Recently, I stated my thoughts on why daily deal sites are here to stay, and it lead me to start thinking about the daily deal space a bit more
We’ve all heard horror stories surrounding daily deals. A local café business goes belly up; a large restaurant becomes inundated with coupon hunters, thereby losing its regular customers. In this economic climate, such losses are not to be downplayed. However, do these stories mean that all daily deals are bad for business?
Quite simply, the answer is no, they aren’t
As with any decision, a small business owner needs to take daily deals seriously and plan for successful execution. Just because a daily deal doesn’t require up front capital doesn’t mean it shouldn’t involve an investment of time and energy. Effective daily deals are built upon detailed planning and analysis. And when these crucial steps are carried out correctly, the effort will reap rewards. Read more…
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