THE ORIGIN OF GROUP BUYING CONCEPT

Group buying, also known as collective buying,offers products and services at significantlyreduced prices on the condition that aminimum number of buyers would make thepurchase. Origins of group buying can be tracedto China where team buying was executed toget discount prices from retailer when a largegroup of people were willing to buy the sameitem. In recent time, group buying websiteshave emerged as a major player in onlineshopping business. Typically, these websitesfeature Daily deal script , with the deal kickingin once a set number of people agree to buythe product or service. Buyers then print off avoucher to claim their discount at the retailer.Many of the group-buying sites work bynegotiating deals with local merchants andpromising to deliver crowds in exchange fordiscounts.

HOW IT WORKS?

The Daily deal business model works byoffering retailers the opportunity to marketdiscounted services or products directly to thecustomers of the deal company. The dealcompany takes a profit from the deals soldthrough direct marketing efforts such as email.It benefits both retailers and consumers asretailers build brand loyalty and while quicklymoving surplus inventory. If subscribers to adiscount website are tempted by a discountoffer, they enter their payment details onlineand wait. Once a minimum number of peoplesign up for the same offer, the deal isconfirmed and a voucher is sent to theirinboxes. Shops, restaurants and other retailersthat partner with these discount websites haveto take hefty price cuts. But it means they haveinstant access to a whole new group ofcustomers.

ECONOMICS SCALE

• Save an hefty dollar through Group buying

Economies of scale here generally refers tothe degree of savings that you can makespecially from your retail purchases. Takethe above example where the buyersavailing an discount of $25 on the $50 T-shirt, which is just about 50% discount onthe T-shirt, where if a buyer tries topurchase the T-shirt single handedlywould be paying $50, so the power ofGroup buying mainly helps in saving themoney excessively and exclusively.

GROUPON

Groupon is the daily deal website that serves lots ofmajor international markets, offering one couponper day in each these markets. You can’t goanywhere online these days without spotting aGroupon ad. It’s theory as we all know – the socialfeatures of its deep-discount offers for localmerchants — a certain size group had to sign up inorder for the deal to be “on” has been the reasonfor the huge success. Back in 2010 Groupon wasexpected to make $800m this year – and in amarket with an awareness of just 10%, imaginewhat their future earnings could be like. Grouponhave announced that in 2011 they will be gunningfor a turnover of $1.5bn, which tells you somethingabout the growth of the group buying industrywhen the market leader is targeting nearly 100%growth in a year, and with so much more to offerand provide you can just imagine it’s scale-growthfor 2012 and the upcoming years.

OWNING GROUP BUYING WEBSITE EASILY!

• If you are currently looking to start your own group buying website then groupbuying script is the smartest and easiest way

• Groupon Clone is NCrypted’s group buying script. The daily deal website thatbrings you deals prevailing in your city right in your inbox each day. It could bedeep discounts on food, entertainment, holiday or things to buy. For over a year,Ncrypted has been selling the customized group buying script and enablingentrepreneurs and businesses around the world to build highly profitable groupbuying websites.

WHY CHOOSE THIS SCRIPT?

Key Features of NCrypted’s Groupon Clone

Easy to manage deals: Easy to add, edit and delete any deals

Excellent communication system: Online users can communicate with you as well as with users who are online.

Payment procedure becomes easy: Usage of PayPal and PayPal Payments Pro is required for the acceptance of credit cards.

Systematic and accurate reporting of the data: Data can be in the form of text, charts or bars as well as it is easy to export as excel and pdf files.

Easy to understand: The script possesses neat and clean code and therefore it is easy to understand.

For more information visit www.ncrypted.net/groupon-clone

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ABOUT US

NCrypted Technologies is providing a platform for website clones, rather than providing areadymade website clones script. The main benefit is that you can get 100% copyright ownershipfor all the source code, graphics and the DBA, where in readymade website clones scripts you can’tget same.

You can Hire Offshore Developers to develop websites clones like AirBNB Clone, Groupon Clone,Craig list Clone, Facebook clone and many more from NCrypted on monthly basis contract, projectbasis as well as hourly basis.

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