What Are The Benefits Of Group Buying?

Social ecommerce is the latest trend in online shopping and this trend is becoming popular day by day. Also, there are reasons to believe that this trend is beneficial for buyers as well as for sellers. If you study the process of social shopping, you will agree that this trend can change your shopping behavior. First, you need to join a social shopping site. You can download its app on your...

Group buying and Inflation

With rising prices and an increase in the number of single-person households, more and more people are looking for cheap daily necessities. Group buying, sometimes referred to as bulk buying or bulk buying, is a purchasing tactic whereby a number of people band together to buy a good or service at a reduced cost. As a way to save money and gain access to deals and discounts that individual...

WHAT IS COMMUNITY GROUP BUYING (CGB)?

Community group buying integrates small orders from households in the community into a larger order. Merchants can deliver the goods in a unified manner, and then the consumers pick them up. By replacing express last-mile delivery, it greatly reduces the logistics cost. Since social networks are the foundation for community group buying, customer acquisition costs are very low. The group buying...

what is group buying?

Group buying, also known as collective buying or bulk buying, is a popular online purchasing model in which a group of individuals come together to buy a product or service at a discounted price. The concept of group buying originated from the traditional practice of bargaining for a better price by purchasing goods in bulk. Group buying websites, such as Groupon and LivingSocial, offer daily...

How Is Group Buying Explained?

If you aren’t into group buying, you are missing something very important that others are taking advantage of. What buyers are doing is they are making groups for buying products. It is called group buying and it is beneficial for both the buyers and sellers. What is social media shopping? It is an idea of using social networks for shopping. Just like there are platforms for sharing pictures...

What Is The Idea Of Group Buying?

Group buying isn’t a new concept but it is presented in a new form so everyone understands the idea. When you buy a product in a bulk quantity like buying 100 t-shirts of the same color and size, you expect more discount from the seller. Here you can call it profit sharing. Let’s understand the concept with examples You buy 100 t-shirts from a retail store. In other words, the retailer makes...