| The item’s bucket has a fixed price. No matter how many people join the bucket, the price will stay the same. |
| The item’s bucket has an ever-increasing price dependant on the number of people who join the bucket. The seller sets a certain amount by which the price will increase every time a certain amount of people joins the bucket. Ex: Starting price: $100. For every 5 people that join: +$5. If 50 people join, the next five people will have to pay $150 for the product. |
| This means that the item’s bucket has an ever-decreasing price dependant on the number of people who join a bucket. The seller sets a certain amount by which the price will decrease every time a certain amount of people joins the bucket. Ex: Starting price: $100. For every 5 people that join: -$5. If 50 people join, the next five people will have to pay $50 for the product. |
| This means that the price will go down by a certain amount at the end of the deal, depending on the number of buyers. This is the only bucket that is always successful, no matter how many people join it. As with the Minus Bucket, the price can only go down, but unlike that bucket, the entire group benefits from the lowest price possible depending on the number of people who join the bucket. Ex. Range: $100-$200. 50 people desired. Price decreases by $2 per every additional Buyer. |
| This is a bucket that was started by another buyer and sellers are currently competing over for the lowest price. See What is ‘Buyer Power’? for more information. |
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What is GroupGain? GroupGain is a revolutionary new marketplace that gives you the power to band together with other shoppers to buy a product at the lowest price through bulk buying. GroupGain has created a safe marketplace for both Buyers and Sellers, ensuring that whenever you join a group, you can rest assured you are going to get the product you paid for, which will be cheaper than anywhere else! Using GroupGain is easy: simply browse our products or search for a specific one, then, once you've found a product you wish to buy, join that group! Once the group has filled to the brim, you will receive your product. To help the group fill up, invite your friends! The most amazing part about GroupGain is the power we give to you, the Buyer, to get exactly what you want at a low price! If you can't find something you want on our site, you can create your own group and bring people together to create demand for that product. Once your group gets big enough, Sellers will start offering you that product at a certain price, and you have the power to accept or reject any offer! The power is in YOUR hands! To learn more about any of the steps to using GroupGain, read on, or check out our FAQ! After searching for a product, you will notice that that there is a group of buyers associated with it. GroupGain works on the principle of selling a product in bulk to multiple buyers. If you would like to buy a product, simply join the group and, once it reaches its capacity, all the members of the group will benefit from the group price! Once a Seller sets a deal, they are expecting a certain amount of people to join within a predefined time frame in order to consider the deal successful. GroupGain includes a visually dynamic and entertaining element in order to simplify the shopping process by introducing an animation of a shopping bag being filled with water. This is updated in real time and depicts the approximate number of Buyers that have joined the deal. You can also see how many people are expected and how many have joined by watching either a percentile (%) or the real numbers, i.e. 4/10 means 4 people have joined the bucket out of an anticipated 10 people. If the criteria of minimum Buyers needed before time runs out is not met, then neither you nor the Seller is obligated to go through with the transaction and it is considered an unsuccessful deal. The Seller, however, has the option of still selling the product for the same price even if less people joined than he or she expected. Another option is for the Seller to automatically send an e-mail to the Buyers asking them if they are willing to buy the product for a higher price - but you are NOT obligated to do so. Even before joining a group, you can see a list of other Buyers in the product page and collaborate with them via the use of e-mail, forums, or chat, assuming they indicated they are willing to be approached in their profile settings. Each deal has its own forum, which adds value to the deal due to the natural collaboration and enrichment of Buyers' knowledge prior to buying a product in GroupGain's system. There is power in numbers! Once you join a group, invite your friends and family to come join and enjoy the same benefits!
You can invite a single person by just typing his or her e-mail address in the box provided and clicking the send button. If you want to invite more than one person, you can retrieve all of your Outlook, Yahoo, Gmail, AOL, Plaxo, and Hotmail contacts at once and then send a default or customized message to all of them. If you decide you only want to invite a select few of your contacts, you can simply select a checkbox next to their name. You could also copy and paste a comma or semi colon delimited e-mail list that you already have and tell people about GroupGain or a specific product that way. You have a very strong incentive to invite people, since the more people that join the deal, the better the chances are of a successful transaction and a lower price. If you are the top 'recruiter' of people to the deal, you may be given a perk such as a free product or an additional discount from GroupGain and/or the Seller. Didn't find what you are looking for? Create Your Own Group! If you searched for a product and didn't find what you were looking for, you can actually create your own group for that product and bring your friends and family together in order to generate demand. This tool empowers you with the ability to drive and control a product's price by letting Sellers bid against each other in order to lower the price. We call this BuyerPower(tm), putting the control back into your hands! This is an extremely innovative and disruptive model, whereby you, the buyer, can collect support, and thus demand, for a product - even for products that are still on the drawing board or do not even exist yet! You can even create demand for services such as joining forces with other people to create a class action suit. For Sellers, this tool is revolutionary since it enables them to forecast supply and demand and avoid sitting on large inventories. Manufacturers can use this technology in order to save in raw materials before manufacturing a product or create a whole new product based on Buyers' demand (e.g. a million users want to buy an existing Video Camera only if the manufacturer adds new feature sets). This unique technology turns GroupGain into a 'crystal ball' for forecasting demand to help create an efficient market What are you waiting for? Join Now! |
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