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Restaurant.com users - great deal


Puddy
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I bought up a couple yesterday and thought about posting it here, but wasn't sure if people would be into it. If you can find a place you want to try or you actually like, it's a solid deal. Your meal must come up to the minimum and then autograt of 18 - 20 will be added on top of that before discount (which I'm fine with but some might not be). But if you can get a $25 GC for $2 and then spend a min of $35 on food, it looks good to me. They also say that the restuarant.com GCs do not have expiration dates on them. The only thing you have to watch out for is if the restaurant no longer participates with the program or if they go out of business (under both cases, r.com will refund your cost).

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Are they accepted at Jujube and Dos Perros?

We've done Groupon but don't like these coupons. I just don't see how it makes sense for the restaurant. At least when they pitched me the deal, the restaurant gets none of the money on the sale of the coupon. That goes to the website. What the restaurant gets is "exposure". Great, exposure to a website who's single purpose is to connect consumers with coupons. So, as soon as your coupons for the month have sold out, it's useless to you.

 

So, in other words, I'm basically giving someone 50% off to come in and check me out (assuming, of course, that I'm not simply giving someone who already likes my place and was planning on coming down anyway 50%). OK, so I'm really not making anything off that visit. I'm not actually losing anything, unless I have to turn away another table because I'm now full at the prime dining hours. So, best case scenario, they're a new customer and they love the place. Great. Problem is, what's to stop them from just going back next month and buying another coupon? They could come into my place every month (which would very much make them a regular) and I may never make a penny off them any of those times.

 

Contrast this to Groupon:

For starters, I'm the only coupon in my area for the day it runs. Since everyone is trying to get the free deal for referring people, Twitter, Facebook, e-mails are all blowing up about my place for the day. My website gets a ton of traffic. Groupon gives me better than half the take from the day, right away. So, if I sell 1000 $25 gets you $50, I get $15000 up front even if some of these people never use their coupon. Sure, people can come in and spend just the $50 but you set the price so that it's below what a typical couple would spend and that seems to take care of itself (and, since we track the total checks on these, I can say that it nearly always has (though some have surgeon-like precision making their bill total $50 on the dot. Impressive to be sure)). Here's the thing. If someone comes in and likes the place, they can't just go back out and buy another one. Maybe you'll run another deal in a year or so, but if they dig your place, next time they're paying 100%.

 

But the biggest deal is that some regular customer can't say, "Let's go to Jujube, lemme see if they've got a coupon up on restaurant.com." If they bought the groupon (and haven't used it yet), so be it. But that actually has a much larger chance of getting them to come in sooner than they planned than it does of getting them out on the cheap when they were planning on coming anyway. Otherwise, if they want Jujube, they pay me to eat there.

 

All that said, I envy Groupon massively. Those guys are freaking printing money. I actually had to get over this envy big time and see it as a deal that made sense for me. I mean, it can be humbling to realize that someone is basically getting over, even if the deal is good for you as well. What do they have? A couple of massive servers and some coupon writers in Chicago and then independent sales reps working on commission in each market. Even if each of those sales people are making $100K per year, the fact that they're running a coupon in 100s of markets around the country, every day, that are grossing them (that's after the merchant's cut) anywhere from a couple $1000 to upwards of $20K or more. It's no wonder why google and others are trying to throw tons of money at them.

Edited by detlef
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We've done Groupon but don't like these coupons. I just don't see how it makes sense for the restaurant. At least when they pitched me the deal, the restaurant gets none of the money on the sale of the coupon. That goes to the website. What the restaurant gets is "exposure". Great, exposure to a website who's single purpose is to connect consumers with coupons. So, as soon as your coupons for the month have sold out, it's useless to you.

 

So, in other words, I'm basically giving someone 50% off to come in and check me out (assuming, of course, that I'm not simply giving someone who already likes my place and was planning on coming down anyway 50%). OK, so I'm really not making anything off that visit. I'm not actually losing anything, unless I have to turn away another table because I'm now full at the prime dining hours. So, best case scenario, they're a new customer and they love the place. Great. Problem is, what's to stop them from just going back next month and buying another coupon? They could come into my place every month (which would very much make them a regular) and I may never make a penny off them any of those times.

