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The 'groupon' phenomenon. Daily deals are dead simple. Every day Groupon issues a discounted product or service via a digital coupon sent by e-mail, and if a certain number of people prepay for the deal, it triggers a savings. Groupon takes a cut of every deal sold.Is Groupon still in business?
The daily deals site no longer wants to be in the business of selling physical goods. Groupon is throwing in the towel on selling clothing, toys and all other physical items. Instead, the daily deals site will focus on peddling experiences. The company said on Tuesday that it is not well-positioned to succeed in a saturated retail market.What is a local Groupon deal?
Groupon is a marketing service that offers its subscribers daily discount coupons by email, Facebook and Twitter feeds. Typical Groupon deals focus on local restaurants, stores, services, events and regional products.What is similar to Groupon?
LivingSocial is the second-largest daily deals site after Groupon, and the most similar to Groupon. It's worth checking out for a different selection of deals. And like Groupon, it also has instant deals.