The same therefore applies to travel etc. If you sell these in volume you make good money.
If you do healthcare related things like teeth whitening, IPL etc, you can easily get to 800, up to a few thousand. You used to solidly sell these, but you don’t get crazy money. Big volume is dangerous as the supplier may not be able to deliver on the deal. To make money you need to either have massive volume, or decent volume and a high ticket price. So Groupon makes money from killer deals. The sales guys who figure out the great deals can do really well. The first one they did, to Ibiza I think, made them well over a million dollars. I remember a competitor to Groupon started doing travel deals. Most deals don’t make money – the big ones do very wellįirstly most of the money comes from epic, big discount, high price deals. Assuming we are talking about the original business model, not Groupon Goods, the short lived Groupon Now and whatever else they have been attempting to do with Breadcrumb etc, it’s more complicated than what people have hitherto posted, but it’s also genius.
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