Times Are Tough…Could You Live off the Groupon for $100k?

With unemployment, the economy and how to cut back on all of our minds – Groupon recently caught our attention.

What is Groupon? Think of coupons, but with collective buying power. Groupon is a website that offers a local “deal of the day” on food, merchandise or services and it can be anywhere from 50 to 90 percent off the regular price. The catch is you only get the deal if enough people buy.

Groupon is getting even more press these days. Why? It is offering some lucky person a chance to live off the Groupon….

According the site – Groupon is offering “one person to attempt to survive for one year with nothing but a laptop, cellphone, and an unlimited supply of Groupons. If successful, that person will receive $100,000!”

• A 90 second video introducing yourself (provide YouTube link)
• A 400 – 500 word essay on why you think we should choose you to live off Groupons for a year.
• Visit a featured Groupon business and write a short essay about your experience; videotape yourself speaking with an employee or customer you don't know.

It certainly sounds intriguing....

We know that Groupon will receive the media attention that it desires from this promotion, but will it be worth it for someone to give it all up for the Groupon?