The best group buying sites

The next phase shift of the social phenomenon has just begun. Social media which started with basic networking has rapidly matured into the next big wave on the internet. The latest in the circuit is social buying or group buying as it is popularly known as.

Discounts have always been associated with numbers. The more the number of people, the better the chances of getting a larger discount. Group buying works on this very concept. The group buying sites put up deals ranging from haircuts to holidays, from jeans to Gucci perfumes, from cars to mobile phones with massive discounts of up to 50%-80%. Only the number of buyers meant for the deal to come through has to be met.

Some of the best success stories in this new business phenomenon are:

1.Groupon:

The first and the biggest group buying site. Features deals in over 43 states in the US and is spread over 250 markets across the world with over 35 million subscribers. The site offers Group coupons on daily deals based on the required number of buyers for a deal to come through.

www.groupon.com

2.Livingsocial:

Number 2 on the list is Livingsocial. The site claims to help members get up to 90% off on its deals. Currently available in over 13 states, Livingsocial is fast climbing up the ladder of group buying sites.

www.livingsocial.com

3.Tippr:

Tippr is the emerging kid on the block with better and more flexible deals. However it is not yet available in a majority of the cities. The site works on a patented technology that gets the deals to be bigger as more people join in.

www.tippr.com

4.Gilt:

Gilt works on luxury brands and fashion products. Probably the only one around to offer such huge discounts on usually inaccessible brands, the site should work more than well for the fashion conscious.

www.gilt.com

5.Buywithme:

Buywithme works on the true sense of social sharing. Once you select the deal, the site gives you a unique URL which can be shared among friends. If more than three friends join in, your deal is absolutely free. What else can anyone ask for?

www.buywithme.com

With the number of group buying options available, shopping definitely seems to be getting cheaper. All it takes is to wait for the right deal to come by. If shopping is your middle name, then these sites are just what you must be looking for. Happy shopping!!