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Groupon - The New Way to Get Deals and Save Money

Updated on September 18, 2010

Have you heard of Groupon? I am sure you have, because their ads are everywhere! Honestly I didn't get it when I first heard about them. I thought it was a scam or a temporary thing that would peter out soon. I was wrong. Within the past month I have truly come to love Groupon. I have gotten some amazing deals and already saved a lot of money on my holiday shopping.

If you are wondering about the name, that didn't take me long to figure out. Think group + coupon and you have it. Each day, for many, many cities there is a deal of the day in the form of a coupon. The catch is the coupon isn't good unless enough people (a group) get in on it (I haven't seen this happen yet). This makes perfect sense to me. It is like bulk buying at Sams Club. You are helping to purchase a discount in bulk with a group of people. But you don't have to do the bulk buying in this case.

From what I can tell the discounts are typically around 50%. I have seen discounts of much greater though, as well as a few around 40%. But seriously, where else can you get 50% off of anything you choose? Think about it - if you walk into a store there might be a few items on sale for 50% off, but the whole store? No way. With Groupon you get a discount on a particular item or possibly the entire store.

For instance, a couple of weeks ago I purchased a $25 gift card to The Nutty Guys for just $10. This is a 40% discount and I can use it on anything they sell. Recently there was also a discount deal on a gallery wrapped canvas in a 16X20 size. I hope those examples help explain more of how it works.

One of the things I like best about Groupon though, is that most of the time they are highlighting local businesses. Many coupons are city specific and small, individually owned businesses. There are always great restaurant deals so if you like to eat out you should definitely sign up for their daily emails. Go to the Groupon site and find your city. If your city is listed then you can quickly sign up for their emails. It is that simple. You will start receiving the daily deals immediately and can take advantage of some great offers.

If that day's deal doesn't interest you, no worries, there will be an entirely new deal the very next day. No waiting a week or two to see if the sales change. The deals change daily at Groupon. I sound like a spokesperson (I am not!) but I love this site that much. I also check the daily deals in our extended family's cities. I have already been able to get deals on holiday gifts this way and I really see Groupon saving me a lot of money this year on my shopping. I love the way this company operates and more importantly that it is a legit way to save money.

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    • profile image

      Venkatesanndot 

      7 years ago

      Yes it is a very good platform for both buyers and sellers.

    • Dim Flaxenwick profile image

      Dim Flaxenwick 

      8 years ago from Great Britain

      Sounds good to me , though I don´t think it has ´crossed the pond´yet. Thanks for another great hub.

    • Hello, hello, profile image

      Hello, hello, 

      8 years ago from London, UK

      I am very grateful for your good advice.

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