So it was confirmed last week: Google intends to launch Google Offers and directly compete with Groupon. Did we expect anything less from Big G? And if they were willing to spend $6 billion to buy the company, rest assure they are willing to pool together vast resources to build a noble competitor. This was perhaps an inevitable outcome as Google penetrates deeper and deeper into monetizing Local Search. This kind of friendly, or not so friendly, competition bodes well for business owners, online advertisers as well as shoppers. And EZlocal is excited about any opportunity that allows small businesses to further build their local presence, increase sales, and interact in more meaningful ways with their community.
There are still plenty of unknowns in how these daily deals will be rolled out. There’s no question Google is well positioned to roll Offers out. Whether it’s via Places, AdWords, or a hybrid of their Offer Ads beta is TBD.
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Just a year ago Groupon, a deal-of-the-day website that uses collective buying power to offer steep discounts to its local subscribers, was in only 20 cities and expressed their hopes “to reach 1 million email subscribers in the very near future.” Today, Groupon is in 88 U.S. cities, has over 13 million subscribers and is valued at more than 1 billion dollars. Is your head spinning? Well, it should be, as Forbes magazine dubbed Groupon “the fastest growing company ever.”
It might also interest you to know that, 11 months ago, Groupon was recognized at the 2009 Chicago Innovation Awards as one of the ten most innovative companies base... [Read Full Article]