Tuesday, May 10, 2011

Couponed Out Yet?

Extreme Couponers is on TV. A million group coupon emails are in your inbox. Stores you "like" push incentives onto your Facebook wall. There's a coupon just about everywhere you look these days!

Why now? What's the trend all about? A new generation of consumers, who no longer subscribe to print papers, are discovering coupons for the first time through other mediums. Bloomberg values Groupon's IPO at $15B - $25B. To maintain that value Groupon will need to evolve - consumers are already experiencing coupon fatigue, and only 10% have actually purchased a group coupon. People are still vary of jumping down an internet rabbit hole chasing after a coupon - it's a little more sketchy than flipping through the Sunday paper coupons.

As companies accrue more and more data about us, the offers will become more specialized and the targeting will be fine-tuned. But are you really getting a discount(meaning real cash value) from the coupon offers that appeal to you? Or is this just advertising dressed cleverly in sheepskin? After all, you're not saving money if you're buying something you didn't plan to buy in the first place.

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