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.
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
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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
Singaporeans are not poor that they sink so low to steal. Even the poorest of the poor in Singapore have morals.
Just go jail then don't have to worry about food and shelter.
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.
Wow. Never knew such communal purchase exists. Great job CNA!
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.
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.
Mrs. Jasmine are so humble and creative.
this auntie ah. now they have to install CCTV outside cause you exposed them.
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.
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.
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.
Eggs is so expensive! Lots of things are cheaper when supermarket special offer.
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.
😂😂😂
Anyone have link for the candy pan yishun group buy? Seems like she really cover all areas of items.
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.
Not just Singapore, worldwide. We in Indonesia are also battling rising prices.
For perishables shouldn't be sold like this.. some products the cold chain is broken.
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
I wonder how many people says Good Bye to Group Buy every month. 😂
Is it income taxable?
Interesting concept
Can HSA/ NEA/ SFA look into this? Are the imported food regulated and safe for consumption?
no wonder the reduction in shopping centre revenue. it is like de-centralised distribution, a good model.
The only North American instance of this I've heard of is buying a cow from a farmer to split up the beef cuts. 🐮🔀🥩
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.
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😅
If group buy saves money and have traction, will taxation come in?😅
can IRAS tax this?
I’m curious how much the host earns out of it..
When you group buy stuff you actually don't need or wouldn't have bought otherwise and think you saved money...
Hmmm. Basically, the host runs her own provision shop loh
so it's actually a 'warung', family grocery stall but on demand
this is something kpop stans been doing for years its called Group Order
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.
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?
Economies of scale drives inflation from the group of the richer to the community of the poorer. It's a major cause of poverty.
How the host earn $$?
Probably will not work in Yishun.
The supergroup is at yishun!
It would work if you lived close to the host.
Now we know that you know we know you now........
Profit involved hor? Taxable~ Using public spaces~ Liable~ :O
Can group buy cars not. LOL
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.
You totally lost me at "fashion influencer". Can't watch.
isnt that the same as 拼多多 from china? Lols
Aiyah, the Drea Chong doesnt speak so well...
poor choice of host for this programme
Drea Chong is yayapapaya and unlikable