Groupon Case Study Essay

Groupon has grow from four hundred subscribers to 60 million subscribers world wide within five years, its fastest growing smart set in history. Groupon stands for group coupon that requires certain amount of subscribers to sign up for the deal. Moreover, at that place is a day-after-day deal for local or national business, people can easy to map and redeem, so it raises the curtain raising for people to sign up. Furthermore, the most significant thing that Groupon is running based on the Internet, so its easy for people to discover and shop.Wherever the people atomic number 18, they can just implement their smartphone to check if there has whatever deal near them. 2. The Groupon Promise is an important rule for customer. Customer can return any Groupon they purchased if they fall apartt feel satisfied with the products, even if they used, there is no question ask. in that locationfore, people dont need to worry about whether they leave alone waste their money if they buy the products they dont like. There is no risk taken for any customer. 4. There argon possible psychological and sociological influences the Groupon consumer purchase decision process.Due to the recession, people have tried to save money, so people who are interested in other coupon websites, they may be also interested in Groupon. Moreover, after customers have used Groupon for several times, Groupon have begun personalizing deal for their customers. This process offers deals for customers that they are more likely to be interested in and purchase. Furthermore, every deal on Gropon websites will show customers how many other customer have purchased, so people wont call they are the fist person to shew the product, and take the risk.When customers see there are a lot of people buying this product, they may think it may be a good product, and I should get one. It enhances the customers to purchase, and quantity that company addresss. 5. There are three challenges for Groupon in t he future. First, there are customers who are dissatisfied with Groupon, or buy the Groupon and never use it. They are looking for regular customers. In order to solve this issue, I think Groupon need to appreciate the reason why people are not satisfied with their products.They need to control the quality they sell because it can affect or even ruin their reputation. Second, Groupon has difficulty on growth in the USA. There are more deals in US, but they dont have many customers in here. I think Groupon need to discover what people really need to raise the sale in US. yet though they have more customers abroad than here, US citizens still have a stronger buying forcefulness than other countries. Finally, Groupon are competing with other coupon websites.I think Groupon need to keep their current customers by personalize their deals, and sending any promotion if customers have spent certain amount of money. Also, they need to curl more new customers such as giving a coupon, so p eople can use a free coupon to buy a coupon or products. No mater those customers will be regular customers or not, when they start to use a free coupon, they start the business with Groupon, and they are potentially be the regular customers in the future.