The world has seen innumerable transformations in all hemispheres during the last couple of decades. With globalization of internet services; today, everyone can have access to an infinite ocean of information on every conceivable topic there is. Consumers now have the power to choose from a never-ending list of service providers, sellers, manufacturer, etc. with a few clicks of their mouse. Even though the continually changing virtual world has proven to be of immense help in letting us meeting a number of our worldly requirement, the best was yet to come.
Most of us are aware of how web 2.0 platforms such as social networking, social bookmarking, discussion forum, blogs, micro blogs, and the likes have revolutionized daily living as well as business operations. Lately, a number of daily deal websites offering social deals on a wide variety of consumer products have also come up. These sites offer fresh discount deals on a daily on items ranging from wrist watches to LCD TVs; laptops to perfumes; gaming consoles to office supplies; in a nutshell, pretty much every man-made wonder we use in our daily lives.
You must be wondering how these daily deal websites are different from the conventional online stores promising discount deals. Well, the answer is quite simple. As already hinted earlier, the only thing these websites demand from you in order give a remarkable discount on the products on offer is just being socially active on the webosphere! As unbelievable as it may sound, these websites actually offer you some fascinating price cuts on the exhaustive range of products on offer for having a robust presence on social portals; however, obviously they don’t do this without a business interest.
Social deals websites offer an extremely cost-effective marketing platform to manufacturers, marketers and sellers.
Instead of wasting huge sums of money on mass advertising, such businesses are able to reach targeted customers directly by using these daily deal websites. This is because the discount given on a given deal relies on the number of people you share it with. The formula is simple; share more to get a better discount. Though this varies from site to site, buyers can share the deal on most notable social platform such as Facebook, Twitter, and the likes.
This is how these websites function; when you buy a product from these websites; instead of charging you the amount instantaneously, these websites take your card details and give you a certain date to promote the deal and earn discount points. Upon the arrival of the decided closing date, you are given a discount as per the number of people you have shared the deal with, while the remaining is debited from your financial account using your card details. This way, websites offering social deals are able to promise a win-win situation for everyone involved in the deal.