Daily Deal Sites Flood the Market
Article about the host of new 'deal & bargain sites' coming online in Australia.
"PBL MEDIA'S daily deals website, Cudo, has launched into a crowded market but competitors appear unfazed at its entry, saying they know the market better and are more nimble than the media group.
There are already 12 Australian operators modelled on the US group buying site Groupon.com, offering discounts of up to 60 per cent on anything from massages and meat trays to movie tickets and hotel rooms. Deals are activated once a minimum number of customers commit to the offer. Whether there will be that many still standing in a year is questionable.
Fresh from raising $US130 million ($142 million), Groupon is expected to arrive in Australia and the world's No. 2 player, Living Social, plans to set up in Sydney "in the future"."
Rest of article here:
http://www.smh.com.au/technology/technology-news/daily-deals…
The article would have been far more useful if it had actually listed the 12 existing sites!
But I suppose bringing too much attention to the competition isn't really the purpose of a teaser.
http://www.ozbargain.com.au/wiki/list_of_group_buy_sites
I count 11 on our list.