I was picking the brain of a restauranteur for insight into things like Groupon. He confirmed what we all understand in the abstract: that these deals are terrible for the businesses that offer them; that they draw in nomadic deal hunters from a vast surrounding region who are unlikely to ever return; that most deal-hunters carefully ensure that they spend just the deal amount or slightly more; that a badly designed offer can bankrupt a small business.
He added one little factoid I did not know: offering a Groupon deal is by now so strongly associated with a desperate, dying restaurant that professional food critics tend to write off any restaurant that offers one without even trying it.
So-called "job creator" acknowledges that he lives in a society and owes a debt to it, as a response to (seemingly in agreement with) a satirical Job Creator Manifesto published in the Washington Post. [more inside]
posted by univac
on Oct 6, 2012 -