Transcript of SMX East: Doing Offers Right
- 1. Doing Offers Right
Jim Moran | @jdmoran
SMX East: Thursday, September 15
- 2. Today
Whats the state of play?
Is the market sustainable?
Why should I care?
Who should I work with?
What do I do?
- 3. State of play
- 4. New Multi-Billion Dollar Industry
- 5. The Daily Deal Stack
Daily Deal Sites
MERCHANTS
CONSUMERS
Vertical Deal Sites
Publishers
White Label
Optimization
Merchant Services
Data
Exchanges
Aggregators
Consumer Services
Merchant Agencies
SOON
- 6. Sustainable?
- 7. High Repeat Rate
43% of daily deal merchants in May had run at least one prior
deal
- 8. High Merchant Satisfaction
Data from Yipit phone survey of SMBs who have completed a Daily
Deal in the last 12 months. 80 responses.Grouponsreports repeat
interest at 97% (grouponworks.com)
- 9. Breakage Rate 20%
Recent data on Groupon is consistent: (i) breakage of 10%
(TechCrunch, 8/14/10), and (ii) 20% redemption in month 1 and 15%
redemption in month 12 (Chicago Tribune 8/16/10).
- 10. Profitable at 19% Retention
Assumptions from industry research and Yipitphone survey of SMBs
who have completed a Daily Deal in the last 12 months. 80
responses.
- 11. Daily Deal Consolidation
- 12. Why should I care?
- 13. Its Big
$5+ Billion market that did not exist two years ago
- 14. Bigger Than Local Advertising
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- 15. Its The Future
Data from Yipit phone survey of SMBs who have completed a Daily
Deal in the last 12 months. 80 responses.
- 16. Best outlets?
- 17. Industry Leaderboard
- 18. Groupon vsLivingSocial
- 19. Google
- 20. Amazon
- 21. Best Practices?
- 22. Top Categories by Revenue Share
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- 23. Avg. Price Point by Category
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- 24. Deal Performance by Category
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- 25. Industry Revenue by Price Point
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- 26. Deal Performance by Price Point
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- 27. Optimize for Each Variable
Assumptions from industry research and Yipitphone survey of SMBs
who have completed a Daily Deal in the last 12 months. 80
responses.
- 28. Thank you
- 29. Thank You
Yipit.com/data
@YipitData