When we are buying any stuff out there, it is just require simple steps which you can just pay and go. As for online group buying, the buying process might be slightly different when compare to normal buying process.
1. View the deals that you are interested from any online group buying sites.
- This is the time when you get to know what you will get from the good deals with the affordable price. Other than that, you need to know how long do the deals is going on and the redemption period. Do check the requirements and rules carefully.
2. Sign up an account.
- You need to sign up an account for yourself in order to purchase deals from any of the online group buying sites. This step is pretty simple because you just need to fill in your personal details and get started to buy!
3. Proceed to the payment.
- At this stage, you need to choose your payment method. For online group buying, you need to make sure that your bank account can do online transfer or you may have credit card and debit card to make the payment.Moreover, you need to make sure the details of your bank must be correct.
4. Print the coupon out.
- The final step of the buying process is print out the coupon of the deal and you can now enjoy the deals that you have purchase.
HAPPY SHOPPING!
Sunday, 12 February 2012
The Future of Online Group Buying
Now, people used to shop online. What about the future? Nobody walk on the department stall? Everyone will just staying at home and facing computers? Who knows? If it is, what about the future of online group buying? Will it be the future for retail?
Online group buying might just be a trend for now or it might be the way that consumers come to expect retailers to sell their services. Anyhow, that has proven to be effective and cheap. Therefore, it is worth to try out for now. Maybe it will producing a much return higher than your traditional print marketing or even your search engine marketing efforts, who knows?
According to a news report on website, it says about the group buying backflash is in full force, heightened recently by skepticism around Groupon's IPO and Facebook's decision to exit part of the deals business. However, this is only the short-sighted, it is still not confirm.
In future, what will be the future of online group buying? It is still under a riddle.
Online group buying might just be a trend for now or it might be the way that consumers come to expect retailers to sell their services. Anyhow, that has proven to be effective and cheap. Therefore, it is worth to try out for now. Maybe it will producing a much return higher than your traditional print marketing or even your search engine marketing efforts, who knows?
According to a news report on website, it says about the group buying backflash is in full force, heightened recently by skepticism around Groupon's IPO and Facebook's decision to exit part of the deals business. However, this is only the short-sighted, it is still not confirm.
In future, what will be the future of online group buying? It is still under a riddle.
Sunday, 5 February 2012
Analysis of the poll question (week 1)
The trend of online group buying with the online coupon business has really trending up in Malaysia nowadays. Most of Malaysian consumers have started to purchase online coupons after being attracted on the discounts offered. Due to this, our group thought it would be great to list out some of the more popular online shopping platforms in the Malaysia and provide readers with a good overview of Malaysia’s online group buying shopping platforms.
There are 15 people vote for the poll question. The result shows that there are 11 people usually visit Groupon when they want to buy stuff in online. Most of them response Groupon is a free online group buying website that offers a different deal on something fun to do, good food, a new experience. It’s basically a gift certificate at a discount. Besides that, Groupon also available in 42 cities so people will choose Groupon as their first preference. There are 3 people prefer Livingsocial and 2 people choose Daily Deals. The people choose Livingsocial and Daily Deals response that Groupon will only make the deal official if a certain number of people purchase it, while LivingSocial and Daily Deals offer the deal regardless of how many people buy it. Compare with Groupon, Livingsocial and Daily Deals, there are no one choose MilkADeal and other sites. We had been asked some of the responders and they response that MilkADeal is not famous and popular as other sites. They couldn't trust the site so they rather choose the popular group buying sites to purchase their goods.
Top 5 online group buying websites
Online group buying (tuangou), became popular in China as early as 2005. China consumers formed groups that would bargain for goods ranging from household supplies to automobiles. At that time, more than 2,000 online group buying sites were already competing aggressively in a highly saturated market so in this week i had analysis some of the popular online group buying websites to help consumer have a mutual understanding of the viral nature of this coupon phenomenon. I thought it would be helpful to provide a short list of some of the top online group buying websites.
Groupon
This is the original group buying and coupon website that sparked it all. Due to its fantastic funding, Groupon offers the most local deals in the most cities across the US, thus making it the most popular option. An added plus of Groupon is that someone can purchase Groupons for their friends or buy gift certificates as well turning this service into a very nice gift option.
BuyWithMe
Although BuyWithMe still only has a limited presence in the US, this site is unique in that it promotes its daily deals through the social web. In addition, and to the advantage of local merchants, this service cancels any deals if the business promoting it does not obtain the sales volume or numbers that it requires.
SocialBuy
SocialBuy, relying more on email marketing to promote their daily deals, showcases special deals on local products and services from food to health products. A nice added bonus that this website offers is a $10 credit in SocialBucks for every friend referred to the service.
