What can be said about cudo? Cudo is a daily deals website similar to jumponit, buyii, and spreet. The company describes itself as collective shopping, where a large user base enables them to get such great deals. In fact, in order to take advantage of these deals, a minimum order of sales must be met. If the number is not met, the deal is not delivered. That is one reason that referring friends can be of the utmost importance. In fact, cudo offers a $10 refer a friend program to get their user’s friends all on board. Cudo even has spokespeople and can even be seen on TV commercials. The market for using collective buying sites is on the rise and definitely worth looking into, as many daily deals articles and commentary suggest.
Cudo has many city specific offers in cities such as Sydney, Melbourne, Brisbane, and Perth just to name a few. There are also some nationwide offers that are posted on the site. Users can be emailed the daily deal and then determine if they want more info or actually buy the deal. If they do not want it, they have nothing to do. If it is a desired item, the consumer can click on the site and add their name to the purchase list to become part of the buying community. Signing up on the site is easy and can be quickly done. Signing up and viewing the deals that are offered daily are enough to aid in learning about the city without ever stepping a foot out until ready to.
Cudo also offers the ability for business owners to expand their business. Though they do not leave companies out, service oriented businesses such as restaurants, spas, and theaters can easily have their name put out on the circuit for more exposure than they may be getting with their own form of advertising. Also, the idea of having at least a certain number of sales also appeals to many business owners. Knowing that a deal will sell 50 or 100 of items where in daily sales you may sell 5 makes a big difference in revenue. Cudo can help make those extra sales possible. In a world where competition is growing, sellers can easily try to come out on top and make new loyal customers. If you are still a little unsure, contact cudo today and get a representative to talk more with you about how to develop a partnership with them.
Collective shopping is native to China, where tuangou was started. This group buying concept is only a few years old, but old enough and tried enough to say that it works! It is now expanding around the globe in hope that people will be able to save their hard earned money. Cudo is one such site that may not save enough money to make you a millionaire, but will leave you with some spare to enjoy life a little more.
Tuesday, June 14, 2011
Monday, June 6, 2011
What is group buying?
Group buying is also reffered to as collective buying or daily deals and is a mechanism which provides buyers with the opportunity to enjoy huge bargains on products and services they really need to buy. The significantly low prices are offered provided that a minimum number of buyers would purchase the product or service.
Group buying sites differ from normal sites where purchases can be made largely because of the deals and rewards offered. Most of the group buying sites operate by negotiating with local businesses and making a deal for a significant discount in exchange for the promise of a large amount of customers.
These sites like Groupon and LivingSocial work by approaching local merchants and requesting them to wipe off 50 - 90% off standard prices in exchange for large volumes of sales and the publicity the merchant would receive. These could range from restaurant deals to spa deals to retails consumer commodities.
It is believed that Groupon would charge about 50% of the gain while LivingSocial would take 30% to 50%. This too depends on the type of deal they strike with the seller.
The origin of Group buying has been traced back to China where they practiced team buying or Tuángòu. Teams of people with a common need would get together to negotiate a bulk price with a merchant to buy the same item.
At present, Group buying websites have become so popular because of the role they play in the online shopping business by doing the negotiating themselves and featuring a deal of the day that its customers can enjoy. All that the consumer has to do, is to enjoy a major discount on the product or service of his or her choice by printing off the voucher and presenting it to the merchant! To some, it may seem too good to be true, but that's just what it is!
Some of the sites require a minimum number of consumers to agree to make the purchase before the deal can materialize. Some sites allow consumers to invite others to purchase the commodity they desire through their website itself. Some sites limit the number of coupons an individual can use.
Given that the sites benefit from larger groups of people making use of them, some tend to have rewards schemes that reward people for introducing friends etc. This model works well for small businesses struggling to survive the aftermath of the recent economic downturn.
Group buying sites differ from normal sites where purchases can be made largely because of the deals and rewards offered. Most of the group buying sites operate by negotiating with local businesses and making a deal for a significant discount in exchange for the promise of a large amount of customers.
These sites like Groupon and LivingSocial work by approaching local merchants and requesting them to wipe off 50 - 90% off standard prices in exchange for large volumes of sales and the publicity the merchant would receive. These could range from restaurant deals to spa deals to retails consumer commodities.
It is believed that Groupon would charge about 50% of the gain while LivingSocial would take 30% to 50%. This too depends on the type of deal they strike with the seller.
The origin of Group buying has been traced back to China where they practiced team buying or Tuángòu. Teams of people with a common need would get together to negotiate a bulk price with a merchant to buy the same item.
At present, Group buying websites have become so popular because of the role they play in the online shopping business by doing the negotiating themselves and featuring a deal of the day that its customers can enjoy. All that the consumer has to do, is to enjoy a major discount on the product or service of his or her choice by printing off the voucher and presenting it to the merchant! To some, it may seem too good to be true, but that's just what it is!
Some of the sites require a minimum number of consumers to agree to make the purchase before the deal can materialize. Some sites allow consumers to invite others to purchase the commodity they desire through their website itself. Some sites limit the number of coupons an individual can use.
Given that the sites benefit from larger groups of people making use of them, some tend to have rewards schemes that reward people for introducing friends etc. This model works well for small businesses struggling to survive the aftermath of the recent economic downturn.
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