35 Burst results for "Groupon"
"groupon" Discussed on The Voicebot Podcast
"Right. Now the company, you sold with zappy, is that correct? Yes. Yeah, that was that was a fun one, not ten years old. That one happened very quickly. And that was quick. You required by a groupon when they were buying everybody that were the pulse. And everything, everything that was somewhat big and that could help them, either take over new geographies or fortify their tech stack. So we were the latter. We made a payments infrastructure product that made it possible for them to get visibility into all the merchant transactions that were happening in their network and then eventually beyond their network. And there's some stuff in common with that company in terms of theme when I work on today. I really like messy system problems where you have to figure out some way into the legacy system and maybe not completely replace it, but get deep enough into it and understand it well enough that you can make it work a lot better from the outside and payments and communications have a lot in common and folks that remarked on that. Those commonalities before and ten years into grid space. Commonality between payments and conversation? In communications. Our communication just in general. Yeah, I got it. Because the datasets, because the systems that move money around. And the systems that move, audio around today are not exactly great. And there's a lot of things that we want to do on top of the payment rails, and there's a lot of things we want to do on top of the existing copper communication rails. And it takes some serious creativity to figure it out, sort of working with those constraints. Yeah, that's interesting. Working with constraints. Well, when I think about the idea, the similarity between the two is they need a lot of they need to be able to handle a lot of transaction volume, concurrent users, all those things and scalability that are probably the biggest in communication and payments. I can't think of another space where it's more. Yeah, totally. And you know, the big thing for us when we worked on the payments company and now working on communications technology is the fundamental part of payments, just moving money back and forth. I mean, it's taken some time. But it's going to zero. It's not going to cost money to move money around. And we're already there with communications that really doesn't cost much money to have a phone call with somebody or to talk on video. And the value and the opportunity and the excitement is on those. Those services that exist on top of that connection and it took some time with communications for those services to come to light and you see that happening today with payments still too. So it's cool when the original sort of capability becomes fully commoditized and then the opportunity is to bad value on top of on top of that first act..
"groupon" Discussed on The $100 MBA Show
"Or especially with a deal site like gap sumo who has literally over a million subscribers on their mailing list or groupon with millions. And I know for a sand because I've done deals on both platforms. And I'll share with you if I would do it again. But first, let's address what are the factors you need to consider before deciding on doing a lifetime deal. And the first and most important factor is your costs. If you're ongoing costs, when you give a lifetime deal, you're basically saying I will take care of this customer for as long as they live. Or as long as you live, whatever comes first. So if you have reoccurring costs, you have to factor this in. Whether it's a software you're going to use to host your trainings or your courses, whether you are selling a lifetime deal to software and there's a cost to running that software for that user. Even if that cost is very minimal, know the costs, so you can calculate an ROI. You may think, oh, it's nothing. It doesn't cost me anything to serve a customer. You might think, oh, it cost me like 25 cents a month to serve a customer on my site. And if that's the example we're going to use, 25 cents, over 20 years, is $75. So if you sell your left deal, let's say, for $75, you're going to break even on your 20, and then you're going to be at a loss beyond that. So as little as you think it's going to cost you as much, do the math. That leads me to the second factor how much you're going to sell this lifetime deal for. This will allow you to see your ROI. How much money you're going to make on each customer, the lifetime value of the customer. Third, are you able to support? I'm talking about customer support and influx of a lot of new customers given how lucrative and how tempting this deal is going to be, especially if we're going to put on a platform that has reached like groupon. Because if you have poor customer support because you just don't have enough people to answer all the support tickets, it's going to reflect poorly on your brand and your business is going to create a bad reputation that you can not reverse. It's very hard once people start talking bad about your customer service.
"groupon" Discussed on Code Story
"He was very young, Todd Larson was always interested in tech. However, he ended up studying audio engineering, so he found his way to tech through teaching himself how to code. Outside the tech, he's a father to a 5 year old daughter and a musician, which both things occupy his time outside of this business. Having gained fantastic experience in the advertising space at groupon and then it digit, he learned how to execute on longer term initiatives, but balanced with fast delivery on top of strong foundations. All of this experience was hard fought in as he started consulting, he thought, how can I scale myself? This is the creation story of tech leaders. You know, my background is, you know, I started in the advertising space, so building lots of products quickly and advertising. It's all about kind of short lived apps and stuff that are like campaign based. And so got a lot of experience of how to build quickly and build the right thing at the right time to move fast in the advertising space. And then I went into the product world at groupon. That's where I kind of learned how to do longer term operations and how to really maintain things over time at scale with lots of stakeholders and that sort of complexity. How to effectively manage what are some of the traits of particular leaders in the organization that got the most done. I took that forward when I joined digit, which is one of the FinTech financial health companies that was kind of earlier in the space. They just recently got acquired by opportune. I was there for almost 8 years and helped to go from nothing, no monetization model at all to about a hundred people when I left and over that time I had to learn a ton more about how to get first versions of product ship to production, how to integrate those in, you know, all the typical things you'd expect with a fast growing startup. And I had to learn the hard way. And it took a long time to really just build all that from scratch. Since I left digit, I've been doing a lot of consulting for various early stage startups. And across the board, they're always looking for this sort of early stage founding engineer, CTO, whatever you want to call it, that first technical perspective, it's going to be able to make the right decisions early on to set a strong foundation for the startup. And so what we've done with tech leaders is actually clone myself, essentially. So my answer, these people is like, I can only do so much at one time. So how can I scale what I've learned is that early stage startup, founding engineer, to be able to help other companies do it a lot faster and do the same thing. One way to think of it is AWS and Heroku. Made it so startups didn't need to spend a lot of time standing up new servers and managing all that. It became kind of click of a button, infrastructure out of the box. We want to think of it the same way as that for the engineering orb. So helping staff the team immediately with a kind of consistent, healthy engineering, culture that we know works, you know, specific ways of working, kind of a modified agile, methodology. All these things that you kind of take for granted at a bigger company that is honed over a long period of time, we can stand that up for companies right away to make sure they can ship really good products a lot faster. You know what would be interesting to ask this question because typically I'm interviewing sass founders or software creators that which you are, but it's not exactly what you're doing here, but I'm gonna ask, tell me about the MVP for tech leaders. You know, that first version of what you have created. It'll be interesting to ask this too. How long did it take you to build and you know what sort of tools did you use to bring what you have today to life? The MVP really started with me needing to scratch and itch after leaving digit. I wanted to just build something from scratch all over again. And so I kind of went back to basics of like, what is the best technical stack? Best in class right now. And that's something that over the course of my career, consistently stayed on the edge of what are the best technologies to continue building into bet on for these companies that are going forward. I started with just like building a new micro sass out of this stack. And so that was a lot of fun because the goal was to just launch that and get it to generate revenue as quickly as possible. So I hit a $1000 MRR and 30 days of launching it. That was kind of the spark of like, oh, I could lead this one product, but what if I could do many, many more. So I started to take on clients to help them bring their MVPs to life as quickly as possible with a really good tech stack. This kind of all the best practices that have been learned over time. At that point, I reach kind of a max saying like, okay, I can only do so many of these at a given time. Now, how do I clone myself, so to speak? And do that through training and recruiting, starting with just people in my network who are other really great technical leaders that I know that were CTOs and other early stage startups. That could help come in and kind of continue to build out. It's like productized engineering is the best way to think of it. When you're building any sort of MVP, right? Or any sort of first version of product process or team, you got to make certain decisions and tradeoffs about what you're going to start with, right? Tell me about some of those you had to work through and how you coped with those decisions. Decision making is one of the key things that we pride ourselves on, and I think a lot of people talk about making good decisions, but not a lot of clarity about what that actually means or what that looks like and how to do it on a repeatable way. And so I think for us, it's about looking at all the various inputs to a decision and then also understand what are the consequences and outputs of the options. What that looks like is to give you an example is a lot of people skip straight to the how. And they just dig right into how they're going to solve a problem and make decisions about what's the best hat. But they're skipping over thought and discussion around the why and the what. And so those are much more critical to consider as inputs to the decision because it will drastically change the how. This is like kind of our framework that we use and teach people that join us as tech leaders and something that goes into how we're able to make these good decisions by really anchoring everything into the business case. One of the biggest problems is when engineering veers away from product or business, if it's not tightly integrated always. And so this decision making framework really keeps that tight this episode is brought to you by stitch. As a developer, there are certain things you can expect to loathe when spinning up your solution. One of them is use authentication. You've got to build the same thing you've built ten times before. In a secure seamless fashion. You need a better way. You need stitch. 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"groupon" Discussed on Ben Greenfield Fitness
"Just love weaving that concept into those early teenage years. Now what about what about the next milestone? I'm gonna jump to that before I got a comment on that. My biggest fear as I go through this is people think they've got to do what we did or me or you or whoever else please don't do that, I beg you don't do that. You gotta get your values and build this around what you're valuing, otherwise you're just supporting something you really don't want to prop up in the first place. So it's just vital that you pick your values before you engage this stuff. That makes sense. Okay, 16. 16 is when my son's take accountability for their own future. And they basically shake my hand. I'm a hardcore entrepreneur. And so in our home, we're talking not about the sports scores. We're talking about how to dissect markets and structure companies. And so we had a little bit of a cheat code here, but my sons commit to me that they weren't asked for anything anymore. I helped them build a business and from that point forward my sons pay for our family vacations. Yes, they pay for family vacations. And we dinner. They pay for their own college. They pay for their own mission service. They pay for their car when they get done. And you're aware of it, but my three oldest sons all built $1 million businesses when they were in high school. This might be a little bit of a, I think he's called a rat hole. I'm gonna go with a cuter animal and call it a rabbit hole. But how is it that tell me tell me about one of these businesses that your children launched and how you actually fostered the development of them being able to freaking like pay for their own college, which in many cases is unheard of these days and so is teenager having a $1 million business. So tell me a little bit more about that. So I guess the first comment I'd make is is everyone has opportunities available to spend their sons into this stuff. If you're a chiropractor, there's things that are taking place that you can actually have your kids get into and enable it. And yes, the reality is I did cheat code. And I bet my kids have been building businesses since they were like kids. My youngest son had built like 7 or 8 of them. He had his college admission paid for by the age of 9 years old. And so he didn't want to build another business actually the studio I mean, that was his project as a 18 year old kid. He was charging a couple $100 an hour to like 40 year olds to do studio stuff. The concept is to get a life skill. So I think that as parents, we do get to hand hold that and bring that along. And so I did. I was involved and engaged. I think you'd ask me what one of them was. Is that what you were asking? What is one of these businesses that your children started? Well, I could go through a whole bunch of them. The first one was how to tie it well, first one, but one of the menu was how to tie a tie. We were doing a work keyword research, and we realized that the fourth most how to typed in the world was how to tie a neck tie. And it wasn't that terribly competitive, so my sons gathered their resources. I required them to pay for it with their own money. And build a website on how to tie neckties. They ended up ranking number like two in the world on how to tie a necktie, which yielded 30,000 page views a day. Another was just simply arbitraging coupons right in the middle of the crash of 2008, 9 ten. They started building little coupon websites. Pizza coupons. And milk coupons and all sorts of coupons would drive traffic to those websites and then people would come in to get the coupon, they would partner with living social or groupon and take them out for 5 bucks a lead. So it was just basically a 5 buck machine, and that one, yeah, that one did a little too well, which does present its own set of problems. I'll tell you when you're high school student is making more than the superintendent, the principle and half the faculty combine that creates a whole new stick that is sticky wicket that probably is for another problem. But you do teach your kids about wealth management. I think you use like a jar concepts from an early age, yeah. That's exactly right. That's exactly right. We have them divide into four and then all transparency. I didn't have entitlement problems with my kids, but some of their friends that were working for the company, they got a little bit too fancy pants, so at one point we decided that the company is not maintained when they turn 18 the business gets killed, head cut off, shut down and donate all the excess resources back to charity, typically the first one that they went to when they were 12. So that they have to be their own man. They don't live off of that and they start over. So yeah, I kind of hit three threads there, but interesting reality is is the very thing we wanted to void. We could have created and I'm a strong believer I want my sons to be their own man. I want them to be my peer, I believe every son must kill their father, blah. I just want in the form of basketball games or frisbee golf or something, not in the form of a business. Show that they're equal man. Every sudden has the need to show their man, hey, I'm my own man. And I think it's tremendous damage. And again, my value, my opinion, but I want my sons to walk in the door and hug me and kiss me. And want to play Minecraft with me and be my peer, I don't want to have my thumb over them when they're 21 25, 30, 35, that can happen with wealth if you're not careful. This idea of a business that a child or an adolescent builds that can somewhat be informed by seeing what their own parents have done is often underemphasized because we no longer live in an era where let's say a son might a company his father to work, where he would help his father, whatever, you know, shoe horses or blacksmith, a sword, you know, the type of things that children used to go and a company their parents on to learn a vocation because now the world is at your fingertips. You can be anything you want to be. You're.
