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Who doesn’t like coupons? With these slim economic times, people are trimming their budgets and looking for new ways to save. I recently saw a show on TV that highlighted a lady who doesn’t buy anything without a coupon. She would literally buy $100 worth of food at the supermarket and walk away paying only $20 after all her coupons were counted. This is an extreme example but it got me thinking about coupons.

Groupon.com is a relatively new site (founded November of 2008 in Chicago) which displays 1 coupon per day, per city. Its like Steepandcheap.com or woot.com, but for local deals in your city. The deals are only in 17 cities for now, but if you live in one of these cities it is definitely worth checking out.

It is not like a traditional coupon which you can print or cut out and use to get a discount. It is a structure that encourages group participation in order to buy in on the deal. From their website, here is the basic explanation as to how it works:

  1. Each day we feature something cool to do at an unbeatable price.
  2. You only get it if enough people join that day… so invite your friends!
  3. Check back the next day for another awesome Groupon!

The concept is great, allowing businesses to promote specials and attract new customers, while providing locals with killer deals. Because the deals are so good and varied, it keeps people coming back day after day. You can also receive email alerts every day so you don’t miss out on a deal.

Check it out at: http://www.groupon.com/

Here is a screen-shot of a restaurant example from the New York City edition today:

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Another screen-shot shows a really good fitness deal today in Chicago…..

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Following are the cities featured on Groupon:

Atlanta – Austin – Boston – Chicago – Dallas – Denver – Houston – Los Angeles – Miami – New York – Philadelphia – Phoenix – San Diego – San Francisco – Seattle – Tampa – Washington D.C.

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