 

Contrast this to Groupon:

For starters, I'm the only coupon in my area for the day it runs. Since everyone is trying to get the free deal for referring people, Twitter, Facebook, e-mails are all blowing up about my place for the day. My website gets a ton of traffic. Groupon gives me better than half the take from the day, right away. So, if I sell 1000 $25 gets you $50, I get $15000 up front even if some of these people never use their coupon. Sure, people can come in and spend just the $50 but you set the price so that it's below what a typical couple would spend and that seems to take care of itself (and, since we track the total checks on these, I can say that it nearly always has (though some have surgeon-like precision making their bill total $50 on the dot. Impressive to be sure)). Here's the thing. If someone comes in and likes the place, they can't just go back out and buy another one. Maybe you'll run another deal in a year or so, but if they dig your place, next time they're paying 100%.

 

But the biggest deal is that some regular customer can't say, "Let's go to Jujube, lemme see if they've got a coupon up on restaurant.com." If they bought the groupon (and haven't used it yet), so be it. But that actually has a much larger chance of getting them to come in sooner than they planned than it does of getting them out on the cheap when they were planning on coming anyway. Otherwise, if they want Jujube, they pay me to eat there.

 

All that said, I envy Groupon massively. Those guys are freaking printing money. I actually had to get over this envy big time and see it as a deal that made sense for me. I mean, it can be humbling to realize that someone is basically getting over, even if the deal is good for you as well. What do they have? A couple of massive servers and some coupon writers in Chicago and then independent sales reps working on commission in each market. Even if each of those sales people are making $100K per year, the fact that they're running a coupon in 100s of markets around the country, every day, that are grossing them (that's after the merchant's cut) anywhere from a couple $1000 to upwards of $20K or more. It's no wonder why google and others are trying to throw tons of money at them.

 

I've used both sites and wonder how restaurant . com makes money for any establishment. I use it as a coupon and nothing more. Really interesting to see how groupon works, awesome idea on their part!

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I've been using their certificates (restaurant.com) for a while. The discount % changes, but if you get on their email list you'll find that the 80% offer comes around about once a month. Be aware that usually you're limited to using a certificate no more than once a month at the same restaurant. Usually they don't include booze. It's worth repeating that the gratuity is added in before the discount.

 

I've used the certificates, not just for local places, but for places I intend to visit. When in Vegas for the FFPC draft I had certificates for BB Kings (booze was included on their cert), Harley Davidson, Hard Rock (or maybe it was Planet Hollywood), and a couple others that I can't remember.

 

BTW - When you use the certificate, it's best to give it to the waitperson prior to them doing up your bill. They actually call it in, so don't try printing out multiple copies of the same one :wacko:

 

Overall I think it's a good deal for the customer.

Edited by ljbrun
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I went to a BBQ place just today and they had a sign on their door that read something like this:

 

"Restaurant.com coupons are NOT being accepted here. They are misrepresenting us, and action is being taken to get us taken off their site"

 

So before you buy anything, regardless of how cheap it is, you might want to call the restaurant to verify the coupon will actually work.

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  • 11 months later...

I hope I am not too late? :wacko:

 

"Hello, and thanks for visiting! Because our deal is so popular today, we are experiencing very high traffic volume. Please do not worry! The sale lasts all week, running through Saturday December 24. So there's plenty of time to place your order for a great restaurant certificate or e-gift card.

Thank you for your patience, and please try again later!

Restaurant.com"

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Just a heads-up that restaurant dot com is offering $25 certificates for $1 thru 12/24.

 

use code "Joy" at checkout.

 

Some great deals to be had...and make sure you red the rules for each restaurant.

Is the offer good on any restaurant? I went to there site, but see that there are different offers for different restaurants? Sorry, I've never been to this site and don't know much about it... but thanks for informing me, I'm sure I'll be giving it a try!

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  • 5 weeks later...

Just a heads up, before purchasing from restaurant.com you might want to check with the restaurant to make sure that they are a) still in business and :wacko: accepting these "coupons"

 

I bought two from different restaurants on 12/20, sure I didn't pay much but that isn't the point...anyway...found out the one place went out of business about 3 weeks before I made my purchase....then when we went to the other place they said they stopped accepting them on Jan 15th...I was pretty much like W..TF...of course I said see ya, wasn't going to give them my money....the reason I wasn't aware that the one place was out of biz was because they were about 45 minutes away and we don't get over to that section of town very often....I do plan on calling restaurant.com to let them have it, and also the corporate office for the other place...so at the end of the day we went to Olive Garden, while waiting my wife noticed a service couple eating at the bar....we talked about buying them a drink but weren't sure if they were drinking...so I went to the other side of the bar and gave the bartender a $20 and asked him to apply it to their bill and to say that a couple said thanks for their service...at least something good came out of the situation.

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