A new trend of group buying or bulk buying has emerged on the web since global recession. In group buying a fixed number of consumers successfully band together to get better, profitable deals or deep discounts on products and services which are used every day. Groupon.com, one among the famous group buying services, was recently valued at above $1 billion, which clearly shows the importance and fame of group buying services in today’s economic condition.
There are many other group buying websites apart from Groupon.com and LivingSocial. LivingSocial and the other fleet of competitors of Groupon.com now have millions of subscribers from all over the world. These competitors include websites like Tipper and Lifebooker and many other smaller and medium groupon clone script websites.
Group buying websites or deal websites offer deals from local businesses. Typical offer from daily deal websites or Groupon clone script websites include deep discounts to visit restaurants, coupons for saving money for purchasing domestic items from retail stores, or tickets to watch movies. Each deal or promotion becomes valid only if a fixed number of customers sign-up for it. If it doesn’t happen within the stipulated time, the deal gets cancelled automatically.
Although group buying process is still in its earlier stages, bulk buying or group buying is poised to become one of the biggest and most demanding trend in the coming years.