I came across this question “What do Small Business Owners think of Groupon” on Quora (the user-generated online question and answer site) recently. The responses offered an interesting perspective. Most of us have views that favour the social shopping sites because we tend to believe that the discount coupons help consumers save money. For the merchants, we think that the coupons ensure some revenue.
The crux of the Quora thread questions the benefits of social shopping for both consumers and merchants. With social shopping sites, consumers are now expecting bargains every day. From an economic perspective, the consumers become extremely price-sensitive, choosing to only purchase at heavily discounted prices. Read more
This article was contributed by the team at Ideas.Inc, an annual business competition organised by the Nanyang Technopreneurship Center.
To most of us, watching anime or reading manga is just a past time, and beyond dressing up in our favourite character’s costumes, and collecting memorabilia, there really isn’t much else to do. But Sylvia Yao and Wu Di, both manga fanatics and gaming enthusiasts, decided they had to do something manga-related to fill the void that the growing social gaming scene had left behind. Read more
This article was contributed by the team at Ideas.Inc, an annual business competition organised by the Nanyang Technopreneurship Center.
The Einstein that you are has drafted the perfect business plan loaded with forecasts and good vibes. You have a good feeling that this is gonna work because you have spent more than what it is usually required in carefully conceptualizing and researching on your business idea. Yet, there’s one thing left in order to kick the inertia. No prize for guessing the F-word. That’s right – FUNDING. Read more
Groupon has announced the launch of Groupon Singapore, Philippines, Hong Kong and Taiwan through the acquisition of daily deal sites: Beeconomic (Singapore and Philippines), uBuyiBuy (Hong Kong) and Atlaspost (Taiwan).
The terms of the deals have not yet been disclosed. Read more
Following the boiling hot Groupon Clones scene in Singapore, Southeast Asia deal aggregator, All Deals Asia, started collecting data since August 2010. They are now tracking 15 daily deal sites in Singapore.
This Part 2 article is the concluding piece to the previous part about the performance of daily deal companies in Singapore.
Below, you can find an updated Performance Chart and a ranking review of the various companies. Read more
Filed under Contributors Corner, Featured, Retail, WebTags: AllDealsAsia, Beeconomic, BigDeal.sg, daily deal, DEAL.com.sg, Dealpulse, group buying, Groupitoff, Groupon clone, groupon clones, LiveOffCoupon, StreetDeal, Tip-it, VoucherWOW, YouDeal
Daily Deal websites, or more infamously known as ‘Groupon Clones’ have taken the world by storm since December 2009. The world has rode on the ripple effects of Groupon’s runaway success and the deal-a-day scene has since mushroomed all over the world either via Groupon’s own brand name or more often by clones touched up with local flavour and understanding of its own market.
We hear that in China there are 1000s of clones and counting, so how about our very own South-East Asia bloc? Read more
Filed under Contributors Corner, Retail, Special Commentary, WebTags: AllDealsAsia, Beeconomic, BigDeal.sg, daily deal, DEAL.com.sg, group buying, Groupitoff, Groupon, Groupon clone, LiveOffCoupon, StreetDeal, Tip-it, VoucherWOW, YouDeal
During Singapore’s Prime Minister National Day Rally speech for 2010 a few days ago, he spoke about the need for more foreign talent. In the realm of entrepreneurship and with encouraging foreigners to come here and set up businesses, Singapore has made itself very business-friendly and continually woos incubators and successful entrepreneurs to move here.
While we have spoken to many foreign entrepreneurs who did run startups in Singapore (here and here), British entrepreneur and investor, Hugh Mason who relocated to Singapore full time with his young family back in January 2009 recently wrote a piece with certain takeaways that foreigners might want to be aware of when coming to Singapore. Read more
Australia Radio National recently did a radio program on e-books at the Brisbane Writers Festival. Of the four panelists, only one actually owned an electronic book reader. A number of benefits were cited of e-books, including convenience of purchase, lower book prices (especially compared to the prices of printed books in Australia), and better access from rural locations.
However, the overall impression was that printed books and traditional bookstores will continue to exist for some time. Read more
What the modern marketing manager goes through when tasked with executing on a “social media” strategy… Read more
When I left university in 1999 my first job was at a small software company in the UK. There were five of us and most of the time we worked from home in different cities. We had what would now be described as an agile approach to development and created some great software that we sold to enterprise customers. We worked hard but also had fun. However something didn’t feel right.
Somehow it felt like we were cheating. Read more
