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News & Features Business Know-How Groupon rivals and the daily deal industry

Groupon rivals and the daily deal industry

Written by Charlotte Hogg on Tuesday, 08 May 2012 09:38
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Darshana Shah and co-owner Marcus Ubl have developed a new daily deal site, LyncMeUp, to bring quality products and services to consumers at affordable prices and help SMEs promote themselves to larger audiences without any upfront charges.  Although this model has already been capitalised by businesses such as Groupon, Darshana and Marcus believe that the Daily Deal industry is fast becoming an essential part of a company’s marketing/promotional spend. LyncMeUp aims to be a quality provider of the daily deal service and will work in collaboration with other media and marketing channels to contribute to the eco-system of promotions. The team argue that unlike other Daily Deal models, LyncMeUp gets in sync with their consumers, fully understanding what they want before they link them up with the heavily discounted products or services.

LyncMeUp is Darshana’s brain child and I was keen to understand the road which had led to her taking on one of the fastest growing and largest dotcom businesses of recent years.
Darshana has spent years supporting businesses and entrepreneurs internationally. Recently, in her role as a General Manager of a global events company, Darshana grew the business in several countries through various online marketing strategies and promotional activity online. Prior to this, Darshana had significant experience in Media Sales and managed advertising and promotion projects for more than 30 key clients. It was whilst doing this that Darshana noticed that a lot of small businesses struggled to get a Return On Investment from traditional marketing channels.  When she first heard about the Daily Deal model, she realised that this could be a key part of the marketing mix for small businesses and became very excited about how she might be able to move this forward.

Darshana has teamed up with co-owner Marcus Ubl, a serial entrepreneur who has founded businesses such as Triumphant Events and Entrevo.  In the last 6 months, LyncMeUp has been well received in 42 cities. The team have a growing, loyal customer database with more than 20% of consumers purchasing more than once.

Like all businesses, the team have faced a number of challenges and have found it difficult to maintain a high quality of customer service and team training in such a fast paced and highly pressurised environment.  Darshana has found, however, that being one of few women in the daily deal industry has worked in her favour. She has gained a lot of support from others and feels she builds a better relationship with her consumers, given that over 70% of daily deal customers are female.

Cherie Blair spotted Darshana’s potential at the recent Women’s Empowerment Day but Darshana’s ambitions for the future are both grounded and focused. She hopes to experience continued growth and more market awareness of LyncMeUp, she is searching for fun and exciting new deals and is committed to delivering great value to both consumers and clients without paying a premium.

To other entrepreneurs Darshana says, ‘Having a business plan is good but you must constantly test and measure all business activities to be ahead of the game. There is a lot of research to be done on an industry before you start a business and it is important that you don’t underestimate that’. She also recommends the principles of talent dynamics saying, ‘There is no ‘I’ in success. Entrepreneurs need a team who has a good track record with complimentary skillset to be part of the vision’. The team at LyncMeUp have used these principles to build their innovative team whom I believe will give the key players in the Daily Deals Industry a good run for their money.

Last modified on Tuesday, 08 May 2012 16:43
Charlotte Hogg

Charlotte Hogg

Charlotte Hogg is the Founder and CEO of The New Education. After being involved with the launch of over 30 startups, Charlotte has created a unique training programme for entrepreneurs, corporate organisations and fundraisers who are looking to create change, manage their mindset or innovate effectively. Charlotte is also author of The Handbook of Entrepreneurial Marketing, is a well respected public speaker and a mentor at both the Peter Jones Enterprise Academy and Doug Richards School 4 Creative Startups.

Website: www.theneweducation.co.uk/

comments  

 
+2 # Sophie 2012-05-08 14:33
Fantastic and empowering feature to read.. well done LyncMeUp!
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+2 # Hana S 2012-05-08 15:41
It's a great take on how daily deals help businesses. before this article i used to question why businesses would go to a deal site, but this makes sense.Good story.

thk u for sharing. :-)
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+1 # Aarti 2012-05-09 02:11
Lyncmeup is great! Cheers to Darshana & Marcus! We love your deals ;-)
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+3 # Hannah 2012-05-09 09:29
Such a great article! Well done to Darshana & Marcus for making LyncMeUp what it has become. Daily Deal sites are one of the top fastest growing industries in the world, and I have no doubt LyncMeUp will me a market leader in no time. Look forward to seeing how it's boomed again, I'm sure in the next 6-12 months.
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+2 # Anthony Partling 2012-05-09 11:38
This is a poignant piece - looking forward to future articles Charlotte
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0 # Mel 2012-05-10 00:36
We hear about the daily deal industry in the papers all the time and Groupon is always in the news.. but rarely have i come across why this platform is so popular. this article is very insightful.. specially frm the merchant's point of view.
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+1 # Prashant 2012-05-10 07:08
Lyncmeup has great ideas and gives great deals. It's good to see excellent offers coming through this site. Very convenient, useful and interesting. Good show.
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+1 # Diane Priestley 2012-05-10 09:03
Excellent feature about an exciting new business. Congratulations to Darshana and Marcus on their innovative, intelligent and hard-working approach.
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+1 # Entrepreneur Country 2012-05-10 09:22
Another article from Entrepreneur Country you may all find interesting is called 'Free web tool helps businesses generate capital, it is listed below:

http://www.entrepreneurcountry.com/news-features/technology/item/1883-free-web-tool-helps-businesses-generate-capital
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+1 # Alma Clark 2012-05-10 20:58
Well done Darshana & Marcus. No doubt LyncMeUp will continue to grow & we love your deals :)
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0 # katie 2012-12-04 13:23
8) cool article.. i love daily deals
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