Tuesday, July 31, 2007
Great way to use the Internet!
By utilizing the wide reach of the Internet, likeminded consumers can now team up to bring down the price of products offered online. Already a widespread trend in China where the team buying phenomenon is known as tuanguo, the trend is beginning to get attention in the U.S., as well. By giving users the option to name prices, nag merchants and band with others who want the same products, the opportunity to save cash can grow exponentially.
These are two sites that serve as meeting places for Americans looking to team buy:
NetHaggler: Users first select a product from NetHaggler’s list of stores that includes everything from Nordstrom and Bloomingdale’s to Best Buy and Circuit City. They then specify a preferred price at which the site can aggregate demand and ultimately negotiate with the merchant on behalf of the prospective customers. When a bulk bargain price agreement is reached, NetHaggler notifies all hagglers with the option to buy, but no one is required to buy in the end.
eSwarm: Buyers can either join a current swarm or start a new swarm demanding not only consumer goods, but also anything from health insurance to debt refinancing. As soon as a seller bids on the swarm, no one else can join the swarm and other business have just 48 hours to counter bid. Swarm creators can even add a philanthropic bent to their consumerism by stipulating that a percentage of the total sale is donated to the charity of their choice.
These are two sites that serve as meeting places for Americans looking to team buy:
NetHaggler: Users first select a product from NetHaggler’s list of stores that includes everything from Nordstrom and Bloomingdale’s to Best Buy and Circuit City. They then specify a preferred price at which the site can aggregate demand and ultimately negotiate with the merchant on behalf of the prospective customers. When a bulk bargain price agreement is reached, NetHaggler notifies all hagglers with the option to buy, but no one is required to buy in the end.
eSwarm: Buyers can either join a current swarm or start a new swarm demanding not only consumer goods, but also anything from health insurance to debt refinancing. As soon as a seller bids on the swarm, no one else can join the swarm and other business have just 48 hours to counter bid. Swarm creators can even add a philanthropic bent to their consumerism by stipulating that a percentage of the total sale is donated to the charity of their choice.
Labels: bargains, innovative, internet, shopping
Post a Comment