#recession #finances #heisesays
Discretionary spending is the first to take a hit.
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So wrong about Costco… if you just use it for petrol, you’ll get your money’s worth easily
I think the Groupon book is $100 from memory
I thought they were all a family. How do you fire family lol
its exactly what i expected "a waste of oxygen"
pink slips is your car roadworthy cert.
Did groups have over 500 employees? Doing what? Lols
Heise…..you need to set up a slushy-fund for the kids….
Helping to solve the labour shortage problem.
You have to be online you can't afford to do anything else a caesar salad and a glass of
Sunk cost fallacy lmfao. I go to Costco every 2 weeks to eat their Pizzas, probably one of the best pizzas you can get in Australia.
I've used Groupon to promote my business – it was VERY SUCCESSFUL. I own a laser studio. If a treatment is for eg $100 I sell it on Groupon at a discounted price of say $30. You do not make a profit initially due to the discounting, just cover costs if you manage the deal well, but you can sell a massive volume. Many people who buy vouchers on Groupon are 'bargain junkies' and will never return, but I've found that about 30% of the customers do come back and many refer friends/family and/or buy other products/services when they come in to use their voucher. I think of it as giving a potential customer a 'free sample', which for a small business is much better than spending money on advertising with no idea what the ROI will be. With the 'discount voucher system' everyone wins: the customer gets a heavily discounted service, the merchant doesn't pay anything for the deal so if it's a flop nothing is lost except time doing the services and Groupon take a commission based on sales. You can use the system to fill quiet times in the business or to sell stock that is not moving well. The interesting thing is that Groupon expanded to what they are not during the GFC, probably because people were looking for discounts or a cheaper alternative eg they didn't want to splurge on a holiday in uncertain times so they treated themselves to say a spa treatment or a massage & facial instead. Also during the 1930's downturn, sales for items like lipstick actually increased (women looking for a 'cheap treat' to cheer themselves up). It is really odd that a discount business is losing sales at the moment. Re the lockdown and online shopping, i'm not sure this would impact Groupon because many businesses including mine could not operate so there was no point selling vouchers. I really hope they continue to operate in Australia.
that is spot on. Discretionary spending is out the door. Moist things cost more, gas, and food. first, everything else is second.
What’s mission critical at Groupon 🤦♂️😂😂😂
Great video… couldn't stop laughing at some of your remarks.
Camel toe in tights
There goes your Groupon lettuce. And the kids slashes.
KPI system is of no value.
Every groupon coupon I purchased was low quality stuff that broke on first use. The only were the coupon was a heavily discounted dinner at moomoo wine bar. But showing up with a coupon at a swanky joint is also and experience in itself
Groupon is great! I only use it for one thing, 50% off Ben & Jerry's (pay $20 get $40 in value) ^_^ X
The BS COVID virus strikes again , the lockdowns put the last nail in the economy , enjoy the ride people !!.
I haven't used group on in years. I've found that the businesses that sign up to it are desperate. They take the money but then don't want to honour the deal because they realise that it's unprofitable for them.
it is ok our us daddy will come and save us. We are here to help to create more war zone to sell weapon and create more pandemic for viccine
if you work in construction your a fool if you think you have a super you can retire on if any.
From construction to retail to hospitality now
Fat acceptance if you identify as a woman, being overweight by 50+ lbs is strong and brave….
Another woke company, reviews not any good, they’re being losing money! Check the stories about them, not great!😱😱😱🧐⚠️⚠️
Losing business slowly, customers being woodwinked!
This company will go close to going under. Recession will deal with that! These type of companies not strong!
Another fad, nepotism company!