Groupon: Collective Shopping For Cool Discount Deals

Groupon is a cool collective shopping website where you can get deals on interesting stuff like restaurants, spas, gym sessions, skydiving and other activities or events. Everyday it features a deal on something to do in a city and offers huge discounts (up to 50%. 60%, 70% off ). But, the catch is that the deal becomes valid only if enough people sign up for it.

Here is how the site works:

• Check the site on a daily basis and see if there is something that interests you.
• If you see something you like, sign up for it and add your billing information. You will not be charged unless enough people sign up for the same event.
• Once the required number of people have signed up, you get a coupon.

The video below explains it pretty well:

Features:

• Group buying website for deals online.
• Features deals on stuff like restaurants, spas, gym sessions, skydiving and other activities and events.
• Deals become valid only when enough people sign up for them.
• Users charged only when enough people have signed up for the deal.
• Share deals with friends.
• Currently available only in United States (not in all cities yet) .
• Check out recent deals.

Check out Groupon @ www.groupon.com (via emilychang)