Are Daily Deal Sites Dead? Not According to 5,000 Hairy Quebecers

by Techvibes NewsDesk

The buzz around daily deal sites is a far cry from what it was a year ago.

A lot of that has to do with the fact Groupon, the first and biggest web 2.0 daily deal pioneer, is currently worth about 20% of what it was during its peak on the public markets. The company's incredible failure scared off investors and entrepreneurs from the space, in many cases forever.

But that doesn't mean there aren't still successes, including here in Canada. Indeed, Tuango in Quebec just broke its own record for biggest daily deal in Canada (based on revenue generated from vouchers purchases).

In March the company produced more than $1.1 million in sales from a laser hair removal deal. This month they generated nearly $1.5 million from a similar deal (Quebecers must really like getting their hair removed by lasers), according to Group Buying Canada.

And this was not a national deal—the hair removal clinics, all 35 of them, are exclusively in Quebec. How much could Tuango, or another daily deals site, have generated nationwide?

Daily deals may have lost a lot of their lustre in 2012, but anyone calling them dead might want to reconsider.

Tuango Inc
Montréal, Québec, Canada

Tuango is a website that delivers unbelievable local deals to its members. Every day, we feature a brand-new and unbeatable deal on a wide variety of products, restaurants, events, and services in your area. By working with businesses and bringing them a minimum number of customers, we are able to provide the best discounts around. Customers get to save money and businesses get to garner a new... more

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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more

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