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Posts Tagged ‘Business Online’

A Guide to Group Buying Site

Sunday, June 16th, 2013

People seem to mix up the classic type of voucher websites where vouchers/coupons and offers are listed out on a directory style website, with the more recent group buying approach. I will explain the group buying approach below.

The group buying approach is basically a method for a group of people to get together and buy some sort of item or service in bulk. This big bulk buy means that discounts can be negotiated. If you think of a single person going into a restaurant for a meal, that person does not really have any bargaining power so they will struggle to get any special discounts under normal circumstances.

Compare this to a large group of people who want to make a booking for a birthday meal. This group of 30 or so are much more likely to negotiate a better deal as the restaurants could do with the huge potential income from such a large group. Not only does the restaurant get the opportunity to make a profit from the birthday meal, they get to win over 30 people and potentially gain some new regulars so it’s worth giving a discount in order to have this privilege.

With a group buying web site, separate people who wish to make a purchase are put in a massive group so that they can be entitled to a discount.

The way that most of the group buying web sites are run goes like this: They go to a potential company, like a restaurant for example, and discuss a discount that the restaurant could offer a group of a specific size. They also negotiate the cut of the price that they get to keep if they can deliver a group of the agreed size. Once this is all agreed, the site puts this deal out to the users, the buyers pay for the offer and once the agreed number is reached the deal ends. The site then pays the seller the cut of the cash that was decided and then the customers are free to use the offer from the seller.

The dealers earnings are diminished in two ways. The first is the discount given and the second is the cut that they have to pay the group buying site. This can be well worth it though as the company received a group of new buyers that they now have the chance to impress.

Online Auction Shopping

Friday, March 23rd, 2012

Online auctions might appear at first glance to be an ideal opportunity to make some extra money in these stricken financial times. Since eBay was launched in 1995 many of the “gurus” have highlighted eBay as an ideal moneymaking opportunity. Participating in online auctions can be a lot of fun! More often than not, you can find yourself on the good end of a great deal on something that you would have bought elsewhere for a lot more money. Online auction shopping can be great, but there are some things to consider when putting your money up on a bid. In this article, we’ll give you some tips when it comes to buying on sites such as eBay.

– When you’re bidding on an item, and the shipping and handling fees are not clearly shown on the bid page, it’s important to discuss them with the seller before you place any bid. Some sellers offer low prices on items only to charge exorbitant fees when it comes to shipping and handling. Clarifying that you aren’t getting ripped off on shipping before you place a bid is of the utmost importance.

– Also, when you find an item you like, it’s important to read the seller’s feedback on their past auctions. Reading how they do business with other people is the cornerstone of ensuring that you’ll have a positive buying experience with the seller.

– If an item really strikes your eye, but it’s at a high price, try checking out the seller’s other auctions. Sometimes sellers offer the same item many times in a row, and you may be able to get a better deal on the same item if you wait around for another auction from the same seller.

– One way that people have been able to successfully score great deals on auction sites is to ‘bid-snipe’. To do a bid-snipe, you just need to look for auctions that are ending in the very near future. If there’s an item with 5 minutes left on it that is selling for a low price, by all means, you should bid just slightly higher than the high bid to secure the item for a steal.

– Ensure that the item is in proper condition before buying. If the seller offers a vague description of a used item, it’s important to make sure that the item meets your expectations before placing a bid. If you’re not cautious, you may end up spending cash on an item that’s in poor or non-working condition.

Follow the above tips, and you’ll find yourself getting better and better deals on auction sites. What’s most important is to know exactly what you’re paying for, and how much you’ll be paying when all is said and done.