SOURCE: CoupFlip

CoupFlip

June 25, 2012 09:00 ET

CoupFlip Launches Boston Site for Buying and Selling Daily Deals

Site Gives Boston Bargain Hunters a Place to Find Deep Discounts and Last-Minute Savings

BOSTON, MA--(Marketwire - Jun 25, 2012) - People are always buying daily deals that they later regret. Maybe time is running out and it will just go unused, maybe it was an impulse purchase and buyer's remorse has set in. Then there are people looking for the true bargains and daily deals just aren't enough. They want deals on deals.

That's why today, CoupFlip is announcing CoupFlip Boston, a site that gives Boston-area deal hunters a place to sell their daily deals in seconds as well as buy daily deals in an active secondary market.

"People are always trying to buy and sell their Groupons and Living Socials," said CoupFlip Founder and CEO Phil McDonnell. "You see them for sale all over Craigslist, but sellers lack a fast way to get fair market value for their daily deals and buyers can't find what they're looking for easily. We buy the deals outright from sellers, then help buyers to find what they're looking for. Whether that means searching by location, type or even expiration. We have discounts on everything from vacations to dinners to kids' activities."

The site works by paying sellers immediately for their deal based on the company's proprietary technology that values the deal based on such factors as expiration, value and quantity sold. CoupFlip then markets those deals on its site, providing buyers with an easy way to identify what they want, make the purchase and use the deal immediately.

As much as 30 percent of the $5 billion in annual deals sold go unused. A CoupFlip survey found that an additional 30 percent of deal buyers would have sold their deals given the opportunity to do so. This represents a large need in the industry that has yet to be filled.

The site is perfect for:

  • Foodies looking for last-minute deals on restaurants they want to try;
  • Vacationers who want a great getaway at low prices;
  • Parents in need of weekend fun but without a big expense; and
  • Anyone who wants a spa deal, entertainment or even deals on clothing.

CoupFlip Boston is available immediately for buyers and sellers. You can find it online at http://www.coupflip.com/boston.

About CoupFlip
CoupFlip is the only site that actively buys daily deals and then sells them on its fast-growing secondary market. Founded by several recent graduates of Dartmouth's Tuck School of Business, CoupFlip is backed by billionaire Ulrich Otto's BV Group. Find CoupFlip online at http://www.coupflip.com.

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