"groupon" Discussed on The $100 MBA Show
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"groupon" Discussed on The $100 MBA Show
"The footer and use the links to find their email or contact and reach out to them. They'll find the right person to get to you. Their whole bread and butter, their whole business is based on deals and new businesses and new products and new services. So you're not going to be ignored. But you need to present yourself in a way that you won't be ignored, where you say, hey, this is my business. This is my product. I'd love to be on groupon because XYZ, here are my credentials. Here's what other people say, here are my reviews. Here are my mentions in media. This is a time to boast. To show your best self. You also want to mention why this would be a win for groupon. Why do you think group on needs your product in their marketplace? What's in it for them? For example, if you're on an indoor miniature golf center, and you notice that, hey, group on, you don't have any golf or miniature golf deals in my local area. There is zero competition on your site when it comes to this product or service..
"groupon" Discussed on The $100 MBA Show
"So many amazing deals on groupon, because the business realizes, hey, groupon is getting me customers. And I might not see that first interaction with my customer that first exchange as a profitable one, but now I'm building rapport and hopefully people will come back to me. Now, there are some businesses and products that actually do make a profit through the group on deal. After groupon gets its cut. Speaking of cut, let's talk about how groupon structures the deal for the merchant. You and a representative from groupon will negotiate a deal. They will take a certain percentage of the price that the customer pays. Groupon is collecting all the money and then they'll pay you out. Things might have changed since I ran the groupon. But it's about 60 days out when you'll get paid. So say, for example, you're running a deal that is $50. Groupon is going to collect the $50 from the customer, and they're going to take a percentage of F $50. That's the rate you're going to negotiate with groupon. It could be 30% 40%, 50% depends on a lot of factors, and things change all the time. But let's say it's 50%, that means groupon is going to collect $50 from the customer, take 25 and give you 25. Now part of being on groupon is having an exclusive deal. Like a groupon doesn't want you to be on their platform if you're not going to give a really good deal that they can only get on groupon. So if you're selling your product on groupon for a minimal discount, it's not really going to make waves and groupons really not going to be interested in listing your product or service. They want a wow deal. So what many businesses do and this is what we did, they create a specific version of their product or service that's for groupon. Let's say you're a dentist and you.
"groupon" Discussed on The $100 MBA Show
"Hey, welcome to the $100 NBA show because your business needs you at your best. That's why we deliver daily ten minute business lessons for the real world. I'm your host, your coach, your teacher, Omar is at home. I'm also the cofounder of webinar ninja and an innovative software company. I started with my cofounder back in 2014. And in today's lesson you'll learn all about selling your products and services on groupon. Whether you're a physical business selling products and services like a restaurant, a spa, where an online business selling digital goods and services, like online courses or coaching, groupon might be a way to reach the masses. In today's episode, I'm gonna walk you through the process of getting your product or service on groupon. What are the pros? What are the cons? Can you actually make some decent dough? Is it worth the effort of putting your product in promoting it on groupon? I'll be sharing my own experience of putting our.
"groupon" Discussed on No Agenda
"Prime minister of the united kingdom johnson. Boris johnson boris. Boris boris johnson. Be serious one. The now is the end. We have the ideas we have to take you. We use day device say groupon to host cities party coupon to miami party coupons. Thanks andrea coupon group. The world's great cj's lost groupon pipe topless group chew cows technology school cyclist macos just corporations in the the this jeopardize the food supply. Lucas swore digital clock nation will end as we very much to all of us. This ought to be good. People believe what they see with their own eyes. They believe the truth. And they're not going to be gaslight anymore but to white houses planted knock you workers at american companies. Hit a snag. Saturday yellow respect at all times basically shouting to the world. I'm unclaimed next. Because american families are upset with the control i have no responsibility for the current pandemic. And what you've done is changed definition on your website to try to cover your ass. Basically gain of function very nebulous term delta burien trump in other words junkin Same disease but spreads a lot faster the weirdest and most surprising new story of the day arousal critical race theory which is a real turn the suburbs fifteen points all across the country democrats. These people need to go to detox. Inertia of framing too many issues in terms of race and it just continues to divide us white. Parents don't like the idea of teaching about race. If this were a movie you would have walked out by. We don't have leaders who actually respect the american people. Don't have free today. It's not gonna find a lot of you probably heard the chance. Let's go brandon all over the place. You guys keep sending a garbage out. Yeah at this point. they're dangerous. They're dangerous to our national security. He stupid won't what pursuit of cds employee's our backs new history. We'll figure that out moepo dot org slash and this is all completely news to me..
"groupon" Discussed on Good Life Project
"So there's a lot that we as humans are experiencing and settling with every single day, and I don't think but of people are trying to eliminate it. They're just trying to bury it and hide it. Yeah, I think that's so true. And like you said, when you're moving so quickly, you don't have the time to actually let your mind process so many truths. Your reality. And I think sometimes we say, yes, to living at that pace. Inadvertently, you know, and we'll blame it on oats the job. It's this is that it requires that. And yes, sure. Maybe maybe part of it does. But part of the reason we said yes to it, knowing that that would be part of the process and part of the experience I think deep down sometimes it also we kind of know that we won't have the space to sit with our stuff. If we say yes to this, and if that yes goes on for years or decades and that stuff keeps building. It doesn't go away. And like you said, I've had a really similar observation. There's been a forest slowing down a forest paws, and a lot of people are really, really uncomfortable. And your observation that folks think, well, it is what it is. I screwed up. It's just no, no. You know, it was what it was. But that doesn't mean it has to be. Like, what it has to be. It means we're in a moment where you can either choose to step into it more intentionally or not. This is part of your methodology. This first part C likes to the C phase. You see your blinds much for the first time. And you have this opportunity to say, okay, so this is the bargain that I made up until now. But what would the bargain be that I'm going to make from this point forward if I had this opportunity to reimagine it? Which is a great opportunity, man. If people I want to get in people's hearts, climb in and let me unplug this and plug this over here for you. Let me clear this out real quick, I'll sleep this floor. Get light, man. Because the beautiful thing is, I think there's also this fear of if they go and do different things that are out of character, they'll be judged in a negative way. And the way I look at it is, it's like the guy who did something wrong and the person who he wrong, they want to keep shaming him, which I get. That person wants retribution, but the people in your life that may look at you doing something different like maybe you do decide to start working out, maybe a little heavy said and they want you to work out. They're not going to make fun of you when you do. And if they do, then they're not the people for your life, right? Because the people who love you when you start doing that out of character thing that's different than the identity of locked yourself into, man, the right people make your heart swell, they support they cheer they build they grow and you start feeling a different person quite literally. Here's what at the end of it all is. I think we're investment biased humans. We invest in something get a return. The thing has been investing in a bad stock. He was an invest in the wrong stock, man, and so that's the return on that thing is you've lost money. So go invest in a new stock. That's it, invest in a new area build that new brick house. Just go and invest because what happens is the more you invest in the actions that are out of character in a positive way, the more the return of this new sense of self comes to you. So it's never an end all man. I don't care what you've done or how you've done it or what's gone on, there is always people and there's always a place for you to actually build into positively. I love that. It's a possibility has never left the building, but even so often we think it has. This feels like a good place for us to come full circle in our conversation as well. So hanging out here in this container of a good life project. If I offer up the phrase to live a good life, what comes up? To live a good life, oh. Now at the end of my podcast, I ask a question and it's actually difficult and yours is amazingly difficult too, although it's so simple. I think to live a good life, it's to have more good experiences than bad. I think that's even like in my head the purpose of life because I don't know what we're supposed to do here, why we're supposed to be here, but I do know that everything's an experience. And so for me, I think if I can create more good and yes, it could be relative for a satanist to be good to go and murder goats. I'm saying in the collective view of the norm of what's good for people. I think it means just having more good experiences like spending more time with loved ones. I don't care who you are what you do. The best and worlds part of this world is people. So experience both to juxtaposes each other, right? But man, like everything we do should be in my opinion done with humans, with people, and that human could be you sometimes by yourself. It's okay. But I think there's I think if you can create more good experiences with great people, it fills up life. It has way more event horizons, those moments where you recall, I think there's not enough of them for people's life. I think that we have we've solidified our brains out of this little pattern I go through and that's it. And then I think that's life, and it's not, because if you can do the same thing for ten years, it feels consistent and great. But if I asked you on the 11th year, tell me about the last ten years. They meld together, because you didn't go and do enough event horizon different nuanced things with different people and experience the craziness of this amazing world because we now more than ever have the ability to do it no one could be for. We could go and see the places we have on pictures in our schoolbooks for a couple bucks on groupon. Go hit a flight man, go see the world, go talk to people, go up and go connect. Humanity has never been able to do this before. And so they live in a good life as experiencing more good than bad..
"groupon" Discussed on Two Girls One Mic: The Porncast
"Which means that they don't have to go through like the testing to see like what is actually in the plastic of putting yourself which is dangerous so i do kind of recommend that people go brand name but also like there are like so many good companies that do but you are to shell out like for a really good. Like medical grade like silicon. Like dolo like you're gonna look like eighty two hundred dollars but you'll have it for a really long time. You know it'll be safe. It won't fuck with you. I mean it's the same with the hitachi. I'm on my second tachi right now. Like the real branded ones. And i mean i accidentally left it on my bed one time and the plastic casing kind of melted in a little warped but it still works fine. Bit of a fire hazard but it works fine. I just make sure. I unplug when i get out of bed have melted a couple of sex toys in my lifetime unintentionally and it is really disappointing to be fair in this case. I didn't even do it. I had it in. My bed plugged in under the covers. Didn't really think about it because it usually lives there anyways. Because i'm single and by myself so you know that's my little boyfriend lives in my bed. And then think about my dog had jumped onto the bed and was like lancashire likes later in the afternoon and i was running around the house like cleaning doing whatever and awesome. His and i smelled burnt plastic. And i'm like with fuck. And i go into my room. Hear it louder. And i pull the covers back and it is hot like the plastic handle has warped like my bed is i mean if i had let it go if i didn't notice it within thirty minutes probably would've certifier terrifying absolutely terrifying sex toy ones house and experience. Where did you say you had a sex toy. Ones as if like yeah. It says it was one time in my lifetime. I've ever had a sex toy. Yeah so girl. Loves dayton at the time was going off to boot camp. So i figured i'd get a toy a saw something special in groupon and it was this robot thing like you fit over it and it does everything also cool so i get. It didn't fit. And so it's kinda realize i just wasted three hundred bucks. I really curious. What the fuck did you purchase. It was like you can suction cup it to anything and you put it about hip high or you just hold it and then you hit a button and it has a thing that goes inside of it that can spend can go back and forth goes up and down so it can be like oh i can do all sorts of things and they got smart flashlight. Yeah it's got like ten different modes on it and shit. I've applied for becoming a groupon merchant before in the past and they're not accepting new merchants. Which is really knowing but the standard regardless is really low in general so going back to product safety and what testing a lot of products do when the import. The answer is very little to none and you can make a lot of it. Fun fact so for example like when i first started. So we'll have a whole cray online just for shits giggles. Because that's the thing. I have in my life when i started researching. What do i need to do to make this happen. There were certain things that i realized. Oh hey if i buy a ton of cran packs. They have in the corner in the smallest possible fund. Like they had these markings and i was like. What is this you google. And it's like oh you have to send you a cranston like this laboratory to be tested. Do they ever check if you do that. The answer's no no so. Can you fake compliance.
