Groupon promotions are growing at a terrific rate these days. Also, the size of the global opportunity is highly enormous.
Originally, Groupon was developed out of the concept of power of group buying. Today, Groupon has grown very large. Today, it is all about bringing in the new customers by exploiting the deep discounting.
Now, we will be discussing some steps for getting the most out of your Groupon promotion.
The first step is to calculate the numbers. According to the typical ‘Groupon discount code’ (also known as ‘codice sconto Groupon’ in Italian language) the discount is 50%. Out of this, Groupon will take 50% leaving you with 25% of the sales price.
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Next step is to calculate how much loss you will likely make on each of the sale. It is not that easy.
In the next step, use the numbers which you have calculated in your previous step and then make a calculation of how much you are actually prepared to invest in this particular promotion. Further, decide on the number of discount vouchers which you want to offer in the promotion.
Now, as you are set up with your parameters, the next step is to do the preparation of your staff. This is necessary in order to meet any sudden influx without causing any reduction in the service levels.