The traditional system of restaurants distributing coupons has been around for many years, but in our modern and ever-changing technological landscape, the system of traditional coupons is quickly becoming obsolete. Restaurants spend A LOT of money on coupons and the majority of those coupons are never even used! They usually order thousands of coupons through a third party coupon company and attempt to distribute them through various channels.
According to recent statistics, in 2017, 293 billion coupons were distributed, but only 2 billion were redeemed! The reason for this is that traditional coupons are very cumbersome, hard to find when they are needed, and they often come with many restrictions. Old school Coupons have no place in our changing world, especially within the world of restaurants. People are moving faster than ever now, and so many of our common services work for us instantly (like Uber, Netflix, Amazon, etc.). Also, People in our modern world don’t have the time to sort through and organize so many different coupons!
Instabids platform presents an extremely innovative solution to the coupon problem that can save restaurants money and provide them with a way to quickly fill up their empty tables by providing customers with offers instantly! Customers can finally get coupons fast and when they need them! Instabids is rapidly changing the way the world looks at coupons by introducing on-demand digital discounts through a bidding process that allows coupons to be generated when they are requested. Through this process, diners can get deals on-demand and restaurants will be able to quickly fill up their empty tables!
