Brian R
Member
Ok, I said I would post my actual numbers so everyone can get an idea of what Groupon is all about.
Obviously it's not going to be the same for everyone or every company.
Overall....I somewhat satisfied with the numbers. I know I could have done more. I feel I've left some money on the table at a few of these jobs. But that's how I always feel so I don't necessarily think it's a "Groupon" thing.
Anyway....Here goes nuthin
This is a quick post for the numbers...and then PLEASE read the explanation before you attack...I'll try to explain the best I can.
• Groupons Sold 82 (2 were returned from the original 84)
• 44 Groupon invoices done by the end of March 2011
• $9419.25 in total invoices (including Groupon's cut)
• $214.07 job average
Explanation: The Groupons listed WERE NOT only groupons sold...they were also people who called and scheduled because of Groupon, repeats, referrals etc. I listed everything under "Groupon" because I wanted to see what this campaign would generate.
Hope that makes sense.
BUT...if I were to give Groupon's cut to EVERY invoice listed (44)...Their cut would be $2,200.00.
I would say about 15 of those Groupon invoices didn't give a cut to Groupon...but I really didn't track that very well so I won't speculate...I'll just leave it at $2,200.00 for shits and giggles.
So I "spent" (I never paid Groupon anything upfront) $2,200.00 to make $9419.25. I did about 75% myself (which an owner operator could do 100% of the jobs him/herself) so you can do the math on what I brought home before other overhead...because I give my subs $40.00 to start the job and then 50% of anything extra. It's a bit of a mess to give you real numbers.
I've still got about 40 more Groupons to do...and about 4 tile jobs this week and next from the campaign.
I will admit that from experience, the longer they hold the Groupon, the less likely they are to spend more when you get to the job. I guess it's more from "let's get this over with" than anything else.
The only issue is Groupon is really pushing the "refund" policy to sell more at the beginning. SO people who may have buyers remorse are more likely to get their money back from Groupon.
I really don't know if I get my cut of that...but I think I do...yes even if they return the Groupon..
I'll have to check into that.
Did I leave anything out? Probably a bunch but I just wanted to get the basic numbers out first.
Any questions?
Obviously it's not going to be the same for everyone or every company.
Overall....I somewhat satisfied with the numbers. I know I could have done more. I feel I've left some money on the table at a few of these jobs. But that's how I always feel so I don't necessarily think it's a "Groupon" thing.
Anyway....Here goes nuthin
This is a quick post for the numbers...and then PLEASE read the explanation before you attack...I'll try to explain the best I can.
• Groupons Sold 82 (2 were returned from the original 84)
• 44 Groupon invoices done by the end of March 2011
• $9419.25 in total invoices (including Groupon's cut)
• $214.07 job average
Explanation: The Groupons listed WERE NOT only groupons sold...they were also people who called and scheduled because of Groupon, repeats, referrals etc. I listed everything under "Groupon" because I wanted to see what this campaign would generate.
Hope that makes sense.
BUT...if I were to give Groupon's cut to EVERY invoice listed (44)...Their cut would be $2,200.00.
I would say about 15 of those Groupon invoices didn't give a cut to Groupon...but I really didn't track that very well so I won't speculate...I'll just leave it at $2,200.00 for shits and giggles.
So I "spent" (I never paid Groupon anything upfront) $2,200.00 to make $9419.25. I did about 75% myself (which an owner operator could do 100% of the jobs him/herself) so you can do the math on what I brought home before other overhead...because I give my subs $40.00 to start the job and then 50% of anything extra. It's a bit of a mess to give you real numbers.
I've still got about 40 more Groupons to do...and about 4 tile jobs this week and next from the campaign.
I will admit that from experience, the longer they hold the Groupon, the less likely they are to spend more when you get to the job. I guess it's more from "let's get this over with" than anything else.
The only issue is Groupon is really pushing the "refund" policy to sell more at the beginning. SO people who may have buyers remorse are more likely to get their money back from Groupon.
I really don't know if I get my cut of that...but I think I do...yes even if they return the Groupon..
I'll have to check into that.
Did I leave anything out? Probably a bunch but I just wanted to get the basic numbers out first.
Any questions?