Welcome to RioCodes.com, Register | Sign In

What is Group Buying?

Group buying or collective buying is another form of getting products and services at discounted prices, but on a condition that discount scheme can only be activated if a minimum number of buyers order it. There are sites and clubs specifically build for this purpose like Groupon.com, which even negotiates with the merchants to get massive discount of 50-90% percent on selected products and services.

When the minimum number is reached, signed up customers become eligible for the product and get notified by the email. Group buying online offers the same experience as you would expect to be shopping with your friends on the brick and mortar store.

Answered by: Kimberly

Also View Groupon Coupons | Discounts Coupons

Login to add your answer to this question

Help RioCodes community by sharing your thoughts.

More Discounts Questions

Posted by: Emily on Oct 28 2013
Posted by: Madiha on Oct 27 2013
Posted by: Arjun on Oct 26 2013
Related Shopping Guides