How a company that uses a website like groupon calculates the minimum items they need to sell?
I have the intention of giving a try at one of those group buy like businesses that you can get prepared for you and start selling in your neighborhood or village. I understand, how the hold idea works, but i am confused with, how to design the offers. I will explain:
This is how the interface for creating deals of most of the sites of this type look like:
What confuses me is:
-how can i know what is the minimum orders that this deal needs to pass? -How can i calculate that? Lets take the parameters passed bellow as an example.
Marketing Sales Ideas Business
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"This is how the interface for creating deals of most of the sites of this type look like" - Is there meant to be a picture here? – Garet Claborn 10 years ago
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Are you asking for how they calculate the: "When this deal reaches x number of buyers it will be available" type thing? – dylankbuckley 10 years ago
1 Answer
Go talk to a merchant that you think would be interested in offering a deal. Your carrot to them is: "I can bring you X customers". With X being a somewhat impressive number. The tradeoff is that you have to ask for a significant discount (the deal). Then it's your responsibility to promote the deal and deliver on your promise of bringing those X customers.
How big does X need to be? The merchants' reactions will tell you how large it needs to be. If they don't care, your number is too low.
