The recent craze of Group Buying Websites in the Philippines is going full throttle as new group buying websites are popping up almost every week. It has even come to a point where people are offering “Start your own Group Buying Website” services in the internet (check out sulit.com). Even Google (Google Offers) and several niche group buying websites are joining the fray. These niche sites allow you to sell your (valid) unused coupons/vouchers or find deals no longer available on the original websites. With more than 20 active and legitimate group buying websites in the Philippines, it is no wonder that this is indeed a phenomenon that is worth looking into. But before I continue, just what are Group Buying websites?
What are Group Buying Websites?
These are websites offering products and services at a considerably low price. Discounts ranging from 30%-70% and even up to 90% on very good deals can be found on these websites. But what are the rules? Surely something this good cannot exist without some sort of catch? Well, for one thing, it must have a minimum number of buyers to be able to activate/finalize the deal. To elaborate further here is an example:
“TheSuperBestGroupBuyingSiteInTheWorld.com is a group buying site that has partnered with a SPA named SPAfeelgood to offer a deluxe massage at 80% discounted price with a minimum buyer of 100 people. The deal will expire in 2 days.”
The deal will not push through if I bought this service together with only 54 other people and 2 days have already gone by.
The deal will push through if I bought this service together with 184 other people and within 2 days. This means I will have to pay via bank deposit, paypal or credit card to get the coupon to be able to redeem the SPAfeelgood deluxe massage.
Tips and Tricks When Engaging in Group Buying Websites
- If you want the deal so badly but it has not yet met the minimum number of buyers, then spread the news of the deal to your friends, officemates and even on social media (i.e. facebook, multiply and etc.)
- Do not buy things that you do not need or avail of services that you weren’t looking for. Just because you saw an 80% discount on some spa service or some fancy restaurant, doesn’t mean that you should buy them.
- Visit group buying sites first if you are planning on buying a specific item (i.e. camera or etc) or if you are planning to go to a restaurant or avail of some other service e.g. vacation or spa.
- It is a good idea to use these group buying sites if you are planning on giving someone a gift. They also serve as a useful inspiration if you do not know what to give.
- Make sure the site is legit. If you are buying expensive items like cameras, cellphones and other gadgets, it is much better to go for the well established/good reputation group buying sites rather than buy at the ones aren’t well known yet. I don’t mean to discourage trying out new group buying sites, but it’s just safer to get expensive items on sites with a good reputation.
- Always read the fine print for ALL deals – there are some services or discounts that are available on certain days of the week e.g. mon-fri only or lunchtime only.
List of Group Buying Websites
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