"groupon" Discussed on The Unofficial Shopify Podcast
"Lowest lifetime value customers. Just looking ltv east to call this. The groupon affect remember that years ago. Yes yes yeah like a ton of people in and then they'd probably go out of business is the groupon effect because you had the wrong customer. That's right that's right. And then the third thing. I'll mention is that it ultimately degrades the value of your brand right if you're sending consistent discounts to even the people that really do like your brand. They're starting to train in the back of their mind. They're thinking price really shouldn't be. What the average advertised price here is. I should never pay full price. It gives people pause reason to pause and not purchase. And then i think going further assuming that you've got competitors in this space like your drop shipper's selling similar goods and you're not stuck to a minimum advertised price policy. The discounting can also turn into a race to the bottom. Or it's like you're just turning over inventory at no profit in the hopes that like well. We're quite customers and later. We will monetize those somehow. That's that's exactly right. That's exactly right. And and those people again are. You're turning your loyal customers into price conscious customers and now it's just the race the race to the bottom is on and it's who can go out of business i we've established the issue with discounts. And i think for a lot of people like they're like we know. But what the heck else am i supposed to do. What do i do instead right right. And that's why we've really built bit gives the way we have. This is something that can be an alternative to a discount. Discount hasn't been disrupted in seventy eighty since it came into existence and probably hasn't been disrupted ever historically i coupon code is ancient sumeria. Are they on. clay tablets. Wonder yeah you got a better bargain on your barter deal than than than on a cash deal but yeah i think i think that on our side..
"groupon" Discussed on Racing Post
"I made a comment and analysis about officially went up and he came to me the next day. Would you go to gym bulge. Voice go didn't say very much but he came to me with to print attendants and said am my want to have a look at those. It was it was the analysis that i wrote about the host. I'm more i'm more say. In very clean words that he'd be that the money had gone to gone too soon. Fade away to finish of seven and he also the the the the comments and ruining which i don't i think brian let me get good levels. And both mortis read the same. Obviously thought i. I will take a look at thousand comeback to laze around three deserted brother. Be ours go. Rock wins the mood. Line just Sorry to try to totally. Yeah i i with jiro this morning by could be a very good horse date and although it is a massive step up to group one it looks to me to be a pretty winnable. Groupon snow lantern is obviously a huge dangerous. austrailia is not going to get to that Is not gonna get the ground that he wants it. I think it's probably going to be erased. Set up to for you to to kill them with speed at the end of these wants to take the baby. Lovely stuff gentlemen. Thank you very much just in lovely to have you back on the show. Do not leave it three years until we speak to you again. Jiro thank you very much. Indeed my friend. Great case fernando brought on by the way just some bookmakers roofing four places on that so. That's good isn't it. I did see that. Yeah that that's very tempting. Isn't it absolutely okay. Thank you very much indeed listening. Not he's back on monday looking back on election and looking ahead to what we've got next weekend which we will cover it in greater depth next friday because he champions weekend and the legislature. Stu join us for that. Do bet safely. Good luck have a great weekend..
"groupon" Discussed on The EcomCrew
"I'm on the bid one hundred and one dollars and then it's like one hundred and two when next thing you know maybe it's up to two hundred dollars to someone doesn't want to lose out on the deal was. Is it similar to that type of scenario. Yeah yeah that's right and the deal group on a fixed price deal right and the pitch is yes we we can sell thousands of these whereas on top. How do we sell them. One by one and it is at different prices but we give our merchants the ability to put the floor in there. You have a minimum price. The reserve price a lot of what we sell starts at a dollar and and we get higher prices as a result of getting people more engaged and you know people are setting alerts coming back and there's this competitive component to it as well but something. That is a little bit different is. There's no real advertised price so on group on. Yes it gets out there. It goes on some of these affiliate channels. I remember a big channel of ours at groupon. So it's like a slick deals where they advertise the price and then everybody flocks to it whereas this is selling et different price to every single customer for a chance to get that great deal and yes. Sometimes it's going to get up near full price or you're not going to get that great of a deal because there's so much competition on it and there's gonna be some lucky consumers out there that just happened to find it at the right time but the the pitch to the seller is the same. It's like hey you might take a little bit of a discount on this but we can still sell those items in a interesting. I'm i'm taking it that items. That have more of a wide appeal. Yeah probably do better than than some type of niche niche product. Yeah that's true and that's something you know that we're working on but also as part of our game and matching that supply and demand. It's really tough to do very specific products. You know if you think about a a small yellow tee-shirt shirt to auction off. We have to find that portion of the audience indirect their eyeballs to that to our feet and in real time so we have to find small customers that are interested in yellow and shopping for a t shirt versus having all sizes available and having it be Something that's more appealing to the masses. But yeah you're totally right Because i'm thinking something like that. Just mention earbud randomly but something like that would have a greater appeal than the the yellow forrest. Gump t shirt for some reason. That was coming to. My mind is have a nice day. Well although everybody agrees that they wanna have a nice day so that one might actually be okay as long as the sizes was such a classic seed from from that movie. Go ahead please. You are right in terms of like things. Like household items consumer electronics brands. And things like that are definitely the most appealing and we find ways to get get those products in front of users and especially the more expensive ones to elevate those and and get the right price points for our merchants as well..
InMobi Has Its Eye on Telcos, With Abhay Singhal
"I'm delighted to welcome obey single founder and ceo of imo. Be marketing cloud to the podcast. Talk about this fascinating company. And what where. It's where it's going next obey. How are you. i'm very well rosette Thank you very much for having me on your podcast yet. Thanks for doing it. So i thought maybe we could start with a minute on the origin story of in moby. If you will walk us back fifteen years. What was the first version of this company. Fantastic now this is It's it's been a long story and one that are incredibly proud to talk about the very first version of a mobile. Believe it or not. It started with being a sms. Search engine kind of group on before groupon became the thing. All we wanted to do is solve. The problem of discounts discovery for consumers using the sms on On on on the phones all pre smartphone era remember that iphone launched in two thousand six late two thousand six ali two thousand seven and since then the entire industry has changed. So yes that was very first version of moby which was guarded. 'em korge at that time. M for mobile and coach is a hindi word for search but since then it's it's an interesting interesting right nothing short of a
"groupon" Discussed on The Official SaaStr Podcast
"Well for the past few years. I want to pick up on something about startups in the beginning at. You've been part of a number of startups in you know that startups really finish where they start. And you haven't been shy about telling the story and kind of how the business evolved over the time talk a little bit about the early product vision and how. That's morphed over the course of time while i think we always had the same vision. Which is that. We wanted to be the primary financial relationship for millions of americans. The way that we got to that goal certainly evolved over time. You know when we got started those were the days when groupon was all the rage and deals and savings and and so we are sort of part of that trend. A little bit We thought that will first of all. There's a there's a massive secular trend over the past twenty years for people preferring to pay with debt. There's more debit transactions in the us than there are credit but the value prop around debit cards had not really evolved right all the sweet rewards credit card so we thought well. There's an opportunity if you had a debit card. That had great rewards. We spent a lot of time working on the platform to be able to facilitate that. What we found is that with a very very heavy rewards positioning. It was pretty good way to open at the top of the funnel. Get a lot of people to sign up but we weren't as effective in getting people to engage with us as their primary way to bank through our app. So you know we still think rewards are important but it's not sort of the primary value prop that it was in our earliest days. But we've evolved in really just focused on a suite of services that more squarely is addresses. The pain points equal have their banking relationship. And i think that's really that's really worked. Well for us is just simplifying. The message not trying to sort of real someone in with this value prop and then try to get them to do their banking through us. Just being very clear like. We think that we've got a better way for you to do your everyday banking and a set of value props that allow you to do that. When you get started with chime the competition was really incumbents and in fact most people had to be convinced that there is a market opportunity at all. And so i'm curious. How did you convince people that there was a real market opportunity and that the earlier failures that had come along in the market where isolated incidents and what was the path to becoming the market leader. That you are now well as you know first. Hand you right there arm-in-arm with us in early days. It was not an easy road. We were not the of the ball by any means. I mean think about two thousand twelve thirteen fourteen early days you know simple add a lot of momentum and they had a cool products and cool vision a lot of We have a lot of respect for what they were trying to accomplish. In in many ways you know a lot of what we've created is we share a lot of values with what they were trying to accomplish. But i i don't know you probably remember these companies like clincal and tilt and cards spring. No one cared about shot right. We had so many investor meetings and it was really hard. I think some of these prior attempts you know. I think the feeling was like well if they couldn't make it work. Why would these guys be able to make it work. I think you and some others largely just bet on a on a team that knew a little bit about the category and had some experience that was probably worth making a run at it but Yeah in general. I don't know this probably lots of reasons. Vc's don't necessarily feel the pain points that are members feel. I think that is a very real element. Having i think i can't tell you how many times i shared the fact that there's more debit card transactions than credit in america with vc. Who almost fell off their chair and had no idea that. I mean a lot of these guys think that it only works at the atm. Right to get cash. So it's hard to convince people that pay amex black cards that you know a no fee debit card and checking account with high yield savings said as a lot of automated features sale to get your finances in order is a is a thing that would be impactful important to a lot of people that that story just didn't really resonate from the early days so i think what we had to do is execute. We had to show that we could make it happen. We i did our series financing. We had close to sign ups. We had almost no one on direct deposit. You know the the recurring payroll the account. But we made a lot of progress on that over the years. And by the time we got to our sorta series see. I guess you could say it was very clear that the that the model was working. We had a highly effective funnel to not only get people to sign up. But then transitioned all of their banking services to us and at that point once we prove that that could work and if a unit economics worked suddenly there was a lot of interest in investing in the distance. Yeah i think it. I think i remember that pretty clearly like it was not obvious till it was and it was around that series. See and that's the point at which it became much more clear that you had the opportunity to be the market leader. Now you know you clearly are the market leader. I won't say beating the competition but you clearly are the market leader. How do you think about maintaining that leadership. What are the keys to that from your perspective for the company from any number of standpoints. Well first and foremost it's around creating a culture that people are on the team. Here are Amherst are really obsessed with solving problems for our members and particularly the most acute problems for for everyday americans which a lot of time just boils down to short-term liquidity making life a little bit easier helping him get through to the next pay period not nicoline diamond on things. Try to create an experience that fosters a sense of community in connection with your friends and your family and that sort of thing. So first and foremost it's it's designing products that are actually meeting the needs of the segment we serve. I think importantly for one thing that i think about now. Is you know when we hear accolades such as you've just shared which which we appreciate you know on the one hand that's great to hear and draws a lot of attention to the company on the other hand you know last thing want to get his Is hire a bunch of people that just assume that we you know we are the anointed Winners in this category. We're barely getting started. Where you are a rounding error on a jp morgan income statement at this point till We have so much more to do. So it's important for us to get a hire people that share the hunger and the passion and and the grind that we had when we were working on six th and folsom in the early days in a shared working space over there. So you know making sure that we're screening people who are authentically passionate about this mission in this opportunity and don't just assume that it joined chime 'cause 'cause we already one we feel like you know there's still a very long road ahead of us here. A lot of companies talk about being customer or in your case member obsessed talk a little bit about who the member is that you're serving because i i remember that being very unique in terms of how you talked about the market opportunity you're addressing even at the seed stage And i think it's been very consistent throughout the development of the company and then had his obsession around that member. Translate into.
