GB Prices?

[Tron Carter]

How do group buys negotiate such lower prices than buying in bulk directly from the vendors? A good example is when the MOQ listed and the price of a kit is way different than buying directly, even in large quantities. Does anyone have any insight or would you see that as a red flag etc. Thanks!

 

[ZippityDooDah]

How do group buys negotiate such lower prices than buying in bulk directly from the vendors? A good example is when the MOQ listed and the price of a kit is way different than buying directly, even in large quantities. Does anyone have any insight or would you see that as a red flag etc. Thanks!

Delete the phrase "group buy" from your lexicon and replace it with "vendor promotion" and it all starts to make more sense.

What are advertised as "group buys" are really just promotions that a vendor offers without having to actually invest in inventory, branding, labeling, etc. and instead shifts the funding to the customers (or "group buyers" lol).

Anyone can negotiate anything with anyone else, and Chinese suppliers are no different when large(r) quantities are involved. Advertised prices and what can be negotiated directly can be vastly different. Of course the key is not getting caught up in allowing a seemingly "great" or "best" price to cause one to ignore common sense.

 

[Tron Carter]

Delete the phrase "group buy" from your lexicon and replace it with "vendor promotion" and it all starts to make more sense.

What are advertised as "group buys" are really just promotions that a vendor offers without having to actually invest in inventory, branding, labeling, etc. and instead shifts the funding to the customers (or "group buyers" lol).

Anyone can negotiate anything with anyone else, and Chinese suppliers are no different when large(r) quantities are involved. Advertised prices and what can be negotiated directly can be vastly different. Of course the key is not getting caught up in allowing a seemingly "great" or "best" price to cause one to ignore common sense.

Thanks Zip. I get that for sure. Some of the price differences I have seen have just been…surprising.