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A lot of people clip coupons these days
and many buy in bulk
in stores like Casco or Sam's Club
but now you can get the benefits of buying in bulk
without the bulk!
A new website offers deals on a wide variety of products
if enough people think the price is right.
The company has offered everything from acupuncture
to teeth whitening to wine.
CBS 2's Kristyn Hartman has the story of the high tech alternative to the coupon
It's called: the GROUPON.
Calling all coupon cutters!
You have a new way to save and you won't find it in the paper.
It's online and it's called GROUPON.
Groupon is a combination of the words: group and coupon.
Coupon because the site offers up a deeply discounted good or service
It's one a day!
Aaron here... OK! Hi Mum!
...promotes the daily deal with a little creative writing.
"Franklin wanted the turkey as our national bird
And as I eat this turkey sandwich I'm thinking, 'word'
Man was a genius, have to tip my cap
Now everybody bust a move and do the Franklin Tap."
I was just freestylin'.
So say you're inspired to buy up the bargain.
Right now it's a bike tune-up for half-off.
You only get the discount and you're only charged if a set number of other people snap it up too.
That's where the group comes in.
Word of mouth is it's key.
It's kinda like that old shampoo commercial..
One person tells two friends...
then they tell two friends...
and so on and so on and so on...
Okay, so how is this a win- win?
This is a win - win because we provide customers and businesses with what they want.
Businesses want a lot of new customers...
and customers want a great deal.
Addicted? Uhm... I might be a little bit.
Erin Carr gets a groupon about once a week.
They come up with some really creative things that I would never even think of...
and when it's presented to you it's so cheap...
it's fun to take advantage of.
She's brightening her smile for 189 bucks instead of 600.
and a family portrait is costing her much less than what it would have...
which makes you wonder how business are making any money on it.
It's all in the customer traffic generated.
They will be coming in and telling other people about our stores.
We've had a lot of calls already.
So there you have it.
There's a time limit on the daily deal
when it expires it's done.
But you have time to redeem the groupons...
subscribing is free...
there are now more than twenty thousand groupees...
who have saved more than $ 320.000 collectively since the site went online in November.
The most popular item today: a $ 17 Kobe Beef Burger that buyers got for five bucks.
That is a bargain.
I know people are wondering what was that commercial for...
I think it was Faberge Shampoo
It was... Okay... I remember... I could remember the shampoo...
Thanks, I appreciate... Thanks Kristyn.
You can find a link tor GROUPON at cbs2chicago.com just click on beat the economy...