What to do with those coupons that you impulsively bought off of Groupon, Living Social, Ideeli, or any of the many other discounted ‘deal of the day’ sites? Sell ‘em!
That’s right, there’s a site for everything these days, and selling coupons, while initially relegated to online bulletin board sites, such as Craig’s List, have established their own re-sale sites and are open for business.
In case you’re not in the know about these daily deal sites, they provide a great, affordable way to discover what a city has to offer by selling heavily discounted deals for services and products in your area or online - With deals like Living Social’s Amazon price buster, offering a $20 gift card for $10 and surpassing one million gift cards sold, there are sure to be some “miss-buys.” You thought you wanted, or needed it, but in the end it was something you were never going to use.
After doing a little investigation, I came up with several names of deal for “resale” businesses, with a few emerging as the leaders of the pack. DealsGoRound, CoupRecoup, and Lifesta are suddenly making an impact in the market.
Yael Gavish, co-founder of Lifesta, says she saw a need for a forum focused on the aftermarket. She had a friend visiting her in New York, who had purchased a Groupon certificate. Unfortunately, when the friend arrived, they discovered the restaurant was closed for renovations. Her friend was out the money, but the idea was created.
"People buy daily deals and they all work on the impulse buy," explains Yael Gavish of Lifesta.com. "So you think you're definitely going to this, but then, it turns out that 20-40 percent of these daily deals are never really used." Their site has seen a monthly growth of 50 percent, mainly through word of mouth.
A great solution for “buyers remorse” if I ever saw one!
If the president's budget doesn't get implemented, the government will end up running on a CR for roughly three straight years, a policy outcome few find optimal. But the closer politicians get to the 2012 elections, the less interest there is in governing.
"I find it hard to believe that they're actually going to be able to come up with a budget resolution that will pass both the House and Senate," said federal budget-watcher Stan Collender, a partner in the Washington, D.C. office of Qorvis Communications.
The House Republican leadership might conceivably be willing to find some common ground with the White House, but they've got the Tea Party to contend with, he said.
"Unlike Gingrich in '95 and '96," Collender said, referring to then-House majority leader Newt Gingrich, "these guys don't have the permission to compromise." The Tea Party "defines compromise as collaborating with the enemy.
"So I think there's going to be a shutdown," he said.
The current continuing resolution extends through March 4 at midnight. If there isn't new funding legislation passed by both houses and signed by the president before then, the government won't be able to spend money, and its nonessential parts will closed for business.
All that leaves Obama's fiscal 2012 budget proposal looking relevant "only in the macro sense," Collender said. The five-year freeze on domestic discretionary spending, for instance, certainly establishes a ceiling for funding.
But beyond that, he said, "this is a year when the individual proposals just won't be important."
If Obama's budget proposal dies a quiet death, it'll have few mourners. It has so far been savaged by liberals for slashing social programs and conservatives for raising taxes and not cutting enough.
"Despite his promises to make the U.S. a more attractive place to business in and do business from, President Obama is proposing $129 billion in tax increases on American firms doing business abroad. Not only will these tax hikes make U.S. businesses less competitive, but they would threaten jobs back home as well," complained Scott Hodge, president of the conservative Tax Foundation.
John Irons, research and policy director for the liberal-leaning Economic Policy Institute, had the opposite reaction. "The president's top economic priority should be job creation, but the proposed budget does too little and turns too quickly toward deficit reduction," he said. "The economic context -- unemployment at or above 9 percent for 21 months, unemployment that is expected to remain elevated for years -- demands a stronger response."
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