Hi daily deal hunters!
This is the last update of the year.
It’s definitely been NZ’s biggest year in the daily deal space with many new players entering and many exiting too. It’s a crowded, competitive space that for sure.
Here are a few tidbits to note:
- Group buying site TreatMe.co.nz (owned by Trade Me) launched in March.
- Groupy.co.nz sold to the Yellow Group
- The original daily deal site 1-day.co.nz dropped their entrance into the group buying market.
- The two dominant players, Grabone.co.nz and TreatMe.co.nz are both launching locations based deals accessible from iPhone apps, following on with what Groupon have done in the US. This will be an interesting space to watch with our relatively low population density compared with the States.
- Groupon.com (the guys that started the group buying idea) went public in the US in November with shares opening at $20. As this goes to print they are now trading at about $15 – Yikes!
Final thought – Has group buying has lost it’s roots and pulling appeal? The original idea of these sites is that a certain number of items must be sold for the deal to be ‘on’. If they didn’t reach this threshold, then no-one would get the deal. The clever idea was to get people to share the deal with their mates so the deal would activate. However now, you take a look at all the main players in NZ and across the world, 99% of these deals are almost always ‘on’ because the threshold is set so low. You could take away this component out and it wouldn’t make any difference at all.
Have your say on this in the comment section below.
Anyway, that’s it from me. Have a great safe holiday and talk to you again in the new year.






