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What Is Group Buy and How Can Everyone Benefit From It? As consumers, we are always looking for new ways to make the most out of our money. Apart from scouring the Internet for new deals or searching for exclusive rebates, we can choose to join group-buying communities to enjoy great savings; secure items below retail price by purchasing in bulk. Essentially, by combining the purchasing power and asking for wholesale rates, the more buyers there are, the lower the cost will be for everyone.
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More often than not, remote vendors tend to charge a high delivery fee because of the extra mileage that they are required to cover on each delivery. Now let’s be real! It would not be financially sustainable for 1 person to order from 10 different businesses and cough up the exorbitant delivery fees that often range between $5 to $20 each time. Take this for example, 1 buyer having to pay $20 for delivery versus if there were 5 buyers that wished to purchase from the same vendor where each person would essentially only need to pay $4. Using the same concept, imagine how much more you’d save if there were more buyers. As a result, to address the gap and offer the community more practical choices, Group Buy in Singapore was born - to help as many people as possible save on delivery expenses & order food that is inaccessible to them.
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