Where does all that revenue come from? (I'm not in the US so I don't use the site). Forbes is reporting $500mm annual sales.
Boston, for example, has a deal today for 150 * $15 meals at a restaurant.That's $2250 revenue for a day or about $800k for the year. Assuming there are about 30 large cities in the US thats $24mm annual revenues.
Even if the average deal size (item price * count) is FIVE times that its about $110mm annually.
Also kind of tough to scale when the USP is ONE deal a day right? I mean will this work with two deals a day?
Multiple cities, and you're looking at a small deal. For instance, the recent GAP deal for $25 - sold 20,000. At $12.50 (50% margin), that's over $200k for one day.
Go back and look at recent deals, 150x$15 is quite small. In my city there was one for 1189x$110 this month. That's $130,000 in one day in just one of 250+ markets.
Boston, for example, has a deal today for 150 * $15 meals at a restaurant.That's $2250 revenue for a day or about $800k for the year. Assuming there are about 30 large cities in the US thats $24mm annual revenues.
Even if the average deal size (item price * count) is FIVE times that its about $110mm annually.
Also kind of tough to scale when the USP is ONE deal a day right? I mean will this work with two deals a day?
What am i missing?
Thanks.