Collective Buying

Collective buying refers to a group of people coming together to purchase goods or services, often in large quantities. This strategy allows them to negotiate better prices or discounts from sellers, leveraging the power of their combined purchasing strength. Common examples include bulk purchasing in community co-ops or group deals offered by online platforms. By pooling resources, individuals can save money and access products that might be less affordable if they were buying alone, while businesses benefit from increased sales volume.