The merchants are rather mixed about the discounts and promotions. The primary complaint coming from the merchants is that Daily Deals do not encourage repeat business or increase consumers’ spending.
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“This acquisition fundamentally changes the daily deal industry and is a true win for our merchants and consumers alike,” commented Jim Crowley, CEO of BuyWithMe. “The daily deal model is an incredible demand generation tool for merchants, but until today the industry has failed to provide merchants a means to create, manage and measure not just deal results but ongoing customer loyalty, reward and engagement programs post the initial promotion.”
From the looks of it, the new social shopping company is truly social. Quopons and merchants create unbeatable deals that consumers really want. “We only send out one email per day featuring one deal to our subscribers,” says Stan Eyler, CEO of Quopons. “They can buy the deal but in order for the deal to reach the ‘tipping point’ and ‘activate,’ a minimum number must buy the deal or it is ‘No Deal,’ which encourages buyers to contact friends about the deal through social media sites such as Facebook and Twitter.”
