I’ve been an online group buy participant as long as the World Wide Web has been a viable tool of commerce. Heck, I picked up one of the very first DVD players at a steep discount on uBid back in 1998 and did time on Paul Allen’s Mercata before they folded in early 2001. As far as I can tell, solely focused group buying branded sites never really went mainstream. Woot’s probably come closest with a large draw amongst of geeky and their $110 million exit (thank you, Amazon). Mercata once proclaimed “The more people who buy, the lower the price.” And even if most sites featuring that particular hook haven’t found long term success, the trend is in full effect as large retailers such Best Buy and Amazon demonstrate on a fairly regular basis.
As ZNF readers know, local, but still online, group buying has taken off in the last year via Groupon and LivingSocial. Yet, for me, it’s been a mixed bag. Instead of actually buying physical merchandise, these sites essentially sell coupons or vouchers to local businesses. In my experience, most haven’t been conveniently located or particularly compelling. But we’re always on the lookout for a deal, and have purchased three dining-related Groupons in recent months.
First off, the lack of instant gratification has been an issue… because, beyond cyberspace, I’m not the most organized. Specifically, I purchased a $50 food and beverage voucher for $25 (to Vinifera Wine Bar & Bistro) and forgot to put it to use before it expired. The other two Groupons were to Chicken Out, a local chain similar to Boston Market. The first dealio was redeemed with no problem, just beating the expiration date. But the second experience was kinda bizarre. Much like Groupon’s Super Bowl commercials (above). Continue Reading…




