $25 worth, so walmart makes a lot. Off that $10, $5 would go towards the company and paying everyone. that's for 1 person. Whole Foods did a coupon not long ago and sold 1 million coupons (but it's Whole Foods, so it's expected, everyone knows them and their food is expensive, so any savings people will jump on) The person that signed whole foods up made like $25k from that one deal. I can explain it better soon. Just shoot me a PM and I'll get more in depth with you directly.
     
  9. ProtoProtoss

    ProtoProtoss Junior Member

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    Everywhere. You have to go bout it the right way though. You don't want to aim at companies that just sell a single product, you will do MUCH much better in going after companies that sell SERVICES, multiple items, etc. The idea is to bring a company repeat customers, and profit for doing so.

    This helps companies because the advertising for them is free and they paid for put out an ad in a magazine or newspaper that is seen by 1,000,000 people, but less than 1% is going to actually see it, and probably only 1% of those actually even consider checking it out, etc. What it boils down to is... how much will a company pay for a new client.

    The thing about this is that you will be getting in from the top, so all the reps you pull in under you that get lots of emails in, etc. you will still get a % from. Maybe only like 1% of their deals, but it will add up, trust me. I know some of you all have access to MILLIONS of emails that you can send a message out to. That's mainly whom I'm trying to find.