"groupon" Discussed on Marketing Today with Alan Hart
"I mean there's a lot going on. you've got the time sensitive component. You've got a lot of different sellers so it's more it's a marketplace as well where you got like participation economy in your site was it born just naturally like it is today or was it was did have another construct before it is what. It is a little bit of an evolution. When jane started a again you can go back. We've been business about ten years when groupon right was really rocking it with a daily deal stuff. They started with with just a deal of the day and offering but in the fashion world. So you know it's like hey. We've got the shirt we've got two hundred of them get until they're gone and this is what we're selling today and tomorrow. We may have shoes tomorrow. we may have a sunglasses. Like whatever was which worked really well and was a great launching pad for them to get started but eventually In order to scale and grow right a marketplace in the natural fit kind of make that happen but what our customers love was that kinda shocked containment right the shop through discovery not necessarily research so if you go to a typical commerce site right you know what you're looking for you're like hey put in a pair of jeans going you look for the jeans..
"groupon" Discussed on Dateable Podcast
"I love it or just buy a new one in the right size since that would probably make more sense given the price of the whole ring but who knows when that will happen. I had told him before he proposed. Since we had talked about marriage that i would never want him to spend a crazy amount of money on of engagement ring. While this was in the context of people paying five to ten thousand dollars for one. Which i think is ridiculous but i guess i just thought the symbol of our everlasting love would be a little more significant. I feel like a jerk for being bummed out about. It would love some feedback. Oh my god. I mean i just kept thinking like maybe. It's not a diamond ring. But i didn't realize her finger green no no and how did she find out. He bought it on group on. I wonder if he confessed. Yeah he told her. This brings too big and it turns my finger green. Where'd you get groupon back to the jeweler. No no refunds groupon dish dish. Three sort of. That's insane you could feel bad about that. I wouldn't mind it. I don't hold any credence in that kind of stuff. Diamond rings or whatnot. Feel like it's all sort of arbitrary but you know people put their feelings into things like this the end of the idea of having a big wedding very important to some people. It's not something that i really care about but some people do and so if you have a nice engagement ring when you're living paycheck to paycheck might be like something that's aspirational and so that's where in my head. I'm thinking like just don't do it yet. Just don't get married yet if you don't have the money to get a ring and he's gotta go dumpster diving than it's like. Maybe you're not ready..
"There's so many different treatments on the market that we hear about. There's brazilian blowout. There's karen there is all plexus. We're going to have them on in two weeks. But like i think sometimes it's like They all are like doing something with the hair. And we see the picture where the hair looks like an angry So the shaft is angry and then it smooth and its moods Out of the category. And we're for that episode to air in in whenever it does because carlton smoothing treatments are in a category of their own. I won't tell you that they are all different they all Slightly shift your curl pattern whether have frizz curl tank or wave. That's all going to be affected a little bit. A lot of it all depends on how long process it in how how deep in your stylus goes in. you can talk to your stylist. About how straight you want your hair for a little bit of body or if you just want that for his to be gone and still keep your curl. All of those options are available for you today. Where before we just had straight right now we have everything in between right. The number one thing that i would share with you is do not do this on a groupon. We say this all the time about beauty treatments. This is another one because you never know what they're mixing in the back they could tell you one thing and then do the
Did America's CEOs Know About Covid Before It Hit?
"One of my listeners and patrons asked me a question about what I thought about Jeff Bezos stepping down from Amazon. I don't really know. I don't know, but it does follow with all the resignations of major brands that we've seen in the last year and a half. I know that last summer there had been like 1300 CEOs from massive corporations throughout the world that stepped down from their position in the preceding 12 months. In January alone, there were 200 chief executives vacated their comfortable positions. And they cashed in, obviously, like they all do, but they left. And these local businesses either. This is Nokia, Microsoft, Lockheed Martin, L Brands, LinkedIn, match, Hulu, Tinder, groupon, Disney, Harley-Davidson, Mastercard, Nike, eBay, you get the picture. The list goes on and on. Why are they doing this? It's not that uncommon to see top level dudes step down when there's a recession. That happens, but shit got crazy in 2019. A lot of these companies saw like insane stock market highs. The economy was booming. I mean, Corona was just a beer. It had nothing to do with the virus at that point. But this type of mass exodus that didn't happen even in 2008 when the whole fucking bottom fell out. What the financial crisis and then the subsequent recession didn't happen then. So it doesn't make a ton of sense for a guy like me to put two and two. I don't really understand why it's all happening. Because most of these high powered dudes left before coronavirus went all across America. Last march. Some of the theories that are making the rounds, you know, like Jeff Bezos, if he didn't leave when his dick pic was circulating, I don't know why he thinks this is a better time. I don't know anyone cares. These guys have enough money for ten fucking lifetimes. They don't care about us. Don't care about them. But the first and most obvious possible reason is that some people think these executives might have been tipped off by friends in big Chinese business that a virus was about to hit U.S. soil, a very debilitating pandemic. And it was going to hit America hard. Some people think that news was spread out among big, big bosses.
How do I market a local healthcare clinic?
"I want to start with that document under who asked today's question tried. A bunch of things tried a bunch of things before asking. This question tried facebook as as a website. Did some free consultations kind of struggling and not really sure how to market the physical business. The physical clinic in the area in malaysia. So today my job is to help document on d. and everybody else who's listening has a physical business and give you the fundamentals the things you have to do to market that business. This is basically going to help you get people through the door okay. Everything else is kind of window window-dressing it will be sickly. Be adding fuel to the fire but if all some of the things that i mentioned say it's going to give you a good chance to get people to get your business to learn more about what you have and become a customer. First of all dr mandate mentions a website. A website is a must have regardless of physical business or an online business. This is how people find out about you. You want to own the narrative about what your business is. What is it about. You want to tell the story of your business. You want to give the information that people are looking for. I wonder if this business does that. The other thing. You have to answer the questions and you do that with your website. Your website is also a great way to be found when people search now one of the things that you need to understand the physical business. Is that search engine. Optimization is going to be your best friend because this is how people choose where to go for something like an aesthetics physician right to go to a clinic. They're gonna shop around. They're gonna do some research and they're going to do through google so you definitely need a website because google wants to see that you have a presence the second thing. Our argument other than a website is listing. Your business on google. Google will list your business so it's found as a local business that means when somebody searches for your business or searches the keywords in her business like aesthetics physician. Your business shows up on google if they're in your local area. This is incredibly important because you automatically get exposure just by being in that searchers local area just like if i write italian restaurant on google. It's gonna show me italian restaurants in my local area. So how do you get listed on google. Well it's actually a pretty simple process You can fall. The step-by-step process by literally writing list. My local business on google on google right then the in the search box. Google gives the steps. Okay but basically google just verify you are actually a physical business. And they're basically going to send you a postcard to address of your local business that it's going to say in google your local businesses at a certain address. It's going to send that postcard address and postcode will have a code will tell you this website. Enter this code. This will verify that this is actually a real physical business located at this address and once you do that. You can update that information on google and you'll be listed. This is actually rule number. One you gotta do this. You gotta list your local business on google. So people could find you locally. Now that you're listed. Google reviews are really important and they will get you to the top of that list when people search for your type of business in your local area so this is incredibly important. When you have a new business is to get people to review you on google. Now if you're on a clinic you have an advantage of the fact that people are filling out forms. They're going to spend a little time. You're clinic asana fast interaction. So even after their first consultation you hand them an ipad and ask to give you a review on the spot as soon as the concentrations over. It's going to take two seconds and it's okay. They've already spent thirty minutes to an hour. They're not really in a super super rush. Not going to do it but more people than not will do. And you'll get the reviews. You need every time. Somebody comes in for a consultation. I know you need some foot traffic to make the happen but this should be a practice. Should be procedure. Every time somebody finishes any kind of consultation give you google review next. You need to look into your local area and find some partnerships you need to find other businesses that will have similar customers and partner with them. Money you an example. My local burger joint has a deal with The local cinema where they have a dealer you by burger and drink and you get a movie ticket for x. amount of price so it's like a bundle deal so in this case. The theater is benefiting because they're getting free advertising. They're getting free marketing from this burger joint now in reverse. The theater will do a similar bundle deal. Advertising to the theater goers go and grab a burger from this local burger joint now if you have aesthetics clinic you may want to look into the local dentists. People that go to the dentist are often doing it for cosmetic reasons not just for health reasons and you can do some sort of partnerships or sort of deal where you can give them sort of discount. Some sort of bundle With every purchase of something at the dentist like checkup or a whitening and you can do the same for the dentist on your side. The players is that you're not just blanket advertising to every single person these are ideal customers people that are willing to spend money on the same things so somebody who's willing to whiten. Their teeth is going to be willing to do something at your clinic. They're willing to spend money at what you offer. So the deal makes sense for both not only the customer but also you in the dentists next if you want to do a mass offer and get maximum exposure you should look into offering a deal on groupon now. Groupon is not a money maker. You have to see this as a customer acquisition tool often people break-even they don't really make much money on the group on deal the whole point of getting the group on just to get people through the door so they can come back and be a repeat. Customer group demands that you actually have a pretty lucrative deal pretty attractive deal and of course they get their cuts at the end of the day. You probably don't make much money but again it's a customer acquisition tool to get them to really love your experience and then come back for additional consultations next some of us. We tried to get more and more different customers. Instead of trying to get the same customers to come in more often is another way you can grow your businesses. Hey instead of trying to get fresh blood incentivize your current customers even if you have five customers that once a year have five customers. Come once a month. You just went from five to sixty sales and you could use bundle packages. I don't massage therapists do this all the time. Where you they can buy in bulk where they could buy six therapies in one shot. Another method is what is done in the restaurant business. Where when they come in for the first time after the first consultation you give them like a card that entitles them to something for free with their knicks consultation. So for example. If i was running a massage clinic or massage shop. I can give him a card. That says you're going to get a free twenty five minute Foot scrub with your next treatment. So it encourages them to show up and comeback and even though you're giving away a twenty five minute foot scrub they're coming in for a consultation and they're getting another experience another win and it becomes more of a tradition more of a regular staple in their life to come to your shop to come to your business.
