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Saveology: Big-Time Brands With Quick Payout

Saveology jumped into the daily deals space as an ambitious greenhorn, snagging hard-to-get national brands, such as Apple, thanks in part to its quick payout to clients of 70% of the total purchases in 7 days (Groupon and LivingSocial take significantly longer). It entered the space with 4.5 million addresses attained through the other side of its business, which sells home services, such as satellite TV, on a massive scale. Saveology hopes to entice frustrated Groupon clients by offering them other ways of making money, such as email lead generation and overstock clearance. Not to be outdone, Groupon just leapt into the big-brand space last week with $500 discount on a car--meaning that the daily deals industry is likely moving beyond the small business frontier.

Saveology.com