Building Networks of Impact
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Groupon, founded in 2008, aims to support local commerce by enhancing consumer buying power and promoting local merchants, contributing $13 billion to communities. With a global presence and 50% of transactions occurring on mobile devices, they focus on aiding small businesses, which represent a significant portion of U.S. employment and economic activity. The company is committed to continued innovation through new products and services while reinforcing their impact on local communities.
Building Networks of Impact
- 2. BUILDING NETWORKS OF IMPACT JAY KLAUMINZER VP, Sales & Merchant Operations Employee Volunteer Program Executive Sponsor
- 4. MY STORY Frank Sterle’s Slovenian Country House Cleveland, OH
- 5. OUR MISSION To connect local commerce, increasing consumer buying power while driving more business to local merchants through price and discovery. Art Institute of Chicago Chicago, IL
- 6. BY THE NUMBERS 8KEMPLOYEES 1MMERCHANTS 50MCONSUMERS 26COUNTRIES 500MARKETS $13BPUMPED INTO THE LOCAL COMMUNITY Wateriders Chicago, IL
- 7. OUR EVOLUTION 2007 Nov.2008 THE POINT GROUPON IS BORN April2010 GROUPON GOES PUBLIC 1,000,000,000TH GROUPON SOLD Feb.2016 GLOBAL EXPANSION Nov.2011 March2014 50% OF GLOBAL TRANSACTIONS MADE VIA MOBILE DEVICE
- 9. LOVE LOCAL Tonga Room & Hurricane Bar San Francisco, CA Small businesses account for 99% of all US businesses. *JP Morgan Chase, “Cash is King, Flows, Balances, and Buffer Days,” September 2016
- 10. LOVE LOCAL 90% of the businesses Groupon works with have 20 employees or fewer. Taverna 750 Chicago, IL
- 11. WHY LOCAL Small businesses employ 48% of all US workers. Pedestrian Shops Boulder, CO *JP Morgan Chase, “Cash is King, Flows, Balances, and Buffer Days,” September 2016
- 12. WHY LOCAL Small businesses are responsible for 42% of net job creation. Wrigley Field Chicago, IL *JP Morgan Chase, “Cash is King, Flows, Balances, and Buffer Days,” September 2016
- 13. Small businesses account for over $8 trillion of the total GDP in the US. WHY LOCAL Pike Place Market Seattle, WA *JP Morgan Chase, “Cash is King, Flows, Balances, and Buffer Days,” September 2016
- 14. WHY LOCAL Small businesses produce 34% of all exports from US. Stranahan’s Colorado Whiskey Denver, CO *JP Morgan Chase, “Cash is King, Flows, Balances, and Buffer Days,” September 2016
- 15. THE CHALLENGE
- 16. THE DIGITAL DISADVANTAGE El Mariachi Chicago, IL In 2014, the 200 national advertisers spent $72 billion in marketing. *Ad Age, “Big Spenders on a Budget,” July 2015
- 17. THE SOLUTION Rippy’s Bar & Grill Nashville, TN We provide a marketing platform that is trackable.
- 22. Yassa African Restaurant Chicago, IL Groupon is committed to helping people and communities thrive. IN THE COMMUNITY
- 23. CAUSE MARKETING
- 24. OUR IMPACT $13BPUMPED INTO THE LOCAL COMMUNITY
- 25. WHAT’S NEXT Lucid Brewery Minneapolis, MN • Continue to build a daily habit • New products and services • Invest in new customers