What is a group buying platform?

Group buying, also known as collective buying, offers products and services at significantly reduced prices on the condition that a minimum number of buyers would make the purchase. In recent times, group buying websites such as Pinduoduo in China have emerged in the online shopping business.

What can you buy as a group?

A group buy can be executed in a few different ways….Additionally, the following types of businesses may also offer group discounts:

• Cellphone companies.
• Ski resorts.
• Cruise lines.
• Sporting event venues.
• Airlines.
• Lawn care and maintenance companies.
• Resorts.

Are group buys illegal?

The U.S. Supreme Court has ruled this type of market allocation to be per se illegal as a horizontal restraint of trade. Perhaps one of the most dangerous areas of antitrust law which confronts buying groups is the prohibition against price fixing.

How do I create a buying group?

1. Decide who can be members.
2. Find initial members.
3. Decide goods or services to buy.
4. Set up organisation: Revisit aims. Governance. Legal Structure. Appoint officers. Register with authorities.
5. Start trading!
6. Find out about providers.
7. Negotiate with suppliers.
8. Organising tasks.

What is Group Buy Banggood?

Banggood Group Buy is a social promotion where you get discounts when you buy together with other people. You can get impressive discounts just by inviting your friends to join.

Are Buying groups legal?

Buyer cartels are per se illegal but buying groups are subject to the “rule of reason” in antitrust law; yet, the two types of activity are hard to distinguish in a variety of circumstances.

What is the difference between a GPO and an IDN?

GPO revenues include administrative fees that you would pay to provide products through the organization. IDNs, networks of hospitals, care facilities, and healthcare providers, work together to provide the full spectrum of healthcare services —from primary and acute care to nursing homes and home health services.