Buy Groceries With Others To Beat Inflation? How Group Buy Works: Bargain Hunters

Buy Groceries With Others To Beat Inflation? How Group Buy Works: Bargain Hunters | On The Red Dot

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Күн бұрын

Пікірлер: 60

@lamdao1242 8 ай бұрын

People don't realise the FULL cost of dishonesty in their society. This host who puts the group buy items on the corridor can run her business without being too worried about the items being stolen. Opportunities are created. Savings are made. etc.. That's truly wonderful. When I visit a country where I'm concerned about snatch thieves grabbing my phone or handbag or burglaries are common, this sort of business would be much more costly to run.

@GhostiePurin 8 ай бұрын

Just hope the group buy host is trustable. I once joined a group buy and the host went MIA, even though they did honour a few of the purchases before they MIA.

@alui5362 8 ай бұрын

alamak auntie. no one will steal group buy items now. but after this goes out on the internet........ a lot of people will know there are free goods outside. hahaha

@Cmi1267 8 ай бұрын

Singaporeans are not poor that they sink so low to steal. Even the poorest of the poor in Singapore have morals.

@teohyc 8 ай бұрын

Just go jail then don't have to worry about food and shelter.

@ramadhanramlan 8 ай бұрын

Wow. Never knew such communal purchase exists. Great job CNA!

@kawankawanku 8 ай бұрын

this auntie ah. now they have to install CCTV outside cause you exposed them.

@RinaReneeLillWinnersClub 8 ай бұрын

On a smaller scale, this somewhat puts virtual corporate buying power in the hands of the group buy consumers. Nice concept. My family does this amongst ourselves on various products - food and otherwise.

@DALLEY_SANI 8 ай бұрын

Usually people who join stays near the host and u order and the host will tell u what time and when to collect. Cameras are essential in case people steal cause these items are usually outside their houses.

@lastChang 8 ай бұрын

Inflation is much better than deflation. Deflation will cause prices lower. But that's an oversimplification of the problem for those who can't think far enough. For example, the current deflation in China 🇨🇳 can cause: - manufacture closures because they import high price, export low price, - farmers can't harvest, - layoffs and high unemployment, - more home foreclosures because house values are less than what they owe the banks, - The real value of China's debt will increase making it hard for China to pay debts, - GDP declines, Countries tackle inflation with raising interest rates. For deflation, it takes decades to get rid of it with no good solution.

@mylemonsquash 8 ай бұрын

Imo.. its ok to do a group buy as long we use item ..but sometimes in the end ..we end up hv too many things that we cannot finish and expired.

@jly5828 8 ай бұрын

Do Group Buy item which is broken offer exchange or refund ? For furniture and electronic equipment do it comes with warranty ? How to claim warranty when you do not even have a official invoice from official business entity ? Do the quality of Group Buy item guaranteed ? A lot of questions that we need to ask when we buy from Group Buy.

@rebeltheharem7028 6 ай бұрын

So they are micro-distributors using other people's money? I mean... that's smart. If you can get other people's money to buy at distributer level prices, pocket some off the top, and then send the products to other people with low or no transportation cost, that's a pretty good business. No need for risky loans. There is still some risk in product damage, but its better than getting a loan.

@BBme 8 ай бұрын

Eggs is so expensive! Lots of things are cheaper when supermarket special offer.

@TheAlvinsoh37 8 ай бұрын

For perishables shouldn't be sold like this.. some products the cold chain is broken.

@SY-ub9xl 8 ай бұрын

I have neighbour hosting group buy. Once it was like living next to wet market. Reported to HDB but still hosting it. Really want to move out after MOP.

@ShadowRap-y5l 8 ай бұрын

😂😂😂

@rianiwitaniasatiajaya 8 ай бұрын

Mrs. Jasmine are so humble and creative.

@jonwick7635 8 ай бұрын

Not just Singapore, worldwide. We in Indonesia are also battling rising prices.

@jjgal92 8 ай бұрын

Anyone have link for the candy pan yishun group buy? Seems like she really cover all areas of items.

@lostinmuzak 8 ай бұрын

I wonder how many people says Good Bye to Group Buy every month. 😂

@jetmejia1058 8 ай бұрын

I’m going to make a software for group buying groceries here in the US, people can buy what they normally do, the app will aggregate data from everyone single purchases into a single bulk order purchase for discounts, then people will have the choice to either pickup their groceries or have it delivered for an additional fee, I’ll make money by charging a monthly subscription fee

@Snowball89871 7 ай бұрын

They didn't count the money spent on their electric bill, come on. You might save a few dollars via groupby, but you pay more for your electricity😅

@anonviewerciv 8 ай бұрын

The only North American instance of this I've heard of is buying a cow from a farmer to split up the beef cuts. 🐮🔀🥩

@HKim0072 7 ай бұрын

There is no need in the US. Costco and Walmart do the work for people. Or you can just go online and find the cheapest price.

@antihunter 7 ай бұрын

no wonder the reduction in shopping centre revenue. it is like de-centralised distribution, a good model.

@EZJRVCXY 8 ай бұрын

can IRAS tax this?

@mack-uv6gn 8 ай бұрын

Interesting concept

@ChengBoonTan-c4t 8 ай бұрын

Is it income taxable?

@roboticsforfun5000 8 ай бұрын

I will be unhappy if somebody in my block is a group buy host, especially if it is on my floor level. This will cause more use of the lift, so I may have to wait longer. Then taking space on the common space, which is no no ! Then losing a bit of privacy because more people walking around in my block that don't actually live there. Sorry, I will complain.

@ennmin 8 ай бұрын

I’m curious how much the host earns out of it..

@kycia12 8 ай бұрын

Can HSA/ NEA/ SFA look into this? Are the imported food regulated and safe for consumption?

@argrena 8 ай бұрын

When you group buy stuff you actually don't need or wouldn't have bought otherwise and think you saved money...

@순두부찌개한개 7 ай бұрын

this is something kpop stans been doing for years its called Group Order

@John_Smith_86 8 ай бұрын

Hmmm. Basically, the host runs her own provision shop loh

@BapakBuayah 8 ай бұрын

so it's actually a 'warung', family grocery stall but on demand

@LonganLee 8 ай бұрын

If group buy saves money and have traction, will taxation come in?😅

@kape2377 8 ай бұрын

11/11 or 12/12… yeah, that says a lot for someone who hasnt an Idea what she’s talking about. Like what is that, buy 11 pay for 11?

@whyh 8 ай бұрын

Economies of scale drives inflation from the group of the richer to the community of the poorer. It's a major cause of poverty.

@alinewright1093 6 ай бұрын

It would work if you lived close to the host.

@James310193 8 ай бұрын

Profit involved hor? Taxable~ Using public spaces~ Liable~ :O

@khokl9288 8 ай бұрын

Now we know that you know we know you now........

@oterenceo 8 ай бұрын

Probably will not work in Yishun.

@desmondw4813 8 ай бұрын

The supergroup is at yishun!

@zhuoxinshawnlin9298 8 ай бұрын

How the host earn $$?

@vincensiusdonny9584 8 ай бұрын

I'm from indonesia....now in indonesia...the chain of commerce (samll store- reseller) in trouble...all producer (manufacturer...importer) due to e-commerce can directly sale to user....all effect down in sale because of this e-commerce. And start happening in singapore....i hope we all can find some balance in the future due to this e-commerce. I'm not saying ecommerce is bad but i also can't say this ecommerce make me easier to make money if i dont have any product of my own.