Groupon Clone
The origin of group buying concept Group buying, also known as collective buying, offers products and services at significantly reduced prices on the condition that a minimum number of buyers would make the purchase. Origins of group buying can be traced to China where team buying was executed to get discount prices from retailer when a large group of people were willing to buy the same item. In recent time, group buying websites have emerged as a major player in online shopping business. Typically, these websites feature Daily deal script , with the deal kicking in once a set number of people agree to buy the product or service. Buyers then print off a voucher to claim their discount at the retailer. Many of the group-buying sites work by negotiating deals with local merchants and promising to deliver crowds in exchange for discounts.
How it works? The Daily deal business model works by offering retailers the opportunity to market discounted services or products directly to the customers of the deal company. The deal company takes a profit from the deals sold through direct marketing efforts such as email. It benefits both retailers and consumers as retailers build brand loyalty and while quickly moving surplus inventory. If subscribers to a discount website are tempted by a discount offer, they enter their payment details online and wait. Once a minimum number of people sign up for the same offer, the deal is confirmed and a voucher is sent to their inboxes. Shops, restaurants and other retailers that partner with these discount websites have to take hefty price cuts. But it means they have instant access to a whole new group of customers.
Economics scale • Save an hefty dollar through Group buying
Economies of scale here generally refers to the degree of savings that you can make specially from your retail purchases. Take the above example where the buyers availing an discount of $25 on the $50 Tshirt, which is just about 50% discount on the T-shirt, where if a buyer tries to purchase the T-shirt single handedly would be paying $50, so the power of Group buying mainly helps in saving the money excessively and exclusively.
Groupon Groupon is the daily deal website that serves lots of major international markets, offering one coupon per day in each these markets. You can’t go anywhere online these days without spotting a Groupon ad. It’s theory as we all know – the social features of its deep-discount offers for local merchants — a certain size group had to sign up in order for the deal to be “on” has been the reason for the huge success. Back in 2010 Groupon was expected to make $800m this year – and in a market with an awareness of just 10%, imagine what their future earnings could be like. Groupon have announced that in 2011 they will be gunning for a turnover of $1.5bn, which tells you something about the growth of the group buying industry when the market leader is targeting nearly 100% growth in a year, and with so much more to offer and provide you can just imagine it’s scale-growth for 2012 and the upcoming years.
Owning Group buying website easily!
• If you are currently looking to start your own group buying website then group buying script is the smartest and easiest way • Groupon Clone is NCrypted’s group buying script. The daily deal website that brings you deals prevailing in your city right in your inbox each day. It could be deep discounts on food, entertainment, holiday or things to buy. For over a year, Ncrypted has been selling the customized group buying script and enabling entrepreneurs and businesses around the world to build highly profitable group buying websites.
Why choose this script? Key Features of NCrypted’s Groupon Clone
Easy to manage deals: Easy to add, edit and delete any deals
Excellent communication system: Online users can communicate with you as well as with users who are online.
Payment procedure becomes easy: Usage of PayPal and PayPal Payments Pro is required for the acceptance of credit cards.
Systematic and accurate reporting of the data: Data can be in the form of text, charts or bars as well as it is easy to export as excel and pdf files.
Easy to understand: The script possesses neat and clean code and therefore it is easy to understand.
For more information visit .
www.ncrypted.net/groupon-clone
About us
NCrypted Technologies is providing a platform for website clones, rather than providing a readymade website clones script. The main benefit is that you can get 100% copyright ownership for all the source code, graphics and the DBA, where in readymade website clones scripts you can’t get same. You can Hire Offshore Developers to develop websites clones like AirBNB Clone, Groupon Clone, Craig list Clone, Facebook clone and many more from NCrypted on monthly basis contract, project basis as well as hourly basis.
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