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Magento: a new truly fantastic way to connect with new prospects

Date Added: December 16, 2011 01:41:47 PM
Author: Anastasia
Category: Computers and Internet: Software: eCommerce

Group buying, or collective buying, offers products or services at highly reduced prices if a certain number of people would make the purchase. Nowadays, websites offering group buying have become quite major players in online shopping business. Actually, these services feature a deal of the day once a set number of people agree to buy the product or service. The online group buying market is divided among hundreds of smaller players all over the world. The business model has no real barriers to entry and has gained attention from shoppers and businesses worldwide. According to SmartMoney, by August 2010, there were more than 500 group-buying sites globally, and the number is constantly growing. There is no doubt that most consumers want to save on the purchase of goods and services. In this regard, group buying is the best fit in a modern way of life. Discounts on the collective buying are always notable for their scale, as they allow ordinary consumers to buy goods in bulk. Clothing, footwear, household appliances - all these products can be purchased very cheaply, all you have to do is just find the group of people who are just trying to save money on purchasing the selected product. Group discounts are available if a minimum number of people sign up for the same offer. The scheme of such services is quite simple: in fact, they are nothing but the intermediaries between the seller and the buyer. Firstly, the cost-effectiveness of ongoing actions is determined, along with the amount of discounts as well. Further, the service provides information about the beginning of the shares from the company's partner, having the details of the conditions on its pages, the timing of the event and the minimum number of participants needed to complete the transaction. These strictly time-bound services attract the target audience and create a group of clients who redeem coupons that allow a discount for the service. If the specified minimum client is involved - they will receive their coupons and pay for their services, but if not - just get their money back. Now you can gain from the service of collective purchases as well in your Magento store with the Group Deals Magento extension. This brand new module from aheadWorks is a fantastic way out for those online merchants who want to organize collective purchases process. Group buying is a truly fantastic way for businesses to connect with new prospects. Make new and diverse deals with the Group Deals Magento extension by aheadWorks. Every day you can feature a cool new experience on unbeatable price in your store and assemble a huge group of people with the targeting power to get amazing deals. With the Group Deals Magento extension you can offer products and services at significantly lower prices. The deal takes place when a minimum required number of people buy the product. Moreover, Group Deals is compatible with the Sociable Magento Extension allowing your customers to spread the word about a knock-down price and make the most of your store with the power of collective buying.
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