If your business depends on a steady supply of consumers you may be getting frustrated trying to get them in the door. While social media is great for reaching new prospective clients and email campaigns and local advertising have their merits, in a competitive world you need to have an edge. There’s another option to get your name brand noticed: Groupon.
Groupon is an online coupon and discount website that has proven to be a major boon to businesses worldwide. Top brands such as Things Remembered have found success using the site for marketing, and when you see how it works you’ll understand why.
Groupon has nearly 50 million active customers and over 115 million app downloads. That alone is stunning: close to a 50 percent conversion rate from those who have downloaded the app! The site works on a simple premise: give people a discount on items they’re already shopping for.
That means the businesses using this tool already have an advantage: the customer has already decided to buy, they just might not be sure where their going to make the purchase. They type in their search terms and Groupon gives them a list of businesses that feature deals for what their buying. It can be narrowed down by postal code or neighborhood, type of item, or a specific store.
The user then chooses their preferred store and downloads the coupon or discount code for the item they wish to purchase. This code is then given at the time of checkout. That’s it!
Groupon can be used either in person or while shopping online. The best part just might be this: they do the selling before the customer even walks through your door, so all you need to do is perhaps help them narrow their choice of goods before you close the deal.
We’re not saying Groupon is perfect for every business, we’re just saying you should take a hard look to see if it’s right for yours. It may make a world of difference, especially if you have a business with a lot of local competition. Let the consumer’s phone make the choice!