What are daily Deals?

Group buying websites have become an international phenomenon offering amazing daily deals to customers on a host of products. At 5hop5.ie you can find some of the best offers tailor-made for Irish consumers in one location – but how does the concept work?

Websites such as Groupon, Citydeal.ie, Livingsocial.com and more, collaborate unique offers from a host of retailers at discount prices and then relay these to consumers. The daily deals are effectively an assurance contract in that if enough people sign up for the deal it becomes available to all – but if not enough sign up, then nobody gets that deal.

The daily deals idea benefits both consumers and retailers alike. Retailers can advertise their services to new customers and potentially attract new business with the reassurance that even though they may be offering a significant discount on their service, the deal only becomes available once a certain number of consumers sign up. Meanwhile, consumers benefit from getting significant discounts and potentially the opportunity to try unique experiences.

All a customer has to do is click the “buy now” button. If enough people sign up for the offer, then the daily deal is on. If not enough sign up, then you don’t lose any money and the deal is simply cancelled. On other occasions the deals may be straightforward “buy now” offers – such as unique discounts on products that are available to individuals without group buying.

What’s great is that these daily deals are available across Ireland with separate sections for consumers in: Belfast, Cork, Dublin, East Coast and Midlands, Galway, North West, Shannon Region, South East, South West, West, and of course some national deals are also available.

So what are you waiting for? Check out the listings and see what daily deals are available in your region of Ireland now.