Business Idea

Start A Discount Code Sharing Business

About

Starting a discount code sharing business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell discount, or selling discount online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$18.4B
starting costs
$9.29K
gross margin
65%
time to build
7 months

About

Starting a discount code sharing business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell discount, or selling discount online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$18.4B
starting costs
$9.29K

 

gross margin
65%
time to build
7 months

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $0 $7,000
Training & Education Expenses $0 $1,000
Software Expenses $0 $594
Advertising & Marketing Costs $0 $2,750
Website Costs $13 $215
Specific Industry Expenses $0 $100
Total Startup Costs $13 $11,659

Successful Businesses

Business URL Rank
OzBargain ozbargain.com.au #3,414
Dealspotr ― Online Coupons, Promo Codes & Deals dealspotr.com #5,571
OYO Rooms oyorooms.com #8,437
CashKaro cashkaro.com #9,993
Coupons, Discount Codes + Cashback shopback.sg #26,166
DealDrop.com dealdrop.com #33,620
Dental Insurance & Affordable Dental Savings Plans dentalplans.com #76,329
Webtechcoupons.com webtechcoupons.com #115,751
#1 In Share of Stock Gifts giveashare.com #134,960
Fabulessly Frugal fabulesslyfrugal.com #137,546
Medi-Share medishare.com #185,789

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Little startup costs required The cost to start a discount code sharing business costs significantly less money than most businesses, ranging anywhere from 1,313 to 11,659.
Rewarding work Starting a discount code sharing business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
Traffic to your website A discount code sharing business gives people a reason to visit your website and to keep coming back to you!
Cons Description
Crowded Space Competition is high when it comes to your discount code sharing business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Constant maintenance of publication You may find yourself constantly needing to update your discount code sharing business in order to stay relevant for your audience and for those searching on google.
Lack of benefits With a discount code sharing business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.
Isolation Often times, as a discount code sharing business, you typically work alone and do not have much face-to-face interaction with other team members.
Taxes As a discount code sharing business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.
No safety net Typically, as a discount code sharing business, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times.