Online Group Buying Now In The Philippines

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Online Group Buying Now In The Philippines

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Collective-buying, or online group buying started in the US, followed by Europe then Asia. Now, it's in the Philippines. A new website offering this kind of online shopping was recently launched in the country called Buyanihan.com.

Buyanihan is a pun of the Tagalog word "bayanihan", a Filipino trait of working together to achieve similar goal. And indeed, this website will only prosper through this kind of trait.

What a group buying website primarily does is that it attracts buyers by offering hefty discounts, or deals on certain items. BUT, the discount will only be activated once a desired number of buyers who commit to buy the item is reached.

Once the desired number of buyers have been met, the deal is on. You can get really nice discounts for a single item. Those items put up for a discount deal that didn't get enough buyer pledges will be deemed unsuccessful. However, those who signed up for the unsuccessful item ill not be charged.

An item deal will be set for a limited run and for a limited number of buyers. The figures will depend on the retailer or the Buyanihan.com panel.

Buyanihan.com is positive that this kind of online shopping has a market in the Philippines, especially for the growing need of our digitally connected youths.

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Tags: • shopping • buyanihan • group buying • online shopping • group buying website • online group buying •

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