When you decide to market online, let me give you a Groupon Warning! First and most important, make sure you know what you are getting into before you spend a lot of money. Be sure that you fully understand the terms of the agreement – no seriously, read it. You really need to be sure that you are going to be OK waiting for at least 90 days to get your money. In other words, make sure that you understand the payment terms before you accept them.
Another thing to keep in mind is that your products or services will be deeply discounted. So already you are losing profits before you have made a single sale. And by that I mean to reveal to you the biggest Groupon Warning of all. Watch my video to find out why I strongly encourage most small business owners to stay far, far way!
But hey, don’t just take my word for it, Bob Phibbs, The Retail Doctor thinks it’s a bad idea too. He has even authored a book about it titled “Groupon: Why Deep Discounts are Bad for Business”
There’s a lot more where that came from
If you like my Groupon Warning video, be sure to share it and check out my other 5 Minutes With Charles videos. Also, even though my videos are about a lot of different topics, I am always focused on one thing – getting you more customers! That’s what we do and who we are!
P.S. I will be publishing a lot more content just like this, so if you feel this is good shit, which you know it is, let us know! Also, be sure to ask your questions on any of our social media pages and who knows, maybe your question will be the next one to get answered in one of my videos.
P.P.S. When you decide that you are tired of the struggle of finding new customers, give us a call. Or you can click on the banner below to get started.