Here is something new for Singapore. Beeconomic is here. So, what is Beeconomic? The power of group purchasing and social media. So, what does it means? Read the Press Release after the break.
SHOPPING IN SINGAPORE GETS MORE SOCIAL WITH BEECONOMIC
Just when you think you can’t get a better deal on something fun to do in
Singapore, new site harnessing group purchasing power and social media
proves otherwise
SINGAPORE, 4 May 2010 — Today, Beeconomic launches Beeconomic.com, a refreshingly revolutionary shopping site that capitalises on the power of group purchasing and social media, such as Facebook and Twitter, to offer a daily deal on something cool to do in Singapore.
By using the power of group purchasing and social media, each day, Beeconomic offers Singapore’s best services and activities — including meals at trendy restaurants, spa treatments, fitness classes — at prices consumers will find hard to refuse. Discounts typically range from 50 to 90 per cent, in some instances saving purchasers hundreds of dollars. Customers only get the day’s deal if a minimum number of participants sign up for the deal. “I track Beeconomic to find trendy things to do at great prices,” says Carol Cheong, a former Miss Singapore 2006.
Beeconomic features unbeatable deals on some of the best restaurants, concerts, events, lessons, ‘staycations’, spas and salons in Singapore. Targeted at the Singapore cityslicker who wishes he or she took more advantage of what the city has to offer, Beeconomic saves you the time by doing the homework for you. “A Beeconomic deal is like winning a match but without the sweat,” comments Jaime Wong, Singapore’s youngest national tennis champion.
Upcoming Beeconomic offers of 50 per cent or more include:
| Deal | Merchant | Value | Discount | Savings |
| $1 for 1 hour Indoor Golf
session for up to 4 pax for first 400 coupons |
Max Swing | $80 | 98.8% | $79 |
| $5 for 1 hour Indoor Golf
session for up to 4 pax for first 200 coupons Max Swing $80 93.8% $75 |
Max Swing | $80 | 93.8% | $75 |
| $60 for Facial – Best of
Skintentions |
Bliss | $125 | 52.0% | $65 |
| $15 for $30 of any pizza,
pasta, gelato and drinks |
Sapore
Italiano |
$30 | 50.0% | $15 |
| $30 for 7-day Bikram Yoga
Beginners Intro Weekly Unlimited Pass |
Bikram Yoga
City Hall |
$107 | 72.0% | $77 |
| $50 for 60 minute massage | Spaboutique | $125 | 60.0% | $75 |
| $17 for 2 hour Fun Climb with
instructor and any drink |
Climb Asia | $37 | 54.1% | $20 |
| $30 for Brazilian Bikini Wax –
The Full Monty |
Bliss | $60 | 50.0% | $30 |
| $25 for $50 of any food and
drinks |
Fika | $50 | 50.0% | $25 |
| $40 for 1 Pilates Matwork
class and 1 Pilates Reformer class |
PowerMoves
(Dempsey) |
$120 | 66.7% | $80 |
| $25 for $50 of any food, drink
and shisha |
Going Om
(Haji Lane) |
$50 | 50.0% | $25 |
| $70 for 90 minute massage | Spaboutique | $165 | 57.6% | $95 |
.
“The beauty about Beeconomic is we create a win-win situation for consumers and local businesses. Consumers get to save lots of money at their next outing and local businesses get word of mouth exposure on Facebook and Twitter.” says Karl Chong, founder and managing director of Beeconomic.
“The concept of group buying power has been around for decades. But Facebook and Twitter have made it possible to coordinate group discounts in a much bigger market. Beeconomic does just that – we set a target for the minimum number of buyers to
activate a deal. If enough people buy, the deal is on; otherwise no one gets the deal,” Chong adds.
“By featuring only high quality merchants, Beeconomic positions itself as a city guide on cool things to do at an attractive discount, rather than a coupon service.”
With Beeconomic, everyone is a winner (of a great bargain)
Beeconomic is able to negotiate deals with businesses in Singapore that are only possible by guaranteeing a certain volume of sales. It is also beneficial for consumers as Beeconomic is really a platform for organising all forms of collective action – including group discounts — and it lets people sign up for a Beeconomic deal and only be charged if the “tipping point” is reached*. This removes the risk of participating, because customers know that they only pay if enough people join to get the discount. “We feel that Beeconomic is going to change the way businesses in Singapore reach new customers,” says Lori Villafuerte, general manager of bliss spa, Singapore.
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