Group Purchases – One of the Biggest Web Trends in 2010

Group Purchases - One of the Biggest Web Trends in 2010

Can we get a better deal by buying together? Of course we always do it, when we buy more, we get a discount. But hey, I only need a few of those, I can’t possibly buy in bulk not even if I get all my friends together. But hey, who says you need your friends along to get a deal? You can get one easily on the Internet without any big issue, doesn’t matter even if you are buying one or ten!

Tu??ng?u – the original concept which loosely translates as team buying or group buying (also known as store mobbing), which started in China. That’s the idea behind a new type of “group purchase” website – at least one of which might be worth more than $ 1 billion.

Group buying has been one of the biggest web trends in 2010 and it comes with a simple principle, if there are enough people to buy, it comes with a huge discount. The discounts are so super that sometimes people land up getting 50% to 75% of the product cost. However if a number is not reached, the deal is not viable and does not go through resulting a no deal.

Even investors today see this as a hot trend and millions of dollars are being invested in such group buying sites. The catch here is simple – one single site cannot possibly cover the all the local markets and all the cities of the world. At the end of the day, it’s all saving money, every penny saved is every penny earned!

A few notable names in group buying portals are

Today it is relatively simple to start your own group buying portal. There are a lot of web development companies which are focused on development of websites. Agile Technosys is one of the premier providers for web development and with 225 talented web designers, web developers and project managers on board, Agile Technosys has the right expertise to develop a group buying portal for you. There are already 8 different group buy models being worked upon and worked at Agile Technosys.