Protesting farmers threaten to block railway tracks if demands not met
"Hundreds of thousands of indian. Farmers have been protesting outside new delhi for the past. Fortnight they're demonstrating against prime minister. Narendra modi's nufemme policies which they believe will hand. Their agricultural land overtook business. The unrest is spreading throughout the country and echoes. The recent demonstrations over the new citizenship law. Well is this now becoming a test for modi's groupon power to tell us more we're joined by tricky kapila who teaches indian history and politics at the university of cambridge. Good morning to schutte. What are the government plans for culture. Hello are so for some time for some long time. There has been a line on side of economic reform was in india that its agricultural sector needs needs to form so it's a complex system because the pricing of particularly wheat and arrives essentials tour staples is also set by the government. So it's a very complex system of procurement and pricing which is now being opened to as tour of corporate interests of big business. So it's really in a way for for decades because one of the things that happens in its becomes. Independent is that the farming sector is is left tax to kind of overcome the colonial legacy which had been seen a series of famines and as a result the first independent government in india decided. That farming will be taxed. So it's it's it's part of a knock history to buck. These reforms are pretty a pretty as it will. I wouldn't brutal but they're quite. Yeah it's one of about about. They're pretty brutal. They will allow. they will not allow the small farmer. The one acre farm off owns say just a little bit of land to survive and So the government is trying now to open talks it did not expect such a backlash it. It did expect some backlash to come a from a couple of northern states. It was prepared for that but it had it wasn't prepared. Moody was not prepared for aid holding power of off these farmers. Because they've actually gonna come a come and taken over the borders of the capital of the city the capital city in in deady and there are you know the camped up there and so it's it's interesting and because of the farming psycho but because farmers are not due to any great amount of farming till april. This could be a long haul. This protest is not gonna go anytime soon. And i mean it's not just about farm as the government's been trying to push through other reforms to the two sectors which the government has been interested in this particular has been interested in one us label laws and the other is a farm laws. Now movie if you recall has never blinked. He democratized the calling me overnight. This has come without as the parliament's sitting the winter session of parliament has not sat down. It has come to an ordinance so it's pretty as it were direct legislation the prime minister himself and his and his office. And we'll see whether this policy unlike say this ship amendment act which of course in the buddhist of that got interrupted partly because off the off the pandemic. Roberto bet that also is on the chef. But this this is really a set of laws are going to be a test of modi's true political metropcs the keys thus far he has been he's been pretty brazen in putting his agenda forward and pushing it through and taking the cost as an whether it's international opprobrium or criticism from intelligence. He's kind of brushed that aside. This is different because this this matters to a vast vast vast majority of north indian and usa bits of southern farmers So how rattled is mode. I mean is this a real threat to his power. I mean it's hard to say because aden he's not due to face a mandate for another four years so he's fine at that level but it is also interesting that every winter as your opener stated now does the second winter where there are there are large scale protests in the capital city over now a different a different issue. It took me shows that his agenda is not one of consensus his agenda whether it is in the economy because people fear that this would bring in a big corporate interests people who backed him like embodies audio danny's who will then as it were by big land takeover farmland but also take over a not just land but it was the entire system of buying and selling them into into the retail sector. So i think that real dangers in terms of the way in which corporate corporatization of indian agriculture and on the side but he has had some positive as it were support from the economic liberals in your delhi's intelligence circles or policy circa. This is a brief set of reforms. And he should it dozen this debate both in terms of the the policy world. But i think the scale of the protests are we seeing signs of blinking on the side of moody because he has now had got his representatives to talk to a farm and the leaders of these these and they cut across party lines. These the is these unions that have come come today so but those talks now. They've had two or three series of talks all failed. So let's see. This is of that moment whether he will make some concession. Particularly on pricing is what one gathers. There might be some concession. But i don't think the laws which is what they want. These three sets of laws to repeal. The farmers demand is pretty high. So i'm not sure where the room for maneuver is going to come from. And i mean the purchase had a knock on effect. I mean for instance. I understand that chon sports being badly affected. Yes i mean. The city is all the deli sort of sits between two or three very major. You know it's it's the route into central india. And the barricades have been erected before the i was going to come and you know because there there's so many farmers just lifted the barricades them aside and took over a the entry level the entry point into city so that we know that means good Goods shocking all of that is affected. And you really can't get out of the city lock as it were neighboring states in you know look at can bring in goods into into into the capital so i think a transport of course is a deeply affected but it's also very bad for moody to see You know the this kind of resort and it's not bad for his image if you have hundreds of thousands of peasants with their families you know it's not just been but the families a camping actually doorstep and and if if he looks like he he he doesn't engage with them he will also come across someone who's not die logic something. He's not met journalist. For instance. i think that will that will dent his it identifies image if he so. We'll see it's kind of interesting moment In whether he. I said whether he not concede something blink. Make some concessions. Or whether he's going to sue the remain ideologically a commit did to these reforms and we'll take the political slack as it comes
"We are going to start with some earnings. and honestly, this is one of those situations where you put earnings in air quotes. Because we're talking about groupon and the first quarter results. They actually weren't as bad as wall. Street was fearing. groupon still lost a lot of money and shares down about ten percent today. Yeah, it was not a great quarter for groupon. The shares the sales fell thirty five percent. Gross profit was down thirty four percent they laid off or furloughed about twenty seven hundred employees out of their sixty three hundred employees, and they also have a new CEO and coo left, so it's been a wild couple of months for your opponent hasn't been great. I'm glad you mentioned the management change because that was something I. SORTA noticed this morning when I was reading about this quarterly report and one of the statements was from interim CEO Aaron Cooper Aaron. Cooper's Bennett groupon for a decade or so, but I was like well. Wait a minute. What's the interim and yeah, as you mentioned a couple of months ago? The board basically said that the CEO the chief operating officer and the. Oh, yeah you. You're both Outta here. So. I'm not even sure where the silver lining is right now with group on because on top of everything else last week they executed the dreaded reverse stock split, and in this case it was a one for twenty. Stock splits so for those unfamiliar. Regular stock split is you sometimes companies will come out and say hit a two one split. If you own it for every one share you own your now going to have to, but of course the prices cut in half the reverse split is the opposite because they're trying to boost their stock price, and so they came out and said forever twenty shares you own. You'RE GONNA. Get One so I mean the management shake-up. The fact that Aaron Cooper has been there a decade and still has the interim tag on his CEO Title I. Don't Know Him, but I think it'd be a little miffed if that were the case. You have to wonder what the board is up to there. And then you know you and I were talking about this earlier today. Maria I. Mean this is we're in the middle of a pandemic. I think of group on I know. They have several business lines, but I think of them as more of like the experience company for a long time that's been their marketing like. Hey, go out and take a hot air balloon ride and we're going to get you a discount on that and that sort of thing and. Know again. It's not all of their business, but they are really taking a hit in this environment. Yeah, I think that the experiences is really where they get their bread and butter. That's what they're known for they are trying to look they break out their revenues in terms of their local and their travel revenue travel revenues less than ten percent local revenues, almost ninety one percent of that revenue, but a good chunk of local revenues experiences within that local space and so i. don't think that. That will bounce back anytime soon. I guess the only silver lining would be that as state start reopening, people and companies will be so desperate for anyone to come. have really good deals in the TRI news utilized. groupon and people will try to utilize it if they don't have. That steady income that they're used to, but it's still not a great outlook for groupon. It's a good point and I think that. One of the things they talk about active customer base. It'll be interesting to see if they're able to grow that in the next three to six months. I'm wondering if you think I mean. They have between North America where they have about twenty five million active customers and an international of of North America another sixteen million, so they got about forty forty, two million active customers. This is not a big company. The market cap is about seven hundred fifty million dollars. Do you think? Do. You think someone's going to swoop in and by group on just so they can get that active customer base, or do you think that there are still enough question marks that? That's not in the cards right now I. think it would be kind of a smart acquisition for some people to get you that bigger customer base, and for people to continue to implement deals. Everyone everyone. I love a good deal. I know a lot of people who have a good deal so having those options are pretty smart. If you're a big retailer or you want exposure into at a growing customer base of people who are generally live in cities, like deals like experiences I feel like it's pretty uh smart to grow that customer base if you need to.
Leadership Development at Groupon with Dr. Eliza Wicher
"I met our guest today at the Chief Learning Officer Exchange in Austin Texas earlier this year in fact it was the last business. I went to before sheltering in place. Cool event put on by the people at Iq now our guest has a PhD. In I o psychology and over a decade of experience in the real world doing talent management. Today she's the global head of talent development at groupon. Our guest is Dr Elisa. Witcher Liza welcome to the lead X. Leadership show much glad to be here now. I mentioned in the in the introduction that we met earlier this year At at a CEELO event where you're presenting your approach to leadership development at groupon and I was really blown away by that at a lot of levels so I'm just grateful that you're willing to come on and share some of your wisdom with us. Oh Yeah I'm so glad to be here It's been a really really refined so I'm happy to to share anything that maybe might be helpful to else out there now. I don't know if you're going to even remember this but I thought One of your very first for slides. It was so simple but sometimes the simple stuff so important it was called build great managers and there were like four step starting with setting expectations. Do you remember presenting that Walk us through that. Yeah absolutely you know really this was all about. I think as a lot of people in in my role or roles similar to mine you approach by either folks in the business or even a colleague in hr who a lot of times come to you with we need training on X Y and Z and it was pretty clear to us that we really have an opportunity to just continuously equip our managers to be great at managing their teams. Other reason for that. Is We have a lot of really young employees in the company. We've got a lot of first time. Managers do a lot of promoting from within and so recognizing as we know that this is just a really high impact group of people that if we can get them really good at managing their teams. That's going to lead to high engagement high-performance and really just kind of high performing teams that we need to do what we do. Really well So with that in mind you know. It's something that we all know. We need to just be really good at building that capability but getting back to your point about the four pieces. I think a lot of times. We hear these requests for the training piece right or the capability building piece but My perspective on this is you know it's always more than training People need to people need almost a whole ecology around adopting a new set of behavior. So you need an environment that sending you really consistent signals in a lot of ways about a ways that that you're expected to behave in just do your job so really what we tried to do was approached this With with four different pieces to the I is just clear expectations than I think. A Lotta people intuitively know what it means to manage a team pretty well like we all know got to do things like set clear. Goals give clear feedback. That kind of stuff but for a lot of our folks. We know that either. They don't know the full picture or maybe heard conflicting things in either case. We need to just get on the same page as a company. What exactly is it that we want our managers to be doing in the course of managing their teams so we set off with the set of expectations that we just called the group manager expectations. They're aligned to these higher level leader habits that we have but they're just a lot more day to day practical of. How do you just manage your team behavioral right so very very much the kind of thing you can you can see so? We paired that with some feedback and metrics we included in our employee survey a new section specifically on those manager expectation so managers are now getting that direct feedback from their team of how they're doing it meeting each of those expectations. So we set the expectation. We give clear feedback through that that survey as well as a few other mechanisms as well. The third piece of it is the capability building. So that's the training piece right and that's You know the the leader journey that we put together all of these different kind of programs and tools that we put out there. Managers the final piece of these. Four buckets is than accountability. And that's the thing that a lot of times you know. We know we send people to training but it's unclear they actually doing the things we want them to do back on the job so we wove into our performance review process that all of our people managers get a people management assessment that is factored into their overall performance evaluation. And there's a couple other accountability pieces as well but that's the big one so really just to summarize. We set clear. Expectations give people feedback on how they're doing against the expectations. We give them lots of opportunity to learn and build their capability and then finally we hold them accountable to really exhibiting those behaviors. Day to day now Elisa so much in there and you you summarized it so well and I just want a really for for our listeners. Because it sounds. I'm sure there's a lot of listeners. Might be thinking well of course. That's obvious. Why wouldn't you do it that approach? But as I talked to many Folks involved a leadership development every week. This is actually pretty rare. So what a concept I mean. The first is like the expectations in too often. There'll someone will say. Oh Yeah we have that leadership competency model but then the model doesn't tie to what they're being measured on the engagement survey and the engagement survey items aren't being trained on or even if you're setting the expectations measuring at training to it. The accountability pieces missing. Were when it comes to the you know. Y- performance reviews bonuses or whatever if your bonus for sales quota and not at all for people management. You know what you're going to care more about and so those are like the four cornerstones for I think any great Leadership Development Program. And then of course there's tons of variety in each because what might be a critical habit at groupon might not be as important somewhere else. It might have something else. Does that make sense absolutely absolutely and yeah? That's the thing I don't. I'm not really sure why why people wouldn't do more of the things outside the training piece for us. I mean we we really seek to keep things really simple. So none of this. Like Complex rocket science kind of stock. It's just you know just logical and trying to keep it really consistent so people are getting the same messages everywhere they look and they're getting those messages clearly they're getting them consistently and I think that's best way to really drive behavior change or a really learning something new So so yeah I think. We've we've seen some pretty good success with it in the sense that like everybody's on the same page and it's not just something you hear about in your workshop. It's something that you're hearing about in the pulse survey at Performance Review Time throughout all these other touch points.
