Mob rules. Get a group together and get bulk discount rates for cool stuff. But what if you don’t have your own gang or posse? No worries Groupon takes care of all that for you.
Groupon is a website with daily deals too good not to pounce on. From teeth whitening to spa days to dinner deals at your favorite restaurant, Groupon offers discounts from about 50-70% off normal prices.
And Groupon is growing – they are now in almost 20 cities across the US and hope to be in 30 by year’s end.
The Chicago-based company has sold nearly 500,000 groupons, saving consumers about $23 million according to Andrew Mason, the company’s founder.
That is beginning to translate into big money for Groupon. It makes money by taking a percentage of each groupon it sells, and Mason says the cut hovers around 50 percent.
“It’s really exploded in a way that, if I stop and think about it, kind of freaks me out a little bit,” Mason says.
Why am I writing about it? Simply because I signed up, thinks it’s a very cool idea, and am easily entertained by neat, new stuff…plus it really works and you can save a wad of cash!