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A guide for Business Owners on Daily Deals and Group Buying Sites

So I have done a few articles on these group buying sites and so many of them launching in Toronto and we are so lucky the folks at Groupon have finally blessed the city of Toronto with its amazing deal engine.

Daily Deals FAQ

Groupon and similar group buying sites are sweeping the nation to help local businesses offer customers killer daily deals and big savings coupons for products and services. Also known as collective buying sites, group purchasing websites like Groupon are fairly new and many consumers and businesses aren’t aware of how group buying works or how to compare group buying websites In this group buying guide we’ll discuss details like how to use Groupon to harness collective buying power, daily deal tips for local businesses and customers, and frequently asked questions (FAQ).

Group Buying do's and don'ts

Group buying is a somewhat new win-win online shopping strategy for both consumers and local businesses. Group Buying Websites like Groupon and Living Social gather large numbers of consumers to leverage group buying power in an effort to attain huge discounts by partnering with local merchants. A minimum number of purchases is required to activate the daily deal otherwise the deal is off and no group buying member’s credit card is charged. Besides the huge savings, what makes group buying particularly attractive for merchants is that it is a very effective way of getting new customers to try their products and services.