Everyone loves a good deal and as a small business owner and consumer, it important that you become aware of the new phenomenon that’s taking place. It’s Risk FREE Advertising.
The new phenomenon is taking place in the local deals space. It’s really simple and really genius if you think about it. Websites such as www.livingsocial.com and www.groupon.com the two biggest players right now, offer local businesses to get in front of consumer in their local market, RISK FREE.
How it Works.
§ You sign up with either one of these websites to be one of their featured advertisers
§ You offer a discount on your product or service
§ Consumers Receive your offer in their inbox and pay upfront for your products or services (typical a coupon is sent to the consumer that they will redeem)
§ You get paid within 30 days
§ It’s Risk-Free Advertising
§ It’s great for increasing cash flow and getting an infusion of new sales
§ It’s an excellent way to Spread the Word About Your Business Risk FREE and Increase Your Customer Base
§ It’s a great form of advertising, especially if you depend on repeat business
Groupon.com has the larger coverage area and infact they had a commercial during the super-bowl. However, I personally feel LivingSocial.com has the better deals, since I myself have actually made purchases through LivingSocial.com and they seem to have more innovative ideas in terms of creating and spreading awareness about their product and service. Not to mention they made history, when they offered a deal for Amazon and got one million new customers to purchase Amazon gift cards.
Types of Businesses That Can Benefit.
§ Nail Salons
§ Beauty Salons
§ Dance Studios
§ Hotels & Bed and Breakfasts
Important Things to Know
§ Because this service is FREE Not everyone is Accepted
§ It will be a great idea to ensure that your website looks professional and provide enough information about your products and services, because it will be the first place people go when they receive your offer
§ Be prepared to handle the massive volume of new customers that you will get, should be selected to participate in a deal, failure to be prepared could cost you both customers and your reputation.