When group coupon site Groupon went online, similar sites started popping up everywhere. Pretty soon they were turning down multi-billion dollar buyout offers from Google, prompting Facebook to consider a similar feature, and setting the tone for the new industry.
The idea for all these sites is that with large numbers of buyers and titillating promotions, daily coupons usually worth 50-70 percent off become a win-win for customers and businesses.
With ever more regional and national competitors trying to get your email address, here is a list of popular group coupon websites that could help you save money in your city.
Groupon built the online group coupon model and has led the way ever since. Along with its competitors the site offers discounts of 50-70 percent off goods and services at restaurants, retail stores, spas, and travel. What the other sites don't have is $1 billion in capital investment and a valuation of up to $25 billion. Groupon has increased from 4 million unique visitors per month last year to over 20 million this year but with LivingSocial closing the gap, Groupon will need to continue their growth to hold onto the lead.
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