What’s Happening Now in the Digital Coupon Space

June 10, 2011


There’s a ton of buzz about what’s going on in the deal site space right now. In short, Groupon now must show their financials in order to go public.

Groupon confirmed its plans to go public this month, raising an estimated $750m on the US stock markets at a price that could value it at potentially over $20bn, according to analysts. The company will become the latest social media firm to go public, adding to a highly competitive new technology market.

Consumers and merchants alike see the benefit to offering on-going or daily deals. Studies are proving that the lasting effects include customer loyalty, customer retention, and new customer acquisition. Daily deals and on-going deals also prove to be a better method of managing marketing in a digital market and allowing merchants to give the customer the deals they desire through on-going communication. Analytics built into online coupons and mobile coupons also offer result tracking like never before.

The companies that are set to take advantage of this new market place are those that have a model built for sustainability. In short – the Groupon sales/employee weight and the national marketing expense coupled with the end user acquisition cost is heavy. Compared with the Forkfly model, which is light, nimble and based heavily on merchant to customer communication and retention.

As Local Media Insider Alisa Cromer writes, “Don’t cede your DMA to GrouponNow (or GoogleOffers) in the locational deal store/coupon space. The locational coupon and certificate store space is still up for grabs. Forkfly, can, at least conceivably, be launched in 30 days, because most of the technology is already built. It also has a nascent national network, which is better than launching alone.”

From 2006 to 2009, the proportion of digital coupons among all coupons redeemed increased from 1% to 10%, while newspaper coupons fell from 63% to 50%, according to data from NCH Marketing Services. With digital coupons on the rise, customers are looking for a fully integrated digital solution, and who better to offer them that than the publishers.

While Forkfly is not a daily deal centered business (Only 7% of our revenue) we have put the time and attention to build a platform that utilizes the relations of the publisher/media companies. Forkfly utilizes the wholesale platform, merchant to customer communications and retention in real time, and hundreds of free and every day deals for end users.

The frequency of more and more people buying and using Smart Phones means more people are consistently “plugged in” and the success of daily and on-going deal platforms is sure to only increase. The real question for merchants and publishers is not if you’ll sign on, but when and with whom.

Forkfly’s new iPhone app is live!

July 8, 2010


(Not an iPhone user?  We promise we’re working on versions for your phone right now!)

Finally!  Forkfly’s new version is now live in the app store!  So what’s new?

(Please note that we’re still adding merchants from 1.0 daily.  It’s a manual process, so please keep checking back!)


Results Page: First you’ll notice a completely new interface.  All of our merchant listings now include a thumbnail view so you can easily spot them in the future.  Access merchant info directly or tap ‘Map View.”


Map View: Want to see what’s around you?  This view allows you to zoom in, move across town, or just browse whatever you like.  Tapping on a pin brings up a link to that merchant’s Forkfly profile.

Profile Page: Tapping on the merchant’s logo brings up more photos.  Tapping the map pulls up a full screen version and allows you point to point directions.

You’ll notice there are three tabs:  Profile, About, and Deals.

Profile:  This gives you the basics.  Tap the phone number to make a call to the business.  The “Web” buttons include direct links to the merchant’s Facebook, Twitter, and web page.

About:  A description of the merchant, written by the business owner.

Deals:  Our favorite part!  See below…

Merchants can now create up to four offers, including very special one time use deals!

Coupon Screen: To use a Forkfly offer, double tap the coupon.  You’ll have two hours to use it.  Ongoing offers will ‘reset’ the next day (in other words, you can use it again), while one time deals will show ‘redeemed.’

Care to share?  Tap the Facebook icon on the coupon to spread the word!

We have updates in the works and we appreciate your support and feedback!

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