Groupon, is an online based company that offers special deals to various cities in the United States. The company launched itself in 2008 and in 2 years has expanded into 300 markets and 35 countries.
Google is near a deal to acquire Groupon, the popular online discounter, for as much as $6 billion. At that price, Groupon would be one of Google’s largest acquisitions. (2nd Biggest Acquisition: $3.1 billion purchase of DoubleClick, the display advertising giant, in 2007.)
The deal is worth $5.3 billion with an additional $700 million earnout based on performance.The average Groupon deal offers 50 to 90 % off retail goods and services, from restaurant certificates to skydiving lessons. It has grown beyond local stores to work with retailers like Gap, which offered a nationwide deal this summer.
(Gap sold 440,000 units and generated $11 million in revenue from advertising deal with Groupon)
Groupon’s success has helped turn the company into a cash-generating machine, signing up more than 12 million registered users and reaping more than $350 million in estimated annual revenue.
Mashable.com recently posted 2 article’s about Google’s new acquisition and the penalties the company may face due to complaints filed by competitors and regulators.
Click the links below to read more about Google & Groupon:
“Don’t follow any advice, no matter how good, until you feel as deeply in your spirit as you think in your mind that the counsel is wise.”
- Unknown
There’s a time in life when you have to decide when to listen to the advice of your friends and when to go with your gut.
There’s nothing wrong with advice from your peers, but the wrong advice could cost you lots of money, and more important, Time. (See Just My Thoughts: Time Management)
When you’re asking a specific question that relates to a business or organization, make sure the person your asking the question to has a decent amount of knowledge in the subject area. (In other words, make sure they’ve done their homework. )
There’s nothing worse than listening to someone who has no idea what they are talking about. (This applies to Family and Friends.)
I’ve seen too many friends with creative ideas let someone else discourage them from their goal. Believe in yourself and accomplish your goals in life.
Last year, I switched my hosting company to Godaddy.com and they have exceeded my expectations thus far. I’ve been very impressed with their customer service representatives, 24/7 Technical Support, Database Back-up assistant, easy-to-install applications and other features that separate them from companies like 1and1 and HostMonster.com
I recently read an article on Mashable.com about Godaddy publishing a new default domain extension, .CO.
For all practical purposes, .co domains are the same as .com domains; that means they are available to everyone and come on a first-come, first-serve basis. One of the biggest advantages is the fact that they are already widely recognized.
More than 20 countries, including the UK (.co.uk) and Japan (.co.jp), already use them for their country-specific domains.
I’ll have to conduct more research on the topic before I jump on the .CO bandwagon. Until then, I’ll keep using my .com websites.
Jon Crawford, Founder of Storenvy.com, recently sat down with Andrew Warner at Mixergy.com to share how he bootstrapped his company by selling over $1 million in t-shirt printing services.
I was passing by a pumpkin patch today and I thought to myself, how much money do seasonal stores make on a yearly basis. By Seasonal stores, I’m talking about Costume Stores, Haunted Houses, Pumkin Patches, Christmas Trees, etc. Stores that make a large amount of sales in a 1-2 month window.
They have to be paying a high overhead for the short-term lease on the space, plus taxes and licenses, with labor and operating expenses. Plus any other costs incurred with marketing and legal expenses.
Does the high volume of sales justify the short window of opportunity? Just something to think about.
