Sunday 5 February 2012

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.

3 comments:

  1. i love groupon!Their servicing it's good, they gave very good and immediate respond, very efficient and informative reply. And it takes only few seconds to load the websites which it's very much faster than other online group buying websites, which it's very much impressive.

    ReplyDelete
  2. Its a very detailed article that provides many useful information I needed for a beginner like me..by the way i prefer groupon to purchase stuff. As i know most of my friends are groupon's user.

    ReplyDelete
  3. 高朋有人说很不错的,就是现在活动少些,关注中。

    ReplyDelete