7 Tools That Will Help Push Through Tough Times
"Super committed to your success online. We've worked with them. To a special offer just remarking school listeners. All you have to do is go to dream. Host DOT COM slash marking school to learn more and get your website online today. Welcome onto a another episode of marketing. School I'm Eric. Su and I'm tell- and today we are going to talk about seven tools that will help push you through the tough times so these tools specifically because we talked about a lot of different tools but we wanted to give you a couple options that we think will actually be helpful specific to right now so the first one is APP sumo so this is from our mutual friend Noah Kagan an APP sumo is. Let's say it's groupon for deal? It can be deals on courses. It could be deals on software but especially right. Now if you're looking to get started or you're looking to cut costs on your software APP. Sumo's a really good place because they're looking out for the small business entrepreneurs another one is Eric's click flow in his click voto. He has a content decay feature right now in marketing. You probably have less resources. So look at the pages that are decaying the most in focus on them. I with your Seo. Because if you folks on him I recover your traffic. The quickest which will hopefully impact your sales and help you generate some extra revenue. You can keep more employees all right number. Three is profit well profit while this is from Patrick Campbell and he had a subscription type business. It's a free tool that will allow you to see how your business is doing in terms of revenue growth churn rates and all that good stuff around SAS absolutely free to use probably dot com. Another one is said Fox so send Fox is a Email marketing tool. It's not one hundred percent free but it's quite a bit generous compared to some other tools out there check it out. It's up and coming. It's funny enough by the guys who also created APP Simao. It's worth checking out because it will help you reduce your email. Marketing costs in the short run. All right number HIVE IS UBER SUGGESTS SO LUBERS. I mean obviously free. Seo toll from Neil. He's been working on for years and years. We talk about it a lot on this podcast and I think Neil you've offered a free deal the people right now as wall right yeah. I'm giving away more for free. So a less people have to pay just so it helps them out during these hard times number six rescue time. You probably don't have all the time and energy in the world to get stuff done especially now with less resources. Rescue time helps you optimize each and every single minute of your day so that you can get more out of it. You'll need less staff to get similar results. Check it out. It's a really good product for individuals or teams to figure out how to get the most out of Helps you with your time management without really having to do much all right number seven last but not least so actually I was gonNA say Zoom but a lot of people are already using zoom so I think they went from ten million daily active users to two hundred billion something like that or I think the release something yesterday which is crazy right but instead of things zoom. I'm going to say loom. That's Elo and loom allows you to basically create screen casts really quickly so I want to explain something to my team. I just make loom real quickly and it just makes things move a lot faster right communications. Great obviously you combining
Groupon furloughs sales staff amid coronavirus pandemic
"What ten Groupon is following parts of its sales and sales operations teams as a result of the pandemic Groupon CEO was ousted last month after a week for a quarter fourth quarter the interim CEO announced the cuts in an email said he expects to extend the furloughs and layoffs of employees company is releasing how many people were furloughed or laid
Groupon axes CEO and COO as company looks to mount a recovery during a crisis
"Before we get into the mailbag. Let's talk about groupon because shares of groupon are up ten percent on the news that rich Williams who's the CEO and Steve Krizner. Who's the chief operating officer are leaving immediately? Yeah and we don't really have a lot of other details other than groupon is saying both remain employed by the company. There's no comment from groupon at this point on the reason for the changes. I'm I've never been more interested in groupon I mean the the CEO and the CEO are walking out the door or are leaving those jobs immediately and the stock goes up ten percent. Well I mean you can certainly make the argument that they weren't really getting the job done right. I mean if you look at groupon usually just the fundamentals of the business. I mean we've talked about groupon ever since they went public in. What was it alphabet offered? Was it around. Three billion was it six billion dollars that they that they offered groupon back in the day. It was some unusual things I when we when we look at the state of groupon. Now I mean clearly in hindsight they should have taken that deal Because I'm Nina. Revenue is is is winding down right. I mean we're revenue growth is non-existent. It's it's It's not a profitable company. I mean there's a company that's facing a lot of challenges and so I don't really know why Management Lee's I'm sure this is probably a bit of a response do just to the greater market reaction. We've had over here Over the past several days in you know we've seen this play out before with other companies I mean. Jc Penney obviously has gone through a lot of leadership changes. And we've seen when former leader step down in new leader step in. I mean there is some enthusiasm because maybe there's a light at the end of the tunnel there I I don't know in case that's really something. Investors should expect. I do think it's really fascinating to look at so so the Aaron Cooper is going to step in as the interim CEO while the company ultimately looks for a permanency. Yoda's possible that Mr Cooper gets that job at the end of the day. But it you know he. He was awarded in. He's going to receive an award of four million restricted restricted share units For this enemy vests over over time. It four million restricted share unit. Sounds like a lot but but then you look at we're groupon stock is today at just under a dollar and well. Maybe that doesn't look is is great as it sounds On paper and I mean he's going to obviously get a salary and bonus In in an extremely challenging role in trying to figure out this company's place in our world because I think before there was maybe at least the argument the groupon possesses some brand equity that maybe a bigger network out there could exploit and benefit from. I'm not so sure that's really even the case now And so I you know I mean a market pop today. Notwithstanding not sure this really should should Make you feel any better about either owning shares or potentially owning shares. But but you know hey listen if you could certainly be wrong. I mean Mr Cooper could have a plan in place in you know. Bring MORE VALUE TO THE
A Good Day for Garmin
"A good day for Garmin shares of garment up more than seven percent on earnings at the time of our taping this stock hitting a twelve year high now garment all about. Gps technology. Bill back in the day. I thought of Garmon as basically your car. Divisor your boat or somebody's boat. Not our boat characterized as much more of a fitness device maker. What do you make of garment? Well so when you think about Garmon you really have thought of it. As being auto abode. Gps Avionics they really are becoming more and more of fitness company Thirty four percent growth their fitness in their fitness division the firing on all cylinders except for auto which is which is dropping and becoming a smaller and smaller part of the business. So really really doing. Well I'm having a good chuckle right now because I when I was prepping the story I had the opposite read as you might think of garment as just as a fitness tracker comedy no auto and Marine and aviation devices. Do that's hilarious? So that's a generational. Divide there but I agree. I think Garmin hasn't really great mark. It's been great for them. I would just caveat all of this you know. Great earnings revenues nearly at four billion dollars. So it's a big company than you might assume I will just say it's a naturally lumpy business. We we see a lot of excitement over new devices and new products especially fitness category. So really good gear really good quarter for fitness devices for Garmin. There's no reason to think that will stop. But there's also no reason to assume that it will continue forever.
Groupon Stock Slumps
"On the markets groupon stock tumbled twenty four percent in late trading Tuesday after the coupon APP said it's getting out of the retail business and focusing more on offering experiences here to explain. Why is our Quentin web? Well groupon positions this as a transformational move effectively. It's trying to focus in on what it thinks is its core business which is local experiences and it complains that the sort of e commerce market is very saturated in competitive. So it's not really an area where it can kind of be a strong competitor. It looks like though investors are taking this pretty badly in the stock fell almost a quarter. Roughly a quarter in after hours trading on Tuesday groupon has struggled fears affect screen is worth a fraction of what it was when it first went public In twenty eleven and this latest sort of strategic shift doesn't seem to be well received the Wall Street Journal's Quinton Web and here's what else were watching today the Federal Reserve releases minutes from its January. Twenty Eighth Twenty Ninth Policy Meeting. They could help explain how the Fed is thinking about potential. Economic risks including those stemming from the corona virus will get government reports on new home construction and producer prices. Both from the month of January
Vestiaire and Depop on the Rise of the Resale Economy
"We invited Max Bittner. Ceo of vascular collective and Marya RAGAS COPD pop to the voices twenty nine teen stage to speak with B. O. F. Sustainability correspondent. Sarah Kent about the rise of the resale economy. Neither you come from a fashion industry background so I wanted to stop by having both of you talk through way you come from and what drew you to this opportunity and Maria if you would like to kick off sure so late Hayden I also have to accept that I come from. The math made consulting World and I did that for about five years and then I jumped into the world Started at groupon. I did that for about five years. And then I I discovered depot actually before being part of the team Because I was looking for some vintage clothes and I was talking about the fact that he was a mobile first platform which five years ago. It was not that obvious Many companies wear addresses from web into mobile and so the fact that he was mobile. I the fact that they were using social media very smart way to build community to to a very very organic way I was redirected by it. So that's why he joined a Max. You had very strong equalness background but not in fashion. So why make the jump into this industry so I previously built a company called Lozada in Southeast Asia which was ECOMMERCE general merchandise? We are actually terribly bad at fashion and was one of my obsession for a long time and I really failed miserably. Added and after selling the company TATY BABA. I was looking for opportunities moving back to Europe. In vecchio opportunity came out of nowhere after I didn't know the company understood the concept of retail. But I've been in such a tunnel for the last seven eight years that I didn't have time to digest it but what fascinated me when I looked at the business in kind of engaged with with Moore was the incredible emotional connection between the buyers and the sellers and the products in the brands and the engagement with the platform and coming from Asia. This whole concept of community social engagement is is such a big part of ECOMMERCE and I felt that you know. Of course you have pioneers like the pope driving that in Europe but the rest of the environment was still heavily Amazon Dogma ties about a surge after card filters efficiently as possible. You know the emotional connection of of you know not much so I felt this was an incredibly exciting but and you know living in a world where we all ask ourselves what to do. It seemed like an amazing opportunity to actually run a business. Which core kind of fundamental is built on sustainability is built on on circularity? So you know I looked at what the business was good at and I think the stairs and amazing fashion. Dna A great brand amazing supply and a look at what could be improved with my background on Scaling and Tech Company and I felt the combination was an amazing one. Utah Utah Johnson. Very topical points this Stain Ability. The power of community all of which kind of encapsulated in recall. Mus Is it that that's helping to drive this market now. All Maria water. What is driving the growth? We're seeing and resell the moment So I think there's there's three things that are driving. Industry one is definitely a consumer behavior change towards Secondhand again five years ago it was hard to to believe that there was gonna be in a way you think about the next generation more than fifty percent are already buying secondhand or concealing to Isaac and hunting the near future so this is something that five years ago it was really hard to to conceive. the second thing is the fact that sicken sick and heights more accessible and so our consumer supressive by default so allowing people to buy high quality items at a lower price is definitely something very attractive for consumers and lastly the proliferation of all impact from slightly Bob and respective it's allowing a basic concentration of inventory at digitally military that allows consumers to have more choice in the case of of depot. I think the driver has been more and driven by our core audience so ninety percents of our users are under the age of twenty six. So they're very young and they are looking for for ways to socialize. That are different to the ones of all of the generation so again The promoted social media. Because that's their mobile natives. And they they do that. Also for fashion dates so for us will go a community. You see that the fact that the pope is social platform social marketplace. It has basically make the business to grow faster and getting Organic Way. And then secondly the second thing that our audience wants is to make money and so we are able to provide a platform that makes it very easy for them to sell those items and to make money as a result so as a consequence you you have very vibrant community are very engaged users that are super passionate about fashion and they are actually in the day making secondhand cool which again contributes to making the resale platform. I mean the the research will go faster. And that's that's the has a slightly different beast as a luxury product. It's more it's an older consumer. Is it the same drivers the flight northing happy? You remembered all the statistics because keeps forgetting them but to add to that. I think there's one or two points which are allowing us as a business to thrive. I think the first one is that that from the outside the fashion industry in