Having a baby is expensive and it doesn’t seem to get any cheaper the older they get! Sometimes I think it would be great to have supermarket shares as we spend so much on essentials. As much as I try to buy second hand sometimes it’s nice to have a product which is brand new. This is where the idea of co-buying really appeals to me. Co-buying is all about bringing together shoppers into a single transaction so they can take advantage of the same bulk-buy discounts previously enjoyed only by large retailers.
With our Second Baby on the way we are in the market for a double buggy. Right now, there are thousands of people across the world who are also in the market for the same product. What if even 100 of those people got together? It would enable us to go to direct to the manufacturer and demand the same discount that large retailers get when they buy in bulk. As the number of people we group together increases, so do the discounts we can secure from the manufacturer.
I’ve been talking to Buyapowa.com – the people behind co-buying – and there’s no limit to the type of products they can offer. Wherever a bulk buy discount is available, they can group together the customers and secure a bulk buy discount on our behalf. Usually, they’ll only have 100 units of a product in each co-buy and they could sell out fast but, once one co-buy closes, the next one pops up.
How does co-buying work?
Each co-buy has three price drops. The opening price is always already great but, once 25 people join, the price drops… then again at 50 buyers, and finally again at 75 buyers. That’s when it hits the lowest possible price – what is called the best price. Everyone pays the same low (final) price – no matter when they joined the co-buy.
You’ll want to spread the word – because, as more people join the co-buy, the price will get lower, and lower, and lower. There’s an added incentive, if you bring more people into the co-buy than anyone else, you’ll get your product for free.
Sound simple? Take a look at their current co-buy for a Burt’s Bees Baby Bee Getting Started Kit, containing:
Baby Bee Buttermilk Soap (20g)
Baby Bee Nourishing Lotion (25g)
Baby Bee Tear-Free Shampoo & Wash (50ml)
Baby Bee Diaper Ointment (20g)
Baby Bee Nourishing Baby Oil (30ml)
The starting price is a very good £10.50 and that could drop as low as £6. Shipping is free.
I’d love to hear what your thoughts are on co-buying. Have you tried it before? Does it appeal to you? And what products would you like to see offered? Please let me know adn I’ll pass your requests on to BuyaPowa to see if we can get some co-buys going for the gingerbread house readers. They’d also be really happy to hear from you directly via the BuyaPowa website, at their facebook page or on twitter.
My top 5 are: a Stokke Tripp Trapp and Newborn set, a Phil and Ted’s double buggy, a Little Tikes playhouse and Baby Bjorn baby bouncer!