The deal-of-the-day concept has been an effective business model for many companies for years. Despite of all concerns daily deal and group buying websites still exist and expand their business horizons. Just like in any other industry some deal market players can not stand the competition and leave this business. At the same time, many of them survive and grow their income. Gaining success requires hard work, discipline, persistence, creativity and a certain portion of luck. However, the fact that some daily deal companies succeeded is a convincing evidence that others can achieve success in the deal business as well!
“It is wise to keep in mind that neither success nor failure is ever final.” These words of Roger Babson, who was an entrepreneur and business theorist in the first half of the 20th century, are still relevant in today’s business world. Single companies and whole economies may pass through an infinite sequence of ups and downs. Whether your business is on rise or in recession, this will not last for ever. Similarly, the group buying industry was booming in 2008 - 2010, then began to slide in 2011 - 2012... Nobody knows for sure what is the next twist in deal market trend, up or down?
The internet has become the central information hub and a common meeting ground for the inhabitants of all corners of the Earth. It’s a place where the trivial day-to-day things and the global events take place. The digital world offers endless opportunities for exchanging ideas and sharing opinions. However, the Internet is not just a place for communication. The Web is also a huge marketplace which gives the ability to realize your business dreams and it is home to millions of online businesses - bloggers, media resources, online auctions, eCommerce stores, daily deal websites and many many more.
Sometimes attitude is more powerful than reality. Starting and running any offline or online business is a complex and time-consuming task. E-commerce is as ruthless and challenging industry as any other kind of business. Both success and failures are awaiting online entrepreneurs. Whatever you do - operate an online store, launch a deal of the day website or develop software solutions for ecommerce sites - be positive and do not let failures break you on your way to success!