Living social
Very similar to Groupon, Livingsocial assembles large online groups of people to leverage the collective bargaining power to obtain unbeatable deals and discounts on local products and services.
PriceBunch
Much like the other group buying websites, Pricebunch offers some fantastic deals. It might be not popular and famous as others group buying website but it offers up some very useful testimonials and reviews for each daily deal so that consumers can make an informed purchasing decision.
Groupon
This is the original group buying and coupon website that sparked it all. Due to its fantastic funding, Groupon offers the most local deals in the most cities across the US, thus making it the most popular option. An added plus of Groupon is that someone can purchase Groupons for their friends or buy gift certificates as well turning this service into a very nice gift option.
BuyWithMe
Although BuyWithMe still only has a limited presence in the US, this site is unique in that it promotes its daily deals through the social web. In addition, and to the advantage of local merchants, this service cancels any deals if the business promoting it does not obtain the sales volume or numbers that it requires.
SocialBuy
SocialBuy, relying more on email marketing to promote their daily deals, showcases special deals on local products and services from food to health products. A nice added bonus that this website offers is a $10 credit in SocialBucks for every friend referred to the service.
Living social
Very similar to Groupon, Livingsocial assembles large online groups of people to leverage the collective bargaining power to obtain unbeatable deals and discounts on local products and services.
PriceBunch
Much like the other group buying websites, Pricebunch offers some fantastic deals. It might be not popular and famous as others group buying website but it offers up some very useful testimonials and reviews for each daily deal so that consumers can make an informed purchasing decision.
Saturday, 4 February 2012
The Tips of Online Group Buying
Why people used to shop online with a group of people? There must be reasons. It might be some people who just shop without thinking rationally. Maybe they just buy because they think it is worth. Or maybe they just buy the product following the popularity.
Now, we're here to share the tips of online group buying. Shop rationally, think twice before you buy the product.
1. Think carefully, count smartly.
Think twice and calculate, is that really a good deal? Consumer can do some research by asking friends and family around or went somewhere to find out. Because we won't know the actual price of the product. But just because they stated there 50% offer, people believes it. But it might be the seller purposely raise up the actual price and says that it was a promotion, so that people believe it and they are earning. It is not possible that the seller do this but they are losing money. It might be possible they do this way for advertising their product, who knows? Therefore, consumer has to find out the truth and the actual price of the product before they decide to purchase.
2. Read the find print carefully and contact the merchant.
Some of the deal has terms and conditions on their fine print such as "only valid on weekdays" or "3 days in advance is required for appointments". Every different deal has different terms. Consumer has to read carefully then only decide wants to deal or not. Some of the deal does not written the information correctly or does not written information on their fine print. Therefore consumer has to take action to contact the merchant to find out whether how it actually works.
3. Beware of the numbers of buyers and be flexible with redemption dates.
Some of the company will set the limited numbers of buyers so that they would not be over purchase and they can handle they job. Imagine if there are 1000 consumer have bought the voucher and they voucher are only valid for 3 months. The company might be full of booking everyday and the voucher will be useless. Hence, consumer has to beware of the numbers of buyers and also the date of expires.
4. Beware of phishing sites.
Be careful with phishing or fake websites that looks like a real group buying website. The phishing sites might cash out your money indirectly through paying transaction.
Now, we're here to share the tips of online group buying. Shop rationally, think twice before you buy the product.
1. Think carefully, count smartly.
Think twice and calculate, is that really a good deal? Consumer can do some research by asking friends and family around or went somewhere to find out. Because we won't know the actual price of the product. But just because they stated there 50% offer, people believes it. But it might be the seller purposely raise up the actual price and says that it was a promotion, so that people believe it and they are earning. It is not possible that the seller do this but they are losing money. It might be possible they do this way for advertising their product, who knows? Therefore, consumer has to find out the truth and the actual price of the product before they decide to purchase.
2. Read the find print carefully and contact the merchant.
Some of the deal has terms and conditions on their fine print such as "only valid on weekdays" or "3 days in advance is required for appointments". Every different deal has different terms. Consumer has to read carefully then only decide wants to deal or not. Some of the deal does not written the information correctly or does not written information on their fine print. Therefore consumer has to take action to contact the merchant to find out whether how it actually works.
3. Beware of the numbers of buyers and be flexible with redemption dates.
Some of the company will set the limited numbers of buyers so that they would not be over purchase and they can handle they job. Imagine if there are 1000 consumer have bought the voucher and they voucher are only valid for 3 months. The company might be full of booking everyday and the voucher will be useless. Hence, consumer has to beware of the numbers of buyers and also the date of expires.
4. Beware of phishing sites.
Be careful with phishing or fake websites that looks like a real group buying website. The phishing sites might cash out your money indirectly through paying transaction.
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