Voucher codes such as Groupon, Wowcher, Yo Yo and many more have seen an unprecedented increase in business over the last two yeras, with sales increasing ten fold due to tight purse strings and bargain hunters. Voucher Codes became popular because you can get great deals for breaks away, products and places to eat, with some discounts upto a huge 80%.
With the UK’s purse strings tightening people have had to cut back on overall excess spending on luxury goods, however websites that offer Voucher Codes have seen a ten fold increase in the amount of business it has seen since the start of the recession.
Voucher Codes work like this, an offer of the day will be given on any number of websites across the UK and USA offering a good or product at a discounted rate, however there will be a limited time offer and also a limit is placed on the amount of products that are available.
With Voucher Codes increasing in popularity it is no wonder that companies such as Groupon take upto 50% of the products value in return for a front page Voucher Codes offer of the day or week.
A recent deal showed that you could receive a refurbished blackberry for a 50% discount, then groupon will then take their cut of the sales that are given on their websites day to day.
The idea is a very simple yet effective recession proof business model and the sales are only set to increase as the popularity of the voucher code websites increases. With deals being sent via email, text and through TV and radio advertisements it is no wonder that many product based, or travel businesses are using Voucher Code websites to keep their businesses alive.
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