Save Money by Using Group Buying Services

Edited by Ian Gabriel T. Tolledo, Anonymous, Lynn, Eng

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Introduction

Did you know that you can save up to 95 percent when you buy products/services using group buying services? It's possible! Group buying sites are on the rise these days, with thousands of people saving more money by bulk buying a product or service from a single source. This allows the retailers to give bulk discounts as well, prompting a win-win situation both for them and their clients.

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It works this way: The company is able to buy bulk products and their savings are passed directly to you (the customer,) while at the same time enhancing their business sales. It's no wonder why group buying is the rage among consumers with this; a $100 item can go as low as $10 when purchased using a group buying service. What's best? You can do the shopping online! No gas, no crowds! Below are the top group buying sites you can try. $$$

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Top 5 Group Buying Sites

  1. 1
    Groupon.
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    I bet most people know or have heard of Groupon. You have, right? Groupon is a website that offers daily deals in cities worldwide. When on the site, simply choose your city and check out what the "deal of the day" is. Offers obviously vary depending on the season, region and market status. Deals include gadgets, tours, and many services (most are beauty services). You will have fun seeing what is available daily. Just remember to keep coming back as deals change regularly. Here's the link: [1]
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  2. 2
    LivingSocial.
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    Like Groupon, it offers deals for cities around the world. It also has special deals, mostly meant for families, and they include a lot of tour packages. What's more, they may also give you your deal free of charge if you get at least three of your friends to purchase too. LivingSocial has special category named "Adventures" and "Escapes". Escapes are deals mostly on vacation and travel purchases, while adventures are various fun activities like rafting, spelunking, wine tasting or a special course (driving lesson, language proficiency, etc.). Here's the link: [2]
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  3. 3
    Juice in the City.
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    Juice in the City is a group buying site especially made for moms. They have neighborhood moms who generate commission by locating and arranging deals, and you can buy with confidence because a lot of the offerings are for places that are already mom-approved. There's no requirement for a certain amount of people to purchase the offer. Once the offer is posted, you can acquire it. What's good about it? You don't need to be a mom to purchase deals! Here's the link: [3]
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  4. 4
    Plum District.
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    Like Juice in the city, Plum District is also a group buying site created for and by moms. This website hires local moms to find out what's good (and what isn't) to create the deals on their website. Plum district also offers a three for free deal, which results in your deal being free if you can find three friends who will purchase the same service or product. Here's the link: [4]
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  5. 5
    Buy with Me.
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    As opposed to offering a deal for just one day, Buy with Me takes a slightly different approach to the group buying process by keeping the deals up for a week, giving you somewhat more breathing room when you dive in for purchase or if you have to wait until payday. There is also a "Buy together with three" program. If at least three of your pals buy the same product too, then you get yours for free. Here's the link: [5]
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Other Active Group Buying Sites

These websites also offer great deals which are more or less the same as the above top five sites:

  1. 1
    Google Offers
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  2. 2
    Wahanda
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  3. 3
    GoGroopie
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  4. 4
    Mighty Deals
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  5. 5
    Amazon Local
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  6. 6
    KGB Deals
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  7. 7
    5pm Deals
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Group Buying 101

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All group buying sites work mostly along the same principles. The basics of using the sites and other general things to be cautious of are as follows:

  1. 1
    For starters, you will have to register with the site (become a member).
    This means that you will be giving your email address and your personal information (contact numbers, home/delivery address). Always read terms and conditions very carefully and make sure that you are using a well-established and reputable site.
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  2. 2
    Take note to remember and be aware of all charges.
    Some group buying sites might add postage, packing or other extra fees.
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  3. 3
    Once you finish the registration, vast numbers of deal alerts will notify you of existing and new offers.
    You can also browse present deals to find those that may be of interest to you.
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  4. 4
    If you are signing up for deals for services such as hotel and restaurant bookings, take note about booking constraints and availability.
    Make sure that you will be able to use the offer before it expires. (Expired vouchers are not redeemable.) What you can do is change the schedule before your voucher expires; this is acceptable for most service deals. Don't forget that the website does not actually guarantee the quality of the venues nor of the items on sale, so personally check out independent reviews before you purchase a deal or sign up.
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  5. 5
    Keep in mind that vouchers should be used within the specified time frame and that payment should be made on receipt of the voucher, even if it may be some time before you receive the item or use the service you are purchasing.
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  6. 6
    Make sure that you're aware of all charges.
    Some sites might add postage, packing and other extra fees.
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More info on Group Buying

Group buying is one of the best ways for you to save money when purchasing goods or services online. There are tons of websites offering significant discounts on a wide range of items or services. They negotiate special deals with various sellers because of their high probability to attract large numbers of buyers.

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Group Buying System

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As you may have seen already, deals are only advertised for a limited time (hours or days at most) and interested buyers can sign up for those deals. The websites, stores and other retailers get their deals by buying in bulk, so most times deals are only activated once a specific number of buyers purchase a particular item.

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  1. 1
    However, if this number is not reached, the deal might be cancelled.
    (Most websites don't do these now, so you can still get the item even if you're the only paying customer.) Those who purchased it, if there is a minimum that isn't reached, are reimbursed.
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  2. 2
    Once you make a purchase, a confirmation email is sent to you explaining how to redeem the discount or when the shipping will occur.
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Tips, Tricks and Warning

  • The deals you see on each website include plenty of information to help you make your decision including product/service reviews in addition to information, and the quantity of people who have committed to purchase the offer to date. They also evidently list any restrictions to the offer in a great easy-to-read format.
  • Bear in mind the website seriously isn't solely responsible for the products purchased, though the Sale of Goods Act may protect you if the goods are faulty.
  • In addition, because the Sale of Goods Act is a relatively new section of consumer law, there is no guarantee that the conventional section 75 protection will connect with credit card purchases.
  • Consumers do incorporate some protection under the Distant Selling Regulations. Just be sure you carefully check the particular privacy, cancellation and refund policies of the site before becoming a buyer of any deals.
  • Ensure you read all terms and conditions carefully, in particular to evaluate that your level of privacy is protected and that your payments are risk-free.
  • As long as you fully comprehend what you're becoming a member of, group-buying sites may offer some fantastic discounts and are a great illustration of how "people power" can function to the benefit of the consumer.
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Questions and Answers

How can I sell on any of the group buying sites as a starter?

I want to sell products on one of the group buying sites that is good for starters like me. If not can I hire an expert to do this for me?

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Article Info

Categories : Online Business & Transactions

Recent edits by: Lynn, Anonymous, Ian Gabriel T. Tolledo

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