RIGA - The collective buying Web site appeared a few years ago in Latvia as a completely new Internet business model. The model wasn’t created in Latvia, but was taken from the American Groupon.com Web site, with its appearance in 2008 which was compared with the ‘new Google’ in terms of success and possible profit levels. Now the U.S. company has 50 million subscribers and operates in 35 countries.The model appeared to be quite profitable also in Latvia, at least as more and more businesspeople want to try this niche and are creating collective buying Web sites. T...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.
In case you don't have a subscription yet - please visit our
SUBSCRIPTION section