some sort of way mirrors. What's happening in society? Where you know. The rich get richer and the luxury players are chasing them up. The stairs might use the example of being also consultant in the past. Having to buy suits choice back then was buying Hugo boss suits. I'm German so that's what I have to wear as a German and buying food which I couldn't afford the time in at the time is any suit would cost like eight hundred fifty euros nine euros now. Sued cost two thousand five hundred euros and on the bottom end. You know you have the parts of side which are struggling and fast fashion becoming cheaper and cheaper to to serve those needs and you have this forgotten middle class. You know which in the past could afford I suit is bag a nice night in a in a nice hotel but a lot of that has become out of reach because the industry defines itself by becoming more and more exclusive and you know being some sort of a hard to reach and so I think the opportunity frosties is absolutely to defend ourselves and make a lot of these beautiful products accessible in some sort of way in finding the right owner for the right product and the right time in their life cycle. So I think that's two points and I'm sure you'll both happily talk about how great this market is and the opportunities there for the next fifteen minutes. Let's talk a little bit about the challenges as well on the luxury side. Everyone will be aware of the criticisms leveled against the Rio recently in terms of the problems with their authentication problem. Max with Vesti Eras. Call capacitor in the space. How damaging are those allegations the credibility of the entire luxury resale market? And how big a challenge is authentication. You know I'm I'm not going to hide behind. This was my competitor. You know I think you will find the same criticism against this year am out there. I think we do a lot to improve every single day and you know we face our challenges being fast growing company to to scale of every process that we make as much as we can so so. We're not perfect. We try to perfect. We try to improve every day. I think the the two three things to that I really want to point out is Frost at our cores is the trust in our community and the trust that community gifts to each other and towards us and if things in that in these processes breakdown You know we really see all as a platform to step in and say okay something wrong. We'll take care of it in. The consumers need to reach out to us and we will fix it and we tried to learn from every one of these mistakes every single time they happen and I think the second one is that we have this community. We have people we trust. These people have a history on us and I think it's our job as a platform in the future to make that history much more transparent and and you know bring people together and but let's not distract from the things that we do well. I think it's very easy for for new business models like ours who go like the speed that we do to point out the small things which go wrong you know. I would love people to really focus on on the good we bring. I think we are fundamentally at Harvard business. Which does something about sustainability and circularity? And that's a lot more than you know. Trucking in forty trees to fashion show in saying
Former top Outcome Health executives plead not guilty to alleged $1 billion fraud charges
"You've covered a lot of incredible stories in twenty nineteen I think there are a few that you want to go over yeah so you know every year we've been at Chicago in a for almost six years now and kind of like to take a look at the end of every year about you know the biggest stories the biggest headlines of the year and just as a way to kind of wrap up what that the years been like for Chicago's Tekken start up companies and you know for the last three years the biggest story in town has kind of been a big negative story story outcome health in this is this is that this text art up that back in twenty seventeen raised up almost five hundred million dollars in venture funding in valued at five billion dollars it was the most valuable tech start up in the city of Chicago and then was it rock how is it funded so this was funded through investor so alphabet at the parent company of Google was a big funder of theirs Goldman Sachs prescriber venture capital a lots of kind of top investors and both in Chicago and nationally kind of backed the start up and so really outcome health kind of sprung to be you know the most promising tech start up in Chicago and so cut to a story that dropped in the Wall Street journal back in twenty seventeen which basically found that you know the as this company was delivering we're not really being delivered as they were being sold by the company so basically what outcome health is able to do is it offers these digital screens that sort of live with and doctors offices so there within the exam room there in the lobby and these ads are largely pharmaceutical companies the so basically what happened was they were not delivering the ads appropriately based on what they were advertising to their clients of the pharmaceutical ads we're not really being delivered in the numbers that the the outcome said that they were delivering so basically they were kind of fudging the numbers that back to the clients and they were also fudging their own revenue number so they were all allegedly lying about the amount of revenue they were generating in order to a race about half a billion dollars in equity funding so this is a story that has really been going on for years the founders were indicted for fraud and just at the end of this year so this is wire fraud bank fraud and they have played not a not guilty so we're going to go to trial here they're facing up to thirty years if convicted so really what happened here is we went from Chicago's next greatest start up story two founders indicted for fraud potentially looking at decades in prison wow so this company was like a shining star in Chicago's Tekken NO sector and basically they're fraudulent it was a lot of money exactly and so you had a claim it looks at really close to a billion dollars both in half billion debt funny that they were able to raise kind of based on you know cooking the books here so it's a really interesting story and you know kind of a a black mark on Chicago's second start up scene you know this the success stories the Chicago looks out over the last ten or so years of the haven't been a ton of them you look at stories like Groupon for example which is supposed to be this next great Chicago tech start up a you know it went public in his stock has just sort of tanked ever since it has never really been the kind of outcome people were
3 Spending Habits That Are Setting You up for Failure by Kumiko of The Budget Mom on How To Be Mindful with Money
"Three spending habits that are setting you up for failure by Camillo of the budget. Mom Dot Com. There's always a reason why we save too little and have too much debt. People lose their jobs. The economy takes nosedive and getting a raise is almost impossible. Aw what people don't realize is that we are often our own worst enemy. When it comes to our financial circumstances everyone is guilty of the occasional spending slip up and sometimes it's hard to recognize that it's happening more than we'd like to admit here are three spending habits that will not only kill your budget but will also set you up to fail financially one spending money. Because you are bored. I like to call this Zombie spending most of the time. You don't even realize you're doing it. It's so easy to head to the mall. Go out to eat or spend and some time browsing your favorite online store where you almost always get sucked into buying things you don't need. Everything becomes a distraction to fill our time. When we don't have anything better to do. Believe me I know Zombie shopping all too well. One of the biggest challenges I faced was online shopping. It's so easy to be laying in bed checking your facebook and get scammed into checking the email you just received from your favorite online store with a message. Flash sale everything thirty percent off the result. Is You end up having ten things delivered to your front door that you don't need and a huge credit card bill to match the number one thing that helped me kick the Zombie. Shopping habit was to unsubscribe from all the stores emails. The easiest thing you can do who is to stop the temptation sites like groupon and apps like Bata are great but not if they are making you spend money. You don't have look for other ways to distract yourself. Try Try picking up a new hobby that you can do from home or join a book club after discovering my love for hiking. I feel more rewarded from day of exploring the outdoors than I did from spending out of Habit Abbott to spending money. You don't have this. Spending habit comes in many different forms. Your tax return an unexpected bonus or raise or even self employment employment income can all fall into the category of money that you might not have these. Things are not guaranteed income yet. People depend on them. People already plan out what they're going to spend this money beyond without knowing if they will actually receive it. Have you ever thought to yourself. I will use my tax refund to buy that. This is the perfect example of spending money. You don't have. Maybe maybe you put the purchase on your credit card thinking you've paid off with your tax return only to find out that you actually owed the irs. Now you have a credit card balance with no way of paying it off the same is true with work bonuses. The best thing you can do is not think of this. Money has guaranteed income. You should also never include work bonuses or an estimated tax refund in in your budget that way if you never receive it you are not so deep in debt hole that you can't climb out of it instead if and when you receive this type of money use it to reach your financial goals of paying off debt or increasing. Your savings credit card debt is another great example of spending money. You don't have the most appealing thing about credit. Cards is the ability to pay later for items items that you can receive now. The biggest mistake is using credit to purchase ordinary things like gas or groceries. You can't rely on credit cards if you don't have them with you. Oh I went almost a full year without any credit cards in my wallet. It's okay to have a credit card but it's not okay to have a credit card that you are constantly using because you don't have the cash to pay for things rely only on your income and never spend more money than you make if you decide to use your credit card to make a purchase. Make sure you can pay it off in full every month month to avoid interest and three spending to impress quote. We spend money that we do not have on things. We do not need to impress. People who do not care will Smith. It's easy not to care about impressing people whose opinions you don't care about but it seems like life or death when you want to impress someone who you do care about. Maybe it's a friend someone you WANNA meet a CO worker or family. Whoever it might be. Let me be the one to tell you that spending money. You don't have to impress someone. Someone is not worth it. The funniest thing about these situations is that the person you want to impress his probably so busy trying to impress you that they don't even notice all all the things you bought to impress them. A generous heart kindness. Hard Work Dedication and true intentions are far more likely to impress someone than possessions. Focus focus on who you really are and you won't have to spend a dime to impress someone. Stop comparing yourself to others and learn to appreciate what you already have
The Latest: Israel AG: Netanyahu indictment ‘heavy-hearted’
"Israel's prime minister Benjamin Netanyahu has been charged in the series of corruption cases by the country's Attorney General throwing the country's paralyzed political system into further disarray and threatening the long time he does Groupon power capping a three year investigation a tiny general at the time and open its charge that's in Yahoo with fraud breach of trust and accepting bribes in three different scandals it is the first time a sitting Israeli prime minister has been charged with a crime according to the indictment Netanyahu accepted hundreds of thousands of dollars of champagne and cigars from BDNF friends offered to trade favors with the newspaper publisher and used his influence to help a wealthy telecom magnets in exchange for favorable coverage on a popular needs sites Netanyahu has denied any wrongdoing and said he is the victim of a witch hunts I'm Karen Thomas
Everything You Wanted to Know About Your Vagina With Dr. Sherry Ross
"We are talking about. Vaginas who needed every topic last topic Yeah Virginia's vaginal health all of the stuff that nobody wants to talk about or really does but that's what we do here in love it love it. I think everyone does WanNa. Talk talk about it. No one wants to be the first. Why do you think as an over you and why do you think talking about magical health or reproductive health is so taboo yeah you know. I think it's just cultural I mean women are not trained and learned how to even say the word Vagina we all have code code words forty percent of women the JJ puddle of love Harry Potter Tunnel of love either the call yours Vagina Vaj Vagina jeans I think I think it's important that we have the conversation because then we can start talking about it yeah. I don't think I was ever taught lake a nickname for it like a good thing. Let's let's a good I've never really been afraid of Jonah's or saying it my mom's also an Obgyn so we had like photos of like the insides of her like surgeries all over the house just so I was like oh great. There's the inside that's good yeah so that's how that's how it should be. I think we all have to start owning it talking about it and racing it loving it and then we can really talk about the issues surrounding it right but she told me her mom. My grandma would never let her talk about it when she was younger would never you couldn't talk about your period. It's you know UN- Taboo. It's taboo you just threat so. I'm glad we're here today yeah. How did you become passionate about this. You know I love talking to women. I really feel like when women come to the office and they put their legs in stirrups. The conversation really begins. You know it just pours out and you're very vulnerable. Who are you know I think I think women are dying to talk about some of the issues surrounding Regina and they just want that comfortable space and on a mission somewhat of a Vagina Revolution solution to continue this conversation and dialogue because because women really do want to know more. What is the most common question people feel kind of uncomfortable to ask but they get it out there? I think definitely is surrounding cleaning the vagina. Yeah you know because we're SORTA taught that you don't clean the vagina because it self cleaning and I think it's really confusing. It's such a confusing topic topic. So is it self-cleaning well. You know here's the thing that's what we hear and read about. The giant is complicated right. We know it's complicated did and I like to think about an analogy about the vagina and self cleaning because we think about your home oven being self cleaning right