Group Buying For New Parents
CrowdSprout lets groups of consumers interested in purchasing the same item band together to get a better price.
Consumers begin by bidding on an item, thereby placing themselves in a buying group and committing to making the purchase if enough other buyers join.
Product categories on the site include car seats, carriers, diaper bags, furniture, high chairs and strollers; for each product included, the merchant lists a reduced price, the minimum number of buyers needed and a deadline.
Consumers then spread the word about their planned purchase, with the goal of increasing that group’s size. Once enough buyers have joined the group, they then make their (reduced) payment through CrowdSprout and receive the item they wanted. If, on the other hand, the minimum number of buyers is not achieved in time, no one pays and the group disbands.
Whether it’s to buy a stroller or a soccer team, crowd clout is making vendors sit up and listen. Those who don’t may just find themselves getting crowded out… ! ;-)
Photo by CrowdSprout.
Mark Bantigue on February 25th, 2009 8:33 am
this is so simple yet so right. i love the simple creativity of this site/biz model. re-empowering the everyday consumer.
Jaclyn on February 25th, 2009 8:52 am
That sounds like a pretty cool service. imagine being able to get so many products at such a lower price. my only questions is what happens if say there is a demand for 20 buyers, but there are actually 30 people who want the product…what happens to the 10 excess people who still want that product?
cassy on February 25th, 2009 4:12 pm
that sounds very interesting for people who want to buy many products that are also lower prize,i cant wait to visit the site im excited to read and know more information about this great post!
Leave a Reply