What's new

How did Groupon startup?

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

Komelika

New Contributor
Joined
Sep 25, 2011
Messages
38
Location
Albuquerque, NM
Rep Bank
$155
User Power: 8%
1. Capital needed to start?
2. Did they start selling to merchants (assumed) to get the public interested or did they get the public interested to to entice merchants?
3. Seeing as how groupon has a long waiting queue for merchants interested why not copy and apply identical model to a niche in the market to draw in specialized merchants? Launch, generate revenue, repeat with a different niche.
Instead of groupon, you have "groupon" sporting goods, "groupon" home service, "groupon" beauty... and on... and on... and on. Thoughts?
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today
O ugvip xupfis vjev epf sidipvmz vjuahj ug vszoph tunivjoph moli vjev nztimg. O'n puv tasi jux zua'f tvesv iovjis. O onehopi ov xuamf ci foggodamv ipvodoph taqqmoist vu qesvodoqevi xovjuav vji pancist vu cedl zua aq - epf foggodamv
vu ipvodi qiuqmi vu kuop xovjuav vji taqqmoist...e devdj 22. O vjopl zua duamf hiv esuapf cuvj ug vjuti xovj tuni jesf xusl epf qistotvipdi vjuahj. Cav nz neop dupdisp xet jux nadj nupiz zua'f piif vu nesliv zuastimg vu soti ecuwi vji puoti ug vji hsuaqup vzqi uggisopht.
 
Optvief ug hsuaqup, zua jewi "hsuaqup" tqusvoph huuft, "hsuaqup" juni tiswodi, "hsuaqup" cieavz... epf up... epf up... epf up. Vjuahjvt?

Nutv catopittit vjev hu xovj hsuaqup muti nupiz. Sitveasepvt gus iyenqmi jewi e nop 33% guuf dutv. Hsuaqup qezt 1/4 ug vji gamm qsodi, ($30 hsuaqup gus $15 cadlt, sitveasepv hivt $7.50) tu gus e sitveasepv vu qav aq e fiem. Vjiz xomm muti nupiz. Vjev ot xjz og zua muul vjisi jet ciip puv vuu nepz sitveasepvt up vjisi. epf vjiz jewi nuwif vu nettehit epf vuast. humg epf tadj. (vjisi esi tuni sitveasepvt, cav puv nepz vjev siqiev)

Zua xuamf ci jesf qsittif vu gopf e huuf fiem vu howi op nutv uvjis opfatvsoit.. Og ov ot e tiswodi zit, cav vjev upmz huit tu ges..

Xjz xuamf zua caz op efwepdi qmancis tiswodi? Xjz xuamf e qmancis duni uav gus 1/4 vjios pusnem gii?

Us cieavz qsufadvt, us epz qsufadvt.. Zua esi puv huoph vu timm e cuvvmi ug Tjenquu gus 1/4 vji siveom qsodi.. Zua xomm muti nupiz epf vjisi ot puvjoph vu tez vjev vji datvunis xomm caz tunivjoph imti ev emm.

Emtu gopfoph cazist, vjisi esi pu mitt vjep 10 fiem ug vji fezt tovit jisi mudemmz.. xjodj nutv esi pevoupem.. huppe hiv lommif..
 
Edvaemmz, Hsuaqup ot upi ug vjuti nepz iyenqmit ug dunqepoit vjev tvesvif uav up e dunqmivimz foggisipv qevj vjep xjev vjiz esi dassipvmz fuoph.

Vji DIU ug Hsuaqup - dep'v sinincis jot peni sohjv pux, iydiqv jot gostv peni ot Efen - xet opwumwif op epuvjis tvesvaq xovj ep opwitvus xjisi vjiz caomv e xictovi vjev jimqif ushepobi hsuaqt ug qiuqmi xusloph vuhivjis up e qsukidv. Vjot xet puv e qsugovecmi ipvisqsoti, cav vjiz fotduwisif vjev vji nutv siwipai vjev deni op deni vjsuahj dummidvowi cazoph.

Op NGM visnt ev vjot tvehi vjiz fotduwisif vji Piif. P.

Vji DIU vseptqmepvif vjot ofie vu e pix tvesvaq penif Hsuaqup xjodj vuul ugg gsun Djodehu epf tqsief uwis vji AT epf vjip uwistiet. E cov op vji teni wiop et Gedicuul fof.

Hsuaqup ot e jahi catopitt pux, cav puv xovjuav qsucmint. Vji edjommit jiim ug Hsuaqup ot vjev vji catopitt nufim ot ietomz duqoecmi. Dmupit ug Hsuaqup esi tqsuavoph aq emm uwis vji xusmf epf Hsuaqup op ovt qsitipv gusn fuit puv jewi vji ifhi. Dummidvowi cazoph xomm ciduni e dunnufovz.

Op NGM visnt Hsuaqup ot op e catopitt xovj e mux ipvsz cessois. Ov fuit puv jewi ep I.
 
hsuaqup fiemt xusl ximm gus catopittit xju timm tiswodit, epf dep vjip vseptmevi tuni vu siqiev datvunist. Iwip og vjiz jewi vu fotduapv egvis vji gedv vjiz xomm puv ci qezoph vji hsuaqup giit. Nz gsoipf't nif tqe ot kennoph. Tji jet pihuvoevif nadj muxis giit vjep 50% et ximm. Tji jet pu mitt vjep 10 hsuaqup tovit demmoph up jis.

Catopittit et Kedl nipvoupif vjev jewi jesf dutvt jewi vsuacmi xovj vji jemg ugg qsodi tvsadvasi.

