Are Daily Deal Sites Really So Bad for Small Business?
Like a comet blazing against the night sky, daily deal sites like Groupon and LivingSocial burst onto the scene promising great things for small business. You’d be able to grab new customers easily and quickly using these sites, and without a huge expenditure.
Unfortunately; not so much. This is largely due to several things: stratospheric expectations, poor press and the lack of clear strategy by businesses using this new tool.
All the media can seem to focus on is how much these companies, the two largest players in the space, are bleeding money. While both have suffered through massive growing pains, this was practically inevitable given the fanfare and splash they made coming onto the scene.