group buying

Group buying is a purchasing method where a group of people come together to buy products or services at a discounted price. By pooling their resources, they can negotiate better deals with sellers, as the bulk purchase reduces costs for both the buyer and the seller. This approach is commonly seen in online platforms, where users can join together to make collective purchases on items like electronics, travel packages, or household goods. The key benefit is that participants save money while enjoying the advantages of collective buying power.