I was part of a group buy about 10 ish years ago now where we managed to get a LCD TV for well under what anyone could negotiate but looking at the threads here, it is looking like it is not a thing anymore. There is one there from 2017 for a LG OLED but nothing came of it. Interested on peoples thoughts.
Are Group Buys a Thing Anymore? LG CX 65
Lcooper78 on 12/05/2020 - 12:31
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I'm intrigued. How does it work?
Well, that is the problem. It either does or it doesn't.
It is like trying to herd cats…
There needs to be a stand out product that everyone wants.
Someone that is prepared to "do a deal"
Someone to gather the funds, manage the trauma and distribute product.so basically a one-off distribution operation, including sourcing from the manufacturer or some retailer/distributor that's willing to offer a bulk purchase discount?
That sounds….difficult. As in, 'not worth it for the organiser' level difficult. Unless they skim profit off each unit.
Yes. For any number of reasons.
Often stock was in one place, so Freight and Insurance added a lot particularly if bulky, or when people lived in remote places… I don't think the organiser had an Insurable Interest in the item…Also, the sort of quantities would often be quite high to qualify and people were flaky. This happened a lot on pre-release products. Peoples interest changed, sometimes they caved and bought something else while waiting.
I like the idea though.
@holdenmg: yeah but in effect the organiser is doing for that product what a retailer does for each of its products - source at a decent price and hopefully sell all units to members of the public. Except they're doing it without the resources/protections a business has.
Actually they're effectively doing a groupon/cudo/<insert_groupbuy_businessname_here>
That is right, needs to be a good amount of people who would commit and a supplier who will sell them at a very low price. I asked the supplier when I picked up my TV how much he is making and he said it is actually costing him $50 for each TV he was selling in the groupbuy but the store had a deal with Sony where they get a free TV for every 9 they sell which was enabling him to do it.
It could work if the retailer is willing to deliver as part of the cost.
I'm in the market for a cx65, but I was going to wait for eofy sales. If you get some traction I would be interested.
I was waiting for eofy deals on this tv too, did not come across any…..
Black Friday? Cyber Monday? Fingers crossed…
I still find great deals on Automatic watches on Drop.com
Hi, DTV Forum used to try to organise Group Buys, but it is gone…
https://forums.whirlpool.net.au/archive/822691