Responding to a great article by Heidi Cohen on Groupon, in her article she stated Groupon was unprofitable for 1/3 of the merchants surveyed and that over 40% of them wouldn’t run a repeat offer according to researched done. Which means 2/3 actually made a profit from it and 60% would repeat offer, fair enough! Heidi also talked about her friends experience with Groupon where they use them to treat themselves to services that they might not do at full price, often a girls’ day out and that it’s not traffic these businesses want. … [Read more...] about Groupon Deals Make Sense for Merchants
istrategy
Facebook Reaches 600 Million Users
There had been a lot of questions going as to if Facebook has pass the 600 million users milestone yet. Answer to that question, YES! Facebook passed the 600 million users mark in December 2010 (probably earlier). It was not announced publicly. Maybe not to tech blogs like mashable, techcrunch or RWW, however, when I attended iStrategy Singapore in December, Blake Chandlee the VP & Commercial Director, EMEA, at Facebook announced at the seminar that Facebook has already surpassed 600 million users. Of course we tweeted it out. … [Read more...] about Facebook Reaches 600 Million Users
