Buy Groceries With Others To Beat Inflation? How Group Buy Works: Bargain Hunters | On The Red Dot
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- čas přidán 5. 06. 2024
- Everything’s getting more expensive, but some have found a way to beat inflation. Banding together to buy in bulk gets better prices and helps defray delivery costs. This is the magic of group buy. From groceries and ready-to-eats to home fixtures, savings can be as much as 30% to thousands of dollars. Host Andrea Chong hunts down bargain hunters who rule the world of group buy.
Jazmine Ng regularly uses group buy to purchase groceries, snacks, and other household items, saving about 20-30% of her household expenses per month. Her group buy host, Kelly Sia, reveals her bargain hunting prowess. She manages two group buy groups while running her own home and managing her kids. But Candy Pan takes it to the next level. She manages several group buy groups that reach out to a network of 60,000 bargain hunters, tops it all. How does she do it and what is in it for her?
00:00 Prices going up across Singapore
02:08 Buying a steamboat spread through group buy
04:31 What are the benefits of a group buy?
07:34 How do group buy groups work?
12:00 Group buy Super Host has over 100 collectors a week
16:58 Testing group buy samples
19:24 Buying household appliances in bulk?
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People don't realise the FULL cost of dishonesty in their society. This host who puts the group buy items on the corridor can run her business without being too worried about the items being stolen. Opportunities are created. Savings are made. etc.. That's truly wonderful.
When I visit a country where I'm concerned about snatch thieves grabbing my phone or handbag or burglaries are common, this sort of business would be much more costly to run.
alamak auntie. no one will steal group buy items now. but after this goes out on the internet........ a lot of people will know there are free goods outside. hahaha
Singaporeans are not poor that they sink so low to steal. Even the poorest of the poor in Singapore have morals.
Just go jail then don't have to worry about food and shelter.
Just hope the group buy host is trustable. I once joined a group buy and the host went MIA, even though they did honour a few of the purchases before they MIA.
On a smaller scale, this somewhat puts virtual corporate buying power in the hands of the group buy consumers. Nice concept. My family does this amongst ourselves on various products - food and otherwise.
Wow. Never knew such communal purchase exists. Great job CNA!
this auntie ah. now they have to install CCTV outside cause you exposed them.
Mrs. Jasmine are so humble and creative.
Usually people who join stays near the host and u order and the host will tell u what time and when to collect. Cameras are essential in case people steal cause these items are usually outside their houses.
Imo.. its ok to do a group buy as long we use item ..but sometimes in the end ..we end up hv too many things that we cannot finish and expired.
Inflation is much better than deflation.
Deflation will cause prices lower. But that's an oversimplification of the problem for those who can't think far enough.
For example, the current deflation in China 🇨🇳 can cause:
- manufacture closures because they import high price, export low price,
- farmers can't harvest,
- layoffs and high unemployment,
- more home foreclosures because house values are less than what they owe the banks,
- The real value of China's debt will increase making it hard for China to pay debts,
- GDP declines,
Countries tackle inflation with raising interest rates.
For deflation, it takes decades to get rid of it with no good solution.
Interesting concept
Do Group Buy item which is broken offer exchange or refund ? For furniture and electronic equipment do it comes with warranty ? How to claim warranty when you do not even have a official invoice from official business entity ? Do the quality of Group Buy item guaranteed ? A lot of questions that we need to ask when we buy from Group Buy.
Not just Singapore, worldwide. We in Indonesia are also battling rising prices.
They didn't count the money spent on their electric bill, come on. You might save a few dollars via groupby, but you pay more for your electricity😅
I’m going to make a software for group buying groceries here in the US, people can buy what they normally do, the app will aggregate data from everyone single purchases into a single bulk order purchase for discounts, then people will have the choice to either pickup their groceries or have it delivered for an additional fee, I’ll make money by charging a monthly subscription fee
Eggs is so expensive! Lots of things are cheaper when supermarket special offer.
Anyone have link for the candy pan yishun group buy? Seems like she really cover all areas of items.
no wonder the reduction in shopping centre revenue. it is like de-centralised distribution, a good model.
For perishables shouldn't be sold like this.. some products the cold chain is broken.
I wonder how many people says Good Bye to Group Buy every month. 😂
I have neighbour hosting group buy. Once it was like living next to wet market. Reported to HDB but still hosting it. Really want to move out after MOP.
😂😂😂
The only North American instance of this I've heard of is buying a cow from a farmer to split up the beef cuts. 🐮🔀🥩
There is no need in the US. Costco and Walmart do the work for people.
Or you can just go online and find the cheapest price.
Can HSA/ NEA/ SFA look into this? Are the imported food regulated and safe for consumption?
Is it income taxable?
I will be unhappy if somebody in my block is a group buy host, especially if it is on my floor level. This will cause more use of the lift, so I may have to wait longer. Then taking space on the common space, which is no no ! Then losing a bit of privacy because more people walking around in my block that don't actually live there. Sorry, I will complain.
Hmmm. Basically, the host runs her own provision shop loh
so it's actually a 'warung', family grocery stall but on demand
If group buy saves money and have traction, will taxation come in?😅
this is something kpop stans been doing for years its called Group Order
When you group buy stuff you actually don't need or wouldn't have bought otherwise and think you saved money...
can IRAS tax this?
I’m curious how much the host earns out of it..
Now we know that you know we know you now........
11/11 or 12/12… yeah, that says a lot for someone who hasnt an Idea what she’s talking about. Like what is that, buy 11 pay for 11?
I'm from indonesia....now in indonesia...the chain of commerce (samll store- reseller) in trouble...all producer (manufacturer...importer) due to e-commerce can directly sale to user....all effect down in sale because of this e-commerce. And start happening in singapore....i hope we all can find some balance in the future due to this e-commerce. I'm not saying ecommerce is bad but i also can't say this ecommerce make me easier to make money if i dont have any product of my own.
Profit involved hor? Taxable~ Using public spaces~ Liable~ :O
Probably will not work in Yishun.
The supergroup is at yishun!
How the host earn $$?
Economies of scale drives inflation from the group of the richer to the community of the poorer. It's a major cause of poverty.
I buy food and throw half of it away just for a laugh
ok edgelord
Can group buy cars not. LOL
isnt that the same as 拼多多 from china? Lols
You totally lost me at "fashion influencer". Can't watch.
Aiyah, the Drea Chong doesnt speak so well...
poor choice of host for this programme
Drea Chong is yayapapaya and unlikable
Group Buy ? More like group think.
The items don’t look fresh. The host kept it for themeselves ?
Daily groceries are what I put in my body for subsistence. I will never trust a host motivated by profits to settle such a important task for me. Not even with that 30% cheaper rate.
On the side note , time to charge these host higher taxes !