Want to save money while sitting at your computer? Click and print out cost-cutting Groupons, online coupons offered daily from a group collective that uses the power of group buying to pass along drastic savings to consumers. Each day, the site (www.groupon.com) features different products and services at unbelievable prices—providing enough people log on to take advantage of the group deal.
Groupon started in November 2008 as part of The Point, a platform for collective community action. By the first week of December 2009, the group claims to have saved more than $39,000,000 by selling upward of 900,000 Groupons to the public.
Groupons are a boon for businesses, too, which report huge bumps in profits and often sell out of featured products within minutes or hours.