6/08/2011

In This Sector, Groupon Is A Terrible Deal For Merchants (GRPN)

Image via WikipediaIn This Sector, Groupon Is A Terrible Deal For Merchants (GRPN)
Only 1% of Groupon customers become long-term merchant customers, and Groupon could have a 90% merchant churn rate, internet entrepreneur Dylan Collins writes on his blog.
He got that data from a friend who runs Phorest, which does booking software for beauty salons in the UK and Ireland. "Whenever a salon in the

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