Savored.com offers a win-win situation both for patrons and restaurant owners. Patrons enjoy not only a discount, but also the discreet system--there are no print-out coupons involved. Restaurants, on the other hand, benefit from filling empty tables and keeping 100% of the profits.
Whereas a website like Groupon can potentially harm a business by flooding them with unprofitable customers, Savored has altered this business model and created a profitable opportunity for each restaurant involved.
This article describes the successful model more in depth:
http://allthingsd.com/20110621/savored-is-a-groupon-competitor-that-feeds-off-merchants-fears-about-groupon/
Savored.com
2 comments:
This is such a great idea! As great as groupon is with restaurants, it's always such a hassle to print out and bring the coupon and the waiters/management always seem annoyed with this. I can't wait to sign up and check out the restaurants they're offering - a nice and affordable way to expand the palate!
This is really interesting. I think that over time we will be seeing more and more sites like this one, which present businesses with terms that aren't as unfavorable as those given by Groupon.
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