Chapter
The Potential of Groupon 2.0 for Supporting Local Businesses
43:45 - 45:51 (02:06)
The slow and difficult scaling processes of local businesses makes Groupon 2.0, an updated version of the company's sales platform, a potentially valuable tool for both consumers and local entrepreneurs.
Clips
The ability to recognize cultural shifts, such as the importance of supporting local businesses, is crucial for businesses looking to succeed in today's market.
43:45 - 44:49 (01:04)
Summary
The ability to recognize cultural shifts, such as the importance of supporting local businesses, is crucial for businesses looking to succeed in today's market. Platforms like Groupon or a potential Groupon 2.0 offer opportunities for small local businesses to thrive, but it can be difficult to successfully scale at a local level.
ChapterThe Potential of Groupon 2.0 for Supporting Local Businesses
Episode#57 - Corona Business Ideas, Stock Buybacks & Recession Proof Businesses
PodcastMy First Million
Daily deals companies, such as Groupon, saw initial success by offering consumers discounted products, but the business model ultimately failed due to operational problems and an inundation of similar companies offering the same products.
44:49 - 45:51 (01:01)
Summary
Daily deals companies, such as Groupon, saw initial success by offering consumers discounted products, but the business model ultimately failed due to operational problems and an inundation of similar companies offering the same products. Despite this, the distribution aspect of the model (getting consumers discounted products) remains desirable.