The Deals Bandwagon

Just recently read a really good article on Mashable that dissected “The Daily Deals Bandwagon” and found it all quite interesting. Living in a metropolitan area for almost 2 years now, I have seen a large number of local “daily deals” services like Groupon & LivingSocial where local small businesses invest into. It’s interesting to see that most of these local deals aren’t as impressive as the leading giants of online coupons, mostly because they aren’t always able to give +50% off to their customers, especially when their membership base is less than 1 million. Nonetheless, this is an awesome time to see these online companies make millions and billions of dollars with only having an online presence.

I’m interested to see where this year will lead the online community, especially with Facebook Deals & Google Offers, 2 giants wanting a cut of the pie as well. I also wonder who else is next to try and get a cut as well, it wouldn’t surprise me if Foursquare or Yelp try and get bigger & better deals to offer, but only time will tell.

Take a look at the infographic that dissects the daily deals bandwagon, courtesy of OnlineMBA.com. To view a larger version of the infographic, use this link.