Marketing with Markdowns
Thursday, May 26th, 2011All the buzz about Groupon.com, Living Social.com, and more has created yet another avenue for online marketing. Facebook uses a news feed, Social Deals to send coupons and promote coupon sites, currently serving only Atlanta, Austin, Dallas, San Diego and San Francisco. Google is turning to email to promote it’s coupon and discount site, Google Offers. Zulily is a niche discount site aimed at mothers with babies and young children. The thing going forward with these sites is that there is so much room in the market, that some of these more niche sites will thrive. Rather than sifting through barbers and eateries as in Groupon, that cater to certain localities (which is great too, just different focus), these sites will cater to a more specific, non-local audience.
One such niche site is Markdown.com, recently launched by Glenn Beck. This site is different in that it will only offer deals from companies with values that are near and dear to Beck’s heart. For example, today’s deal is from Chocolate.com. Chocolate.com offers products not from a mass wholesaler, but rather from small business owners all over the country. Beck’s vision for the site is much like his usual dogma “Value and Values”. He willonly promote sites on his Markdown.com that have the values he thinks are worthwhile. Therefore, he is able to reach a very niche audience who will appreciate his efforts, and will in many cases want to support his causes. In this particular case, it happens to be small chocolatiers from all over the country. Not a bad first choice – everyone loves chocolate, and most people in the country want to do all they can to help bolster small businesses. This site is different, enough so that WebProNews contributor Chris Crum posted the About Us page. I think it’s worth reading, so I would suggest you hope over to read all of it, but I’ll post part of it here just so you can see what I am talking about:
“To put it simply, we believe that we can only be a great company if we are a good one. That means being good to our employees, our partners and our customers. It means making the right decisions, not just the easy or profitable ones. But, most of all, it means being the kind of place that we’re proud to say we work at; the kind of business that we’d want to do business with ourselves; and the kind of company that we’d be excited to send our own family and friends to.”
That’s valuable. I think it’s important to do business this way, and honestly, I will look to support this kind of site more than any other – it’s the way business should be done, and it’s the way we do business here.
Marketing on discount sites such as these will continue to be a trend. Since women are the main shoppers, and so many have started shopping online in the last 10 years or so, they are going to expect coupons and discounts. Whenever we go to buy something online, I know I search for a coupon code or wait for some discount first. The ability to target your audience, through niche or location, or a combination of the two, is going to become more and more important, and a great way to drive traffic to your site.
So, have you used a discount site to market your product or service? How’d you do? Would you do it again?





