It’s best to feature your deal on a product that costs less to make.

Businesses with a high sales volume and lower-costing products:Since the products you post on Groupon usually feature significant discounts, it’s well-suited for companies who already experience a high sales volume.

Groupon even has a category called 'Nearby' that lets users find companies based on their locations to help them discover local businesses.

Local small businesses:Many local businesses do well on Groupon because many consumers use it to find services in their area.

Businesses that find the most success from using Groupon include: What kinds of businesses Groupon works best forĭeciding if Groupon is a service your business would benefit from often depends on the type of business you own. You don’t need to pay any upfront coststo advertise onGroupon. They usually take around 50% of the profit you receive from selling your product on their service.

Groupon handles the purchasing process from there.Īfter the deal is live, Groupon collects the revenue earned from your product or service sales and distributes them to you every 30 days. They usually recommend discounting your product around 40% and 90% off its original price to be more appealing to potential customers. When you create your business’s deal, Groupon provides discount suggestions based on your product and similar deals their users typically choose. When businesses post their deals, they simply fill in their business information and details about the discount and pick a desired launch date. Consumers simply sign onto Groupon’s site and sort through different businesses’ discount options on their products and services until they find one that’s most appealing to them. Many businesses use Groupon because this company has strong brand recognition and is known for posting great deals on their website.

Groupon is a platform businesses use to publish discounts on their products or services.

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