The purpose of this document is to present a website of interest that is Business to Consumer or Business to Business site and discuss the business, and marketing strategies it has been following to keep the business ongoing in the market place.
2. TAKING IT FURTHER.
We chose to analyze Groupon, the most famous online company that offers customers incredible deals on various products such as restaurants, health and beauty, hotels, sports, automotive, jewelry, events, activities, and entertainment across the United States through Business-to-Business connections. It also offers customers services such as getaways, reserve (Free reservations and discounts for high end restaurants), and gift shops. Buyers through Groupon can get daily deals and save money on shopping, travel and what not. The website for this company is www.groupon.com. Groupon, which is a Chicago based online firm, was founded in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell. .
The name "Groupon" blends from "group" and "coupon." Its mission is to become the world's commerce operating system connecting buyers and sellers through price and discovery. Groupon is now a global leader in local commerce, making it easy for people around the world to search for great businesses at unbeatable prices. With Groupon, shoppers find out the best deals and enjoy vacations with Groupon Getaways, and find a curated selection of electronics, fashion, home furnishings and more with Groupon Goods. The Groupon works as an assurance contract using The Point's platform: if a certain number of people sign up for the offer, then the deal becomes available to all; if the predetermined minimum is not met, no one gets the deal that day. This reduces risk for retailers, who can treat the coupons as quantity discounts as well as sales promotion tools. .
Groupon positioned itself very well in the marketplace with its unique selling proposition and also brand name.