Group Buys
- Thread starter fatty33
- Start date
IshimaruKenta
GLP-1 Apprentice
Pretty much. You pay in advance to the vendor, wait for MOQ to be met, wait a long time for shipment, then pray said vendor doesn't run away with your money. Once stock eventually arrives, pray the vendor sends you what you ordered.
Me? I'll never do one, as I don't know these people, nor do I trust them. Plus I don't like waiting...no matter how good the prices may be. Hard pass.
edit
Forum edited my word 0ganizer to vendor for some reason. You don't pay the vendor, you pay a person who started the GB.
Me? I'll never do one, as I don't know these people, nor do I trust them. Plus I don't like waiting...no matter how good the prices may be. Hard pass.
edit
Forum edited my word 0ganizer to vendor for some reason. You don't pay the vendor, you pay a person who started the GB.
Because 99% of "group buys" advertised are not group buys but VENDOR promotions. The sooner people realize this the better.
A true group buy is more like you and a bunch of neighbors getting together to get a great price on new fences, with Mary on the corner helping organize everything and collect the funds. If Mary sells fences for a living, she's a VENDOR and it's not a group buy.
IshimaruKenta
GLP-1 Apprentice
Gotcha. The ones I've seen have been individuals starting it, and going to a specific vendor for the product. I know you know more about this than me, just stated that my word changed and wasn't sure why. 😊
Peotidethrowaway
GLP-1 Enthusiast
Even the ones starting as group buys seem to eventually just morph into becoming vendors. It starts with buying extra for the gb and selling it after the gb at a premium because it’s “on hand” with no wait and morphs into them just buying how much they think they can sell and keeping inventory.
I’m not sure it’s a bad thing. I prefer to buy from the us anyway
Yes, it's very common for someone who puts together genuine group buys to transition into becoming a vendor after one or two successful buys. In fact I'd say it's pretty much the norm.
I don't have an issue with it as long as they are honest about their advertising and call it what it is: a promotion.
randompersonrandom
GLP-1 Enthusiast
StairwayToVendorship
The vendor of the group tries to get an estimate on how many total kits to order from the group they created and manage. Then the vendor reaches out to a few venders to determine the price, what happens if the product is below purity or mass, who will pay for the testing and how many vials will be tested based on the total ordered, how the items will be shipped, what happens if they get confiscated and they have to agree to a fresh batch with one color of the cap and band that the vendor selects. The vendor collects the money from the group and then sends payment to a vender. It takes anywhere from 6-8 weeks to be sent to the vendor. The vendor sends it to all the individual buyers and sends "x" amount of vials to one or two different labs for testing.
lemon lady
GLP-1 Apprentice
Hell, it seems no less risky than buying as an individual, for what? 5% discount and the additional risk of extending the supply chain..
Pricing can be favorable but yeah there have been a few examples of these group buy coordinators screwing everything up
MsGizmo
GLP-1 Enthusiast
All it takes is one buy going south and then you haven't saved any money at all.
exploitedworkerbee
Quiet Quitting Mod
What do you call an aspiring vendor without the capital to purchase inventory? A group buy operator.
There aren't a lot of enterprises where right from day one you can rely on your customers to fund your start-up expenses, while foregoing a lot of the everyday things that most other new businesses have to invest in pretty heavily like branding, advertising, and often even websites.
Zydeceltico
GLP-1 Apprentice
Actually, I'm still new enough to all of this to remember what it cost me through a doctor and I am still ahead of the game if I lose 2 or 3 T30 kits at $90/ea than if I was paying the traditional route plus another few $$ for testing. Still ahead. I'll probably get super-jaded and cynical at some point but I'm not there yet thankfully.
MsGizmo
GLP-1 Enthusiast
Oh, I wasn't suggesting the retail market. Not by a long shot. But I'm just not the kind of person that will take bigger risks than necessary in order to chase after an illusion of the lowest possible price.
PAPoots
GLP-1 Apprentice
How does one create a list of people involved in group buys to watch over time to see if they are legit peeps.
IshimaruKenta
GLP-1 Apprentice
A vendor has reputation to lose if they just take the money and run. But a GB operator? Why would they care? I was talking to a friend the other day where she said she was part of a GB that had over $187,000 worth between everyone...that operator could easily just take that money and you'd never hear from them again.
PAPoots
GLP-1 Apprentice
That is a huge buy. I thought a group buy was 10-20 people buying 10 kits of RETA to get a discount and then the leader of the group is responsible for shipping the product to the final destination. And don't group buys send a vial to be tested. I thought that was primary benefit of a group buy.
IshimaruKenta
GLP-1 Apprentice
The one I was referring to has 210 people already in it. They're buying from Uther, but yeah that's a huge buy.
Those are the cheap, high risk ones. What's stopping the guy organizing from taking the money and running ( you pay him before he even orders ) ?
I'm doing some individual group buys and testing from different vendors ( you pay the vendor directly ) now for :
RT30 - 155$ and 40$ shipping, free over 500$
RT50 - 230$ and 40$ shipping ( 85 US )
KLOW80 - 180$, free shipping over 300$
If you want to yolo PEPE is doing the group buy you asked for :
RT30 137.5 + 25$ shipping ( including full testing done by pepe )
tesa like 100
mots-c like 100
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