Wednesday, December 1, 2010

Groupon Review - What is Groupon? Is Groupon a scam? - How to save 50 - 90% on purchases

Chintzy has been following Groupon, the internet deep discount group buy coupon sensation for a while now, and it's time to share the wealth and do a Groupon review from Chintzy's personal experience.

Now it's relatively recently that Groupon has come to Chintzy's base of operations, and made those gooey delicious discounts available, but that has made the experience all the sweeter.  We'll get to the details shortly, but first a little about how Groupon works.

What is Groupon?  How does Groupon work?


Groupon is a company that makes available various sorts of services and products at a deep discount, typically 50% to 90% off.  Every day a new 'daily deal' is announced, and if you have signed up you will receive these daily Groupon deals in your e-mail inbox or view them on the Groupon website.  Common examples are restaurants and spa's, where there is an incentive for the business to bring in new customers who will come back after having a positive experience using their Groupon coupon.

To summarize, Groupon allows individual consumers to get large discounts by combining their buying power with other consumers, and by offering businesses the chance to gain new customers for the long term through a marketing push fueled by Groupon and deep discounts.

Is Groupon a scam?  50% - 90% discounts are unheard of


In short, while the discounts available from Groupon are so high they fall into the 'too good to be true' category, there are good and valid business reasons why the discounts offered are totally valid.  Each party to the Groupon transaction gets good value.  The business brings in new customers whom they hope to convert to returning (non discounted) customers,  Groupon receives some percentage and builds a base of happy customers, and you, the consumer, receives a deep discount on a product or service that you may have never tried before.  Saving money and broadening your horizons at the same time.  If there was ever something that sounded so good and delivered to all parties so well, Chintzy isn't aware of it.

Groupon reviews - Does Groupon deliver?


Chintzy has taken advantage of two of Groupon's offerings in the past months, and plans to do some serious Groupon gift shopping shortly.  Although Chintzy was unable to discover details on the Groupon vetting that must go on behind the scenes to assure quality, Chintzy , as well as friends and associates have been pleased with the quality and results of using the Groupon service.  Trying something new, and paying a lot less while you do it is the formula that makes this deal hound very happy.

A quick rundown of Groupon strengths and weaknesses


Chintzy is a fan of summing up the facts, and Chintzy readers want those details so here's a little rundown of the Groupon reviews takeaways.


  • Groupon makes available discounts of 50% - 90% to its members
  • Refer a friend program will reward you $10 in Groupon credit for referrals
  • Groupon coupons never include tax or gratuity
  • Must use in one visit
  • Groupon etiquette suggests tipping on the total, not discounted, amount of the bill
  • Some deals have certain restrictions, read the fine print (like applicability to alcohol)
  • A groupon gift can be redeemed whether or not it has the giftee's name on it
  • Groupons are valid the next day, but some suggest giving it a little time or calling first for availability

If you feel the benefits are worthwhile, dear reader, give Groupon a go, and be sure to report back with your experiences, good or bad in the comments.

Good deals to you,

Chintzy

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