Groupons are supporting the lifestyle of Josh Stevens for a year. The Groupon challenge is a dare the online coupon company made earlier this year. Groupon put up $ 100,000 to see if someone was willing to survive off nothing but Groupon coupons for a year. Stevens took them up on it. Travelling the country chasing Groupon bargains for his basic needs, he’s about a one-quarter through living his life as the “Goupawn”. In Stevens’ Groupon lifestyle, life’s basic needs have included carriage rides, yoga classes and plenty of food. Article resource – Groupawn tries to live on nothing but Groupon coupons for a year by Personal Money Store.
Groupawn blog chronicles a year on coupons
Former corporate auditor Stevens accepted the Groupon challenge in May and left his cubicle behind. He told CNN that he started with one pair of shoes, socks, underwear and a paper suit made of Groupons. Groupon gave him a laptop, camera, internet card and phone.Stevens cannot use or even touch money, but he’s supplied with online coupons that could be used for lodging, dining and buying. He’s allowed only five visits from family and friends, with each visit lasting less than a day.He shares his experiences in the Groupawn blog as he uses Groupon coupons to barter for sustenance.
Groupawn guy gains a following
Stevens gets a $ 100,000 windfall if he’s successful. The Milwaukee Journal Sentinel talked with Stevens last weekend.He showed up in the city as he went after another Groupon deal. The Sentinel said Stevens thought a lot more bartering on the street would be required as he traveled. He said individuals want to pitch in and help when he tells them about his adventures.He showed up in Milwaukee after pursuing Groupon offers for just a little more than three months in several United States of America cities including Washington D.C., Philadelphia and New York.
The Groupon business model – buying in
Groupons are daily deals offered by local merchants sold on the company’s website. The site offers Groupon deals in more than 165 markets in 22 nations to 11 million subscribers. When a certain number of people purchase, within the deal becomes valid. If the quota is reached, buyers get links to print out their Groupons. If the sales quota falls short, the offer is pulled. Buyers aren’t charged for trying to cash in.
Groupons can bite the hand that feeds
The riches produced by the Groupon business model are so tempting that more than 500 imitators have sprouted up online. But selling Groupon coupons can go haywire for an unprepared business . As reported within the Tribune, many Chicago merchants have been swamped by a tide of Groupon coupons. A bagel company in Chicago sold a Groupon coupon for $ 3 good for any item up to $ 8. Local subscribers to Groupon snapped up $ 10,000 coupons. After splitting 50 percent of the revenue with Groupon, the standard deal for most businesses, the bagel shop netted about $ 15,000 for giving up $ 80,000 worth of food.
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CNN
cnn.com
Milwaukee Journal Sentinel
jsonline.com
Chicago Tribune
chicagotribune.com
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