subject: Group Buying --- The Power Of Team To Create Discounts [print this page] Group buying --- the power of team to create discounts
The power is accumulated to cut price on goods and services you wish to see, eat, do, and own from panoramic scene to savory meal, to memorable fun, to enviable belonging.
Over the last few years, group buying is on the way of becoming a household name. Though, shoppers are still finding this easy-grasping concept hard-to-understand sometimes, online shoppers are perhaps quite familiar with the term inspired by the team work. Two is better than one when it is a matter of roughneck or roustabout job or solving a riddle. The same applies to buying. When people team up to buy a line of products, group buying brightens the chances of decrease in final prices. At least, principally this should happen. Take it in another way. Retailers cut down prices on products as they expect a crowd of customers sweep away the stocks from the shelves, entitling them of reward points from wholesalers or straight incentives on bulk selling.
Introduced in the online world, group buying in this way gives online shoppers discounts on goods and services. The saving for customers making online purchase is sometimes unbelievingly as huge as 90 per cent as numbers of customers flock in big numbers to buy the product. Few group buying websites link drops in discounts proportional to numbers of customers. As numbers of customers increase, so do the discounts on a product. These discounts portals offer products called deals on daily basis. What as an online shopper you have to do is to buy a goods or service purchased by other customers to avail discounts once certain numbers of customers click on buying or reach at the deals tipping point.
Online shoppers can find a large numbers of goods and services on group buying sites. While group buying provides goods and services against special low prices, this also gets customers rid of routine hassles they have to face while availing discounts on brick and mortar outlets. Especially, in major cities of US, customers always look for ways to escape these hassles such as traffic congestion that saps out not only energy but exhausts commuters to the point of fatigue. Time waste is also unavoidable when you stuck in traffic jams in New York City, San Francisco or other downtowns. The Christian Science Monitor citing ABC News report said US citizens had wasted 4.2 billion hours in traffic congestions in 2007. The hours are equal to a full working week.
The advantages of online shopping are numerous. Group buying is powering them. You do not need to worry about how to give a try to group buying as simple typing the key word in a search engine would give out a whole lot of links. There are not less than 200 group buying sites also called daily deal sites operating in US alone. They cover as more as 90 cities in a row. Groupon and Living Social are market leaders in daily deals offering local deals for citizens of all major metropolises. 25 Tuesdays, BeerMenus, BlackboardEats, and Bloomspot are few other group buying portals. With growing use of mobile phones and arrival of modern mobile technologies, some group buying websites also support mobile applications on iPhone or other handheld devices.
This is also called social group buying as the power of bunch of people is rightfully accumulated to provide you with discounts on every product you wish to see, eat, do, and own from panoramic scene to savory meal, to memorable fun, to enviable belonging.
by: Matt York
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