I just came across an awesone application for my smartphone, have you all ever hurd of the groupon ? Well let me tell you a bit about it. Groupon "group coupon" is a deal-of-the-day website that is localized to major geographic markets worldwide. Launched in November 2008, the first market for Groupon was Chicago, followed soon thereafter by Boston, New York City, and Toronto. As of October 2010 the Groupon serves more than 150 markets in North America and 100 markets in Europe, Asia and South America and has amassed 35 million registered users.
The idea for Groupon was created by now-CEO and Pittsburgh native Andrew Mason. The idea subsequently gained the attention of his former employer, Eric Lefkofsky, who provided $1 million in "seed money" to develop the idea. In April 2010, the company was valued at $1.35 billion. According to a report conducted by Groupon's marketing association and reported in Forbes Magazine, which was reported by the Wall Street Journal, Groupon is "projecting that the company is on pace to make $1 billion in sales faster than any other business, ever". I just think it’s crazy to see what the new invocation with technology and a the power of social media.
Very good post. That’s really interesting how people can make so much money with such a simple idea. I also think that they can make even more money. Today people are always looking for good deals and cheap stuff, so that is the perfect website! And even better, you can always have access to the deals on an app for a smart phone, that’s the best. Social media is definitely here for everything! I’ve just got on the website to see what it was and the registration is very quick, you just have to type your location, email address, age and gender and you’re ready to buy those amazing deals!
ReplyDeleteI know it’s so true, because everyone would like to buy a product for a lower price. I do believe that any application made to benefit the consumer will be a huge hit. It will not only benefit just the consumer but also the business selling the products for the lowest price, great concept.
ReplyDelete