What is Group Buying?
Also known as collective buying, is a popular method of getting consumer great deals on restaurants, activities, spas and much more. The discounts usually range from 50% to 90% off the retail price.
The idea is simple. A single bargain goes on sale at a significantly reduced price for a limited time on the condition that a minimum number of buyers would make the purchase. The deal will usually be on sale for one day hence the name, daily deals. Many of the group-buying sites get these deals by negotiating with local businesses and promising to deliver large crowds in exchange for the discount.
With the recent success of Groupon reaching a valuation of more than 6 billion dollars, a large amount of group buying sites have launched around to world hoping to get a small piece of the pie. Even Google is planning to launch their own daily deal site in 2011 called 'Google Offers.'
With the explosion of daily deal sites launching, it is getting extremely difficult for deal hunters to keep track. CakeDeals offers the best daily deals aggregator service. We aggregate offers from all the group buying sites into one location so that you just have to remember one place when you are hunting for local deals.
CakeDeals.com - Sweet deals, everyday.