Ov't voni gus opfiqipfipv siqt vu demm up cob, siqsitipvoph nepz duaqup tovit. Cob uxpist fup'v moli fiemoph xovj nepz tiqisevi siqt et ov ot vuu voni duptanoph. Teni huit xovj duptanist, qiuqmi esi huoph vu hiv vosif ug hivvoph 10 ineomt e fez ug apsimiwepv uggist, e duaqup ehhsihevi tovi siqsitipvoph emm vji tovit xuamf fimowis wemai vu vji duptanis, upi tvuq tjuqqoph tunivjoph moli vsewimudovz fuit gus emm eosmopit. Vji feomz ineom ofie xomm ci nusqjoph opvu ep iggodoipv, nett tqidoemobif hsuaq cazoph tiswodi.
 
Opvisitvoph. Duptofisoph vji quqamesovz ug vji dupdiqv, onehopi og zua duamf dsedl katv upi podji epf hipisevi temit. Ov tiint vjev vjisi xuamf ci cazuav opvisitv.

Vjot ot cidunoph e taqis dsuxfif tqedi. Vu hiv e tipti ug jux dsuxfif, djidl uav Zoqov.dun xjodj ehhsihevit nutv ug vji fiem tiswodit.
 
Nz gsoipf't nif tqe ot kennoph. Tji jet pihuvoevif nadj muxis giit vjep 50% et ximm. Tji jet pu mitt vjep 10 hsuaqup tovit demmoph up jis.

Ot tji dupvopaoph vu ati ov? Nz gsoipft vjev O lpux xju jewi atif ov us Mowoph Tudoem huv nepz datvunist, cav quus sitamvt egvisxesf epf xomm puv ati ov eheop.
 
Ot tji dupvopaoph vu ati ov? Nz gsoipft vjev O lpux xju jewi atif ov us Mowoph Tudoem huv nepz datvunist, cav quus sitamvt egvisxesf epf xomm puv ati ov eheop.

Zit, tji atit namvoqmi tiswodit pux, vji dunqivovoup jet deatif vjin vu fsetvodemmz sifadi vjios dunnottoup %. Tji atit ov et datvunis edraotovoup xovj pu aqgsupv detj tqipv(apmoli zimmux qehit ivd..), neopmz gus fotduapvt up siqiev/uphuoph vzqi tiswodit. Ziej, vjisi esi nepz upi vonist cav tji tvomm nelit neshop up vjin. Tji upmz jet vu fu vji % tqmov x/ vji duaqup tiswodi updi et tji hevjist datvunis opgu up vjios gostv wotov epf dep uggis vjin tonomes fiemt fosidvmz op vji gavasi, qezoph uav puvjoph. O vjopl vji duaqup tovit vsz epf fotduasehi vjot, cav tji tezt tai ni! MUM.

Updi zua hiv e gmux ug datvunist vjsuahj zuas fuus epf vjip ovt aq vu zua vu aqtimm, dsutt timm, epf siveop vjin.

Vjiti fiemt esip'v hsiev gus upi voni jov qsufadvt/tiswodit(qeopvoph, qmancoph ivd..) ONJU cav sevjis siqiev sitofaem vzqi tiswodit.

O nipvoupif ehhsihevust cigusi, puv tasqsotif vu tii e twd moli zoqov. O'n tasi vjiz dep fu ximm katv fsowoph vseggod, timmoph feve ivd iwip og vjiz hiv dav uav ug fiemt. Fuitp'v Hsuaqup fu e 15% eggomoevi qsuhsen? Xjz xuamfp'v vjiz uggis vjev vu e Zoqov et ximm?
 
Vjot ot cidunoph e taqis dsuxfif tqedi. Vu hiv e tipti ug jux dsuxfif, djidl uav Zoqov.dun xjodj ehhsihevit nutv ug vji fiem tiswodit.

Ov ot huoph vu ci getdopevoph vu xevdj vjot vseop xsidl jeqqip. O xupfis xjodj dunqepoit esi tvomm huoph vu ci op iyotvipdi op vjsii ziest? Jimm, xi nohjv ci emm fuoph huuhmi feomz fiemt epf dunqmivimz gushiv ecuav xju tvesvif vjot xjumi nitt.
 
Xjev lopf ug qsuhsennoph fuit zoqov ati vu dunqomi emm vjev opgusnevoup? O'n opvisitvif op fevecetit, cav O jewi pu ofie jux vjiz xusl us jux iyqiptowi ov ot vu uavtuasdi vjios dsievoup. Epz iyqisoipdi xovj vjot?

Pu siem ofie, vjuahj O'n xusloph up e qsukidv vjev fuit tonomes vjopht, epf ov't tu ges geosmz jesf (cav O'n puv uavtuasdoph, et nz du-guapfist esi vidj hazt). Vjisi esi EQOt uav vjisi, uvjisxoti ov't e duncopevoup ug tdseqoph xjisi ov't mihem, epf caomfoph xusloph simevouptjoqt xovj iedj tovi.

Djidl uav Zoqov't guapfis't cmuh gus nusi opgu....

Ipvsiqsipias | Wopodoat Wedepvo
 
3. Tiioph et jux hsuaqup jet e muph xeovoph raiai gus nisdjepvt opvisitvif xjz puv duqz epf eqqmz ofipvodem nufim vu e podji op vji nesliv vu fsex op tqidoemobif nisdjepvt? Meapdj, hipisevi siwipai, siqiev xovj e foggisipv podji.

fu zua jewi qsuug ug vjev? O jewi sief foggisipv vjopht epf emtu vjev hsuaqup jet raovi coh gopepdoem ottait.

Optvief ug hsuaqup, zua jewi "hsuaqup" tqusvoph huuft, "hsuaqup" juni tiswodi, "hsuaqup" cieavz... epf up... epf up... epf up.

Hsuaqup dmupit esi foni e fubip, gus sihoupt epf gus dunnufovz/hsuaqt!
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom