ALL >> Business >> View Article
Group Purchasing Helps To Increase Sales

In “group purchase” based sales organization, vendors create a custom service package, which could have been priced at a rate lower than the normal value and get them listed in deal-or-group purchase. When the customer buys it, the company charges a small percentage of it and pays the remaining amount to the vendor.
Does the vendor lose out by creating such packages? No. The simple reason is that vendors spend a percentage of their revue every year to build brands and win new customers. In the group purchase organization, the same money is spent directly on sales and to win new customers. Hence, selling products or services here is actually not losing but another way of adding customer base. A sizeable percentage of customer bases have realized the value buying services through group buy sites such as Gporewards.com and the market remains largely open and the company have to do a lot to carry the message to the customers. Especially in many developing countries, the reach of this model has been less than ten percent of total customer base and they are finding it hard to penetrate into the market largely untouched ...
... by ecommerce before.
Group purchase sites currently concentrate on sectors such as healthcare, beauty care, finance, travels, fitness and entertainment as the key target areas. Other sectors could emerge soon as and when market potential is tapped. Vendors are willing to work in this model as this medium provides reasonable customer. Customers are finding this as a new way of availing services and get introduced to new service providers. Group purchase organization is standing in between trying to spread the word and tap into the market potential. This is great news in general to the market and economy. For relatively new vendors who just started their business, this model works very well as there is no investment needed to increase sales.
The article is written by the person having keen interest in organisation managment and suppies.Hence Gporewards provides Group Buying For Businesses and Cost Reduction techniques.
Add Comment
Business Articles
1. Connect Your Clients In A Better Way With Digital Business CardsAuthor: Angus Carruthers
2. Design Interiors Elevates Kitchen Living In Brighton With Bespoke, Functional Designs
Author: Kitchen Brighton
3. Make Your Small Business Run Smoothly With Telephone Answering Services
Author: Eliza Garran
4. Finding The Best Business Broadband Providers With These Tips
Author: Julian Serle
5. 3 Major Benefits Of Partnering With A Hosted Voip Service Provider
Author: Julian Serle
6. Understanding E-commerce Content Compliance: A Seller’s Guide
Author: Actowiz Metrics
7. Lucintel Forecasts The Cloud Orchestration Market In Germany To Reach $59 Billion By 2031
Author: Lucintel LLC
8. Lucintel Forecasts The Circuit Breaker Tester Market In United States To Reach $2 Billion By 2031
Author: Lucintel LLC
9. Leed, Estidama & Beyond: What A Green Building Consultant In Dubai Can Do For You
Author: GREEN BUILDING
10. Lucintel Forecasts The Circuit Breaker Tester Market In Japan To Reach $2 Billion By 2031
Author: Lucintel LLC
11. Mwhat To Look For In An Expense Management Software
Author: TrackHr App
12. Industrial Cleaning Contractors Limited Delivers Expert Industrial Painting And Dilapidations Services Across The Uk
Author: Expert Support
13. Lucintel Forecasts The Circuit Breaker Tester Market In Germany To Reach $2 Billion By 2031
Author: Lucintel LLC
14. How Proposal Writing Company Can Be Contributing In The Growth Of Your Business
Author: Mark Twain
15. Professional Proposal Writing Services And Succeed In Business, Here Is How!
Author: Mark Twain