collective buying groups

Collective buying groups are formed when individuals or small businesses band together to purchase goods or services in larger quantities. By pooling their resources, they can negotiate better prices and terms from suppliers, similar to how bulk buying works. This approach allows members to save money, gain access to better products, and increase their bargaining power. Collective buying groups are often seen in various sectors, including groceries, office supplies, and even services, benefiting members through shared buying strength while fostering a sense of community.