It may not be recognised by any particular culture but it cannot be denied the 2010 has been the year of the discount voucher. Eighteen months ago people would have been embarrassed to pull out a 241 voucher to pay for lunch, now they are embarrassed if they forgot to print it off!
I now receive at least two weekly emails with discount vouchers and deals, one from
Money Saving Expert and one from
Voucher Codes. These slightly older style of money saving email inform me of any special offers running, any discount codes which I can use and any vouchers which I can print off to use in store.
I have also recently signed up to the daily deals from
Groupon and
Living Social. These have a slightly different approach to discount codes than the previous category. With these you generally pay £x for a voucher which you can redeem in a shop/restaurant etc for a greater value than you paid, e.g. £2x. This requires you to pay up-front and the deals are usually only available for 24 hours, however the vouchers tend to be valid for at least a month, usually three months. The risk here is that you will not get around to using your voucher before it expires.
As you can imagine, my email inbox is fairly inundated with deals, vouchers and special offers and I love it! I scan the emails and delete them if they are not of interest or save or buy from them if they are. As a result of Groupon vouchers I have purchased I have eaten at two very nice restaurants, which I would not have thought to go to without the voucher, for excellent value in the last month. I will also be getting my teeth whitened at a £110 saving! Not to mention the hundreds of savings I have made from the Money Saving Expert emails which I have been receiving for over a year now. How did we live without them?!?
I think the key question is, what are the implications of this to businesses? Chain restaurants are now almost constantly offering BOGOFF, 241, 241 for £1, 2 for £10/£12 or 50% off, so would you go there without a voucher or deal? It doesn't matter how appetising those excluded sections of the menu are, the food covered by the voucher is delicious and great value and probably what I would get anyway so I am not going to pay full price for something I can usually get exactly the same at a discount.
On the other hand, one meal which was worth around £45 and cost me £19 (for two people) with a Groupon introduced me to a restaurant I had never been to before. I had a delicious meal and liked the staff and ambiance and would happily go back to that restaurant on another occasion. I was willing to take the risk and try somewhere new because it was only £19, however this was a one-off and I am aware that if I go back I will have to pay full price.
The psychology of discounting is a complicated one, which I cannot begin to fathom. However, you cannot deny that 2010 has been the year of the discount!