[derikraven]

maybe I missed something....................whats all this groupon stuff about? Answer in laymans terms please as I'm getting on a bit now and a bit slow on the uptake.

[jasonl]

It is a website which offers goods and services heavily discounted .

The providers of the services  get paid by groupon a percentage of the amount paid by the customer.

[AshWhite]

Derik,
Its an online based company that you can register your email address to, in order to receive 'daily deals' in your local area. There are normally between 1-4 deals per area every day. Every offer is at least 50% off normal price, and it can be anything from tooth whitening to nights in posh hotels to carpet cleaning.
The companies who offer the discounts also agree to pay groupon a set amount of each deal that is sold on their behalf (normally 50%). So in the example of the hotel room for a night, if normal price was £100, offer price would be £50 (or maybe less), and the hotel would expect to receive £25.
That's a very brief rundown, hope its starting to make some sense?


Ash

[John Kelly]

Think the hotel would get £21 as Groupon are including vat in the £50.

[Steve Rothwell]

It is free advertising..............




if you wish to work very hard for little financial return

[derikraven]

many thanks for the response, I understand now