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...

What Is Social E-Commerce?

Social e-commerce has changed the rules of the market. Now people shop in groups and get surprising prices. Sellers have little objection to slashing prices to attract groups. They want to get bulk orders from groups. It is the latest trend in the market and it is expected to strengthen in the coming days. Let’s discuss group shopping in detail In group shopping, people form groups and place...

Everything You Should Know About Pinduoduo Group Purchasing

The first site to challenge JD.com and Alibaba's hegemony in Chinese e-commerce is Pinduoduo, which launched around 2015. Pinduoduo is a legitimate example of an e-commerce business that capitalizes on social commerce and entertainment buying growth by offering group purchase options. The network's layout and user interface are designed for surfing rather than research, and offering discounts for...

How Does A Social E-Commerce Site Work?

  Online shopping has plenty of benefits. When you shop online, you save money and time. Brands give discounts to attract buyers. But you can take your online shopping a step ahead with social e-commerce shopping. Instead of buying from websites, you can buy from a social network connected to creators, retailers, and producers. What is a social marketplace? It is a social media platform used...

Group Buying, A Modern Pattern of Shopping

Group purchasing is a type of internet shopping in which numerous customers join together to acquire a certain item in bulk at a reduced cost per customer. The notion of group buying, often referred as collaborative buying as well as crowd buying, leverages the strength of purchasing by bulk to reduce the price of every item. Such e-commerce approach results in a win-win situation for all...