In case you have been living under a rock for the last few years, a groupon is a coupon with an adrenaline shot. The Groupon website offers steep discounts on products and services from local businesses. Patrons purchase a voucher from Goupon, which usually has a time limit, that they can redeem from the business. Groupon makes it money by taking a cut of the already discounted fee. I think the idea is absurd, but 6 Billion dollars in sales says that not everyone agrees with me.
You can find good deals from businesses offering loss leader products or services to bring in new prospects (you) who they can convert to loyal customers.
One problem with Groupon is that it is the perfect “hook” for a classic “bait and switch” and some crooked businesses have mastered the craft. The worst deal on Groupon that you should absolutely avoid is the super cheap duct cleaning. You may find them offered for as low as $49, $69, $79, but as the old adage goes “if it sounds too good to be true…” A proper duct cleaning will cost $300-$500 or more depending on the number of air handlers, furnaces, and ducts in the home. It can take hours and the true professionals use expensive and specialized equipment. Groupon takes 50%, so how can a duct cleaning company profit on service fees as low as $25? They can’t.