you still have to clean gene the stove top right and that's when we were looking at the vagina because the inside of the vagina is has tons of healthy bacteria and it does clean itself is have tears takes care of it similar to the inside of the giant at the outside the vulva that is another area of the term term Jonah and the entrance to the vagina these are areas that have to be clean because they're exposed to sweat and bacteria especially from the rectum blood from our period area right so it's messy and dirty and this is why we have to clean the outside of the vagina and preferably you know with Vagina. A friendly vagina made specific products right so is there something that like can can you affect how clean or dirty it is is based on what you eat not dirty work but like you eased already ring. Definitely I mean we sort of talk about about what does the vagina taste like right and this is directly related to our diet because if you think about it and I don't know if you've ever wondered wondered what I taste like. Have you ever done the test and stick your finger inside down your personal thought of that. What's collusion you gotta you gotTa wonder because there is a footprint right. There's a vaginal footprint. We all have and just like anything what we eat eight in our diet what we drink we smoke all ends up in our body fluids in our bureau in our vaginal taste and a male as well so when you think about your market list and what should be at the top you know we think about pineapple and Kiwi the and blueberries and mangoes and cucumbers and Lemons and good probiotics that actually make the vagina smell and taste good. I've heard of something called Kito crotch which Yes yes. That's okay so tell us what that is. Well see I I believe Kito crotch exists because if I'm telling you what should be in your fruit salad right then for the same reason when you eat a lot of meats beats high-protein your breath has a special acetone smell well guess what so can your vagina and I believe that ought is just true all across the board so the bad list of foods that can make the smell not so good and taste not so good are going to a lot of spices and onions and garlic and you know curry and and to Merak sorry I'll you bone people that use it bone aches but also the ABC vegetables like asparagus how it makes your urine smell. Okay people say this but I've never noticed it and I eat a lot of asparagus so maybe it's become come just so common should go in with a girlfriend letter smelly but also broadly scientists study the control group. Yo you know asparagus Broccoli and cabbage and cauliflower. These are the typical vegetables that can cause odors so you sort of have the good lists and bad list right the Christopher's vegetables. It's so funny I remember my counselor in camp. I was way too young for her to be telling me this but you should be eating like for like mangoes and Pineapples for your for your vagina to taste is nine eighteen seventeen sexually active and teaching me my prepubescent so she was very forward-looking. Thank you still remember it. So that's you know so what are some common issues that people come to you with and how do they fix them. Yeah well that it. Everybody's got an itchy vagina at some point right and people always equate an itch to yeast infection and oftentimes you know the skin of the vagina can become very dehydrated right if you if you think about sort of the skin in this very sensitive area area. It's always important to take care of it like our face. If we took care of our vagina like we do our face we clean it. We hydrate it. moisturizes it so this is ways to prevent sort of dehydration and sort of aging of skin but the ITCH is very common for women and there are a lot of feminine eminent hygiene rituals and products that we use on our vagina that outside the Vulva are era. I'm talking about that can be very irritating and it can be you know soaps. That aren't vaginas specific. Maybe too much fragrance or the bubble baths or you know you're wearing pads because you get an extra discharge. You want to catch our soil cycling things like that can cause tissue to become very dehydrated and very itchy so that's something that's not always related to to an infection and it could just be. Hey better have a better feminine hygiene ritual that can make the skin moisturizing. You never thought about moisturizing my vagina. Neither and it's interesting because the skin is like thin right fichus in your it's also not sun-exposed hopefully we'll. You never think it's doesn't look California. They do you know it's it's really true. Though I'm I am a huge fan of moisturizing the Jonah and the best way to do it is getting extra virgin coconut oil and you take a handful and warm water and you so can if you do it for twenty minutes three or four times a week. You're going to have the softest skin and vagina in town because it's trump's in the water and it's very moisturizing so oh it's all about how can we take care of the vagina in the same way we do our face and use special products that are very specific for the vagina an and that's why. I'm a huge fan of summers. Even I've been using and talking about I use it personally but I've been talking about it for years to my patients because you you have to protect the vagina use specific products that have been dermatological tested on skin tested by the gynecologist. You know that don't have horrible dies and parabens in it and just are very safe and Ph balanced and the vagina very temperamental right. It's complicated and temperamental all two different. Ph balanced changes so why not use a product that is just for the vagina and it's just the perfect partner. So what do you what do you you use or what do you recommend people use well. I as I said I love the summer's. Eve intimate wash washes that they have they. They have great soft gentle fragrances that are hell easy gentle on the on the outside of the vagina use it every day sometimes twice if I'm workout got it night and it just I just have no problem and then I- moisturised with other products that that helped the skin so this may be tim I but my vagina has is no problems much great not team I in this but it's this is important. I I love that. We're talking about it because women need to not oppy filled with any embarrassment or shame. You need to wash your vagina the outside and the entrance every day. Let's be clear. Let's talk about some of the misunderstandings that a lot of women are having. I've a question about when it comes to hair removal so obviously like a lot of women want to either wax or they'll get Eliezer or something shave. Which of those do you think is best or worst and I've ever see encounter product problems from any of those things will well absolutely and it's a great question and I think this is where you know the skin of the Vagina Labia on the outside of the Volvo s were calling it now you you know when you remove it. When you shave it. It's going to be comeback thicker just like it would on our legs and there's a lot more chance of having ingrown hair when you shave. I've whack seeing tends to be less but you still can get ingrown hairs and might after Loofah and then honestly lasers probably the best us even though it's not always as you know cost friendly for patients but it definitely always work well. It doesn't work out like that long so you certainly yeah. It's not complete but again. If you're you have to make sure the vagina the Volvo area's cleaned loofah and moisturizing is very very helpful but also it can dry the skin out talking about dehydration. You know it can shaving is very hard on the skin. It can make the a skin very dry. Yes definitely there's no like worry about Lee Putting Eliezer near your reproductive organ. I always know the laser zor is just on the skin. It doesn't have any harmful effects on the ovary. Your eggs are safe and it doesn't have any issues. Choose their and of course you know. I always like to go to a medical doctor for laser. Don't go down the street to a pop up kind of place that it does good advice honestly because there's so many things you can get groupon for leasing all know groupon. Maybe getting a good price but it's probably not gonna work because really the the better. Our quality lasers are often more expensive and oftentimes you know sort of physicians are going to be more likely to be using the best quality
Lyft Going Public: The Dual-Class Share Dilemma
"Lift the company is busy filing all kinds of papers. And as part of that they announced that they are planning to issue to kinds of common stock class. An Cosby Matt LeVine is a columnist at Bloomberg opinion off of my worst cost really. Yeah. Well, it's like the normal one. And then class b is the weird one the stall key by on your e-trade account class-a stock? It's your plain vanilla stock class b stock. Well, no difference really on the face of it usually worth the same price part of the same company, but one key difference class as talk has one vote per share and Cosby's talk has twenty per share in the case of lift one share of class as stock get you one vote and one share of class b stock gets you twenty votes twenty votes, and that is today's indicator twenty that is the number of votes as single share of lift class b stock will get you would get a B class stock founders in the case of lift cO, finders Logan green and John Zimmer and nobody else. So what is up with these class b shares? Why would the founder of a company do this? Used to be that way us hope sock was like you had to give up voting control your company, but that's not what he wants. He wants to keep control of his company, and it turns out because is willing to give him money, you know, for stock without demanding control of his company. And so he takes it takes so back in the day. You took your company public you sold shares to the public, and there was this tradeoff on the one hand, you all this money on the other hand, you give up some control of your company. So if the shareholders did not like what you were doing they could vote you out you could be out on your ear. Also, if you wanted to do something fancy with the stock they could stop you so CEO's, especially Texas started using these class b shares to create stalk with the super voting par giving themselves a ton of votes. So that they can maintain control of the company they get all the money, and they keep all the power a win win. And then the situation the power never trickles down to the people. If the finders sell their class, b shares the buyer of those shares. Does not get that twenty vote deal. The shares usually convert to class eight years a crummy single vote. So why would investors put up with this? I asked Matt living this question. And he said there were a couple of main reasons the first is that these companies were just so hot people wanted a piece of them so badly and investor said, okay, and they surrendered their usual rights. But there was another reason a lot of investors started to see it as a plus when Facebook went public CEO, Mark Zuckerberg, a tiny group of insiders got a ton of these class b superhero shares which essentially meant the Mark Zuckerberg had complete control of Facebook. And when the company went public the Wimpy class A-Shares traded really really, well, it was super popular. But Mark zuckerberg's outsized power. Also, ended up paying off for investors because good example of the successes. Mark Zuckerberg did a lot of move that were kind of look like weird corporate. Governance like, you just went and bought, you know, whatever it's like little oversight sort of felt like a sort of a company that was not like run by best principles of corporate, governance, necessarily, and it turned out to be wildly successful for shareholders. And they put loads of money, right? Because he actually was good at it says a lot of investors, especially investors in tech companies with these celebrity genius, inventor of CEO types, actually started to really like the fact that shares of stock came with no voting muscle became kind of like a selling point like don't worry. No, slutty small-minded investors going to step in and Swart, you know, the geniuses vision. Which is this is actually as you. It's protecting your investment in no way. Because like what you're really signing up for is Mark Zuckerberg and the only way to make sure that you're getting works to all the votes. Dougal Lincoln groupon. They old it. But when Snapchat went public Matt says that was kind of the peak for class b shares not. As a even weirder version, where public shareholders have no votes at all. And only the have any votes. Hey, why not let the suckers by the shares and not get any voting rights Snapchat? This moment, though, is when the markets kind of struck back at the whole class, b shares idea the keepers of some of these big indexes like the S and P five hundred decided enough was enough said, we're not going to list companies that have so called dual class shares and the excluded Snapchat. Now, this was a big deal because of index funds. Now, those are funds that are pegged to an entire index. For instance, the S and P five hundred so with the S and P five hundred goes up the index fund goes up, and if you have money in a 4._0._1._K a lot of that is probably in index funds. We are talking trillions of dollars and these index funds will not invest in your company if it's not listed on the index. So getting excluded from an index like the S and P five hundred means that you are. Leaving a lot of money on the table. But the index is like, okay, listen, we turn to blind eye to Facebook and Google, but Snapchat, you've gone too, far you want the money, you cannot keep all the power to. This is a breakdown of the whole system you wanna take people's money. You have to answer to them. And we're Matt LeVine heard this. He thought will is it jewel class. Shares are over the time has come to an end year ago. I would have said well, the fact that the indexes are down as early about fine for the continuing viability this, but no turns out. Along comes lift at the sides, no index funds for us. But so be it. This probably means that lift won't ever make it onto the S and P five hundred index, but they did this. Anyway, they said we want control so much the will willing to give up this a lot of money a lot of money the jewel share model class. A and class b shares not dead yet, extremely popular and becoming more popular among tech extremely unpopular and becoming more popular among big public investor's attention. That's why the indexes are dying because the public because behind more popular public investors like every comes to market once I do class stock, and it's terrible. And we hate it. And we got to do something about it was like one or two when it was like Facebook. It's like fine whatever, but every company has its come frustrating for investors. If your stock is hot enough, and if you are enough of a cult of genius techie type, you might just be able to have your. Go public and control it too. And in fact, there has been such crazy demand for shares of lift even though they're not available yet making money, and the companies actually losing money inspect it doesn't make anything that there's speculation that when the company goes public. It will actually exceed the twenty three billion dollar valuation that put on himself twenty three billion dollars. This is cold having your cake and eating it too.