Business Idea: Start A Daily Deals Website in 2024
Looking to tap into the e-commerce boom without the burden of inventory? Consider starting a daily deals website.
This business model involves partnering with various vendors to offer exclusive discounts on products or services for a limited time. It’s a win-win: consumers get great deals, and vendors reach new customers without heavy marketing efforts.
Setting up a daily deals site requires a robust web platform and reliable merchant agreements.
Your main tasks will involve sourcing deals, managing vendor relationships, and marketing these offers to attract a loyal customer base.
If you're intrigued by facilitating great deals and have a knack for negotiation, this idea could be both lucrative and exciting for you.
Revenue & Profitability
How much do daily deals websites make?
Startup Costs
How much does it cost to start a daily deals website?
- It can cost as low as $5,000 to start a daily deals website.
- It can cost as high as $15,000 to start a daily deals website.
Learn more about the costs of a daily deals website.
Examples Of Successful Daily Deals Websites
Successful daily deals website businesses and case studies
Power Target LLC, with an average growth rate of 20%, is a successful energy company that developed an online energy comparison marketplace called ElectricityRates.com, which has an excellent, 4.6-star rating on Trustpilot with over 1000 reviews, and allows users to compare competitive energy offers from providers and enroll through their fast, simple, and secure process.
PennyCanny is a coupon website founded by Uzair Farooq in 2021 that offers customers free coupons for popular stores like Wayfair, JCPenny, and DoorDash, generating a monthly profit of $3,000 and aiming to expand its coverage to multiple regions and complete a browser extension in the future.
See full list of successful daily deals websites.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
