If the economy nosedived, and corporations had reason being scared, a few businesses got resourceful.
Low incomes and record job losses pushed consumers toward trends like purchasing in bulk and taking advantage of group discount websites. Where there was clearly demand, supply quickly followed.
In came the achievements wholesalers like Costco, Sam Club and BJ. But warehouse clubs weren the one stores seeing increase in bulk sales. Farmers markets, co-ops and natural food stores observed more supersized shopping. Whole-foods said bulk food purchases were growing by approximately 25 percent yearly.
That wasn? the sole buying trend to emerge, however.
The Groupon following generated a surge of comparable sites, like LivingSocial and Dealfind, not forgetting all the city-specific ones, says Joe Kalfa, the best choice of the new movement of group buying called All Our Power.
?¡ãYou can get almost any commodity large quantities and have all kinds of group discounts on spas, restaurants and vacations galore, but think about monthly expenses like auto insurance, gas and medical? It seems to me like there?¡¥s room for some improvement, adds Kalfa.
Well, perhaps there is.
Based on Time magazine? Moneyland, warehouse club members are able to save 25 to 35 % on their grocery budget. Shoppers who forego packaging altogether and purchase food from bins or dispensers save between 30 to 90 % over prepackaged products.
Imagine those types of savings used on insurance coverage, gas prices, medical bills, cellphone plans plus more.
Our Power, which seeks to rally Millions of members and secure membership discounts all sorts of companies and retailers, could be the next group-buying trend to consider flight.
A buzz has formed round the young movement as consumers worldwide realize the possibility great things about a free of charge membership with entry to serious negotiating power.
