What are Daily Deal Sites?
Daily deal sites, or group-buying sites as they are sometimes called, are websites which feature a deal (or deals) a day and the deal(s) lasts for 24 hours. Daily deal sites are similar to flash sale sites, except the deals last for a shorter period of time--1 day only. The most popular daily deal sites are Groupon and Living Social. Most feature discounts on activities, services and restaurants in your city, but some do feature national deals.
How Do I Use Daily Deal Sites?
To use daily deal sites, you must sign up for their daily email. They will send you an email every morning with the local deal of the day. An example could be a $40 voucher to a local restaurant that you could buy for $19. Or $7 for a voucher for a bucket of golf balls and lunch at a local golf course, which you could buy for yourself and a friend. If you are interested, simply click-through to the website and purchase your deal. Within a day or two you will see the voucher you just purchased in your account. If it's an online deal, there will be a code on the voucher that you will use when redeeming your deal (most of the time during the checkout process). Otherwise, you can print your deal voucher and redeem it at the deal location. Most vouchers don't expire for 6 months or a year, so you will have plenty of time to use them.
How to Save Money with Daily Deal Sites
You can save money with daily deal sites by buying deals through them, and using them to save money on restaurants, to save money on sports, to save money on services, and the list goes on. Most daily deal sites offer discounts of up to 50-60% off. If you save 50% on local services, local activities and eating out at restaurants, those savings add up!
Most daily deal sites also reward you for referring friends or sharing deals with your friends. Some daily deal sites, like Groupon, give you a $10 credit for referring a friend that makes a purchase. Others, such as Living Social, give you the deal for free if you share it with friends and three of your friends purchase it. Sharing deals and referring friends is a great way to save money (or earn money depending on how you look at it!) with daily deal sites.
You can also use cashback sites to get a rebate on your daily deal purchases to make them even cheaper.
In conclusion, daily deal sites can save you money by offering you products and services at big discounts. However, make sure to check the conditions before you buy deals so that you know you are getting a bargain. Also, check the expiration dates and don't forget to redeem them! Enjoy your savings!