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Strategies & Market Trends : BAK - Investing
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To: Covenant who wrote (2855)6/4/2012 3:30:55 PM
From: XoFruitCake4 Recommendations  Read Replies (1) of 3249
 
Re: At what price would you buy GRPN?

I haven't used GRPN in about 4 months

My daughter thought about quiting her job and start something similar to grpn in Asia a while back. So we have a lot of time trashing the business model (she is still working so we both don't like the model very much). My 2 cents is that the current environment is the best that Grpn can ever hope. They need a continuous stream of quality business willing to discount heavily to promote their business. Grpn business is limited by the deals available (and not crappy deal.. Crappy deal turn off the customers). If business enviornment is getting better, the deal will be less. If business environment is doing terrible, business will shut down and won't be able to do the promotion. So as far as the number of business willing to go with GRPN route is max out about here. If they cannot make money, they will never be able to make money. Also the business is not scalable. There is a lot of sales support to get your business willing to do the discount. They roll off really fast (i.e. they will do one or 2 deals and work do it again) and you need the salesman to work the territory and drum up new business ..
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