Joint purchase - what is it and how to make money on joint purchases?

Recently, such a concept as "joint purchase" (SP) is very popular. On the Internet on the websites you can find different things and a variety of goods unlimitedly. Before taking part in them, it is necessary to understand all the subtleties, advantages and disadvantages.

What is a joint purchase?

This phrase is understood as a way of organizing purchases, based on the association of several people into a group for the purchase of goods directly from the manufacturer or an official supplier. This is done to save money by purchasing the selected products in bulk. Finding out what it means to buy together, it is worth pointing out that a person who invites acquaintances for virtual shopping becomes his organizer or coordinator, who controls the whole process.

How does the joint purchase work?

The main thing in this matter is the organizer, who negotiates with the warehouse or company, carries out notification of the participants, compiles a list of goods, collects money, buys out and negotiates the delivery of the goods. A person should pay attention to all the details so that there are no problems. Participation in joint purchases of the organizer is a certain work for which a person receives payment, and it makes at least 10% of the wholesale price of a batch of goods. In the end, this can be considered a kind of business.

Benefit of joint purchases for the buyer

More and more people are involved in a network called "joint purchases", and this is due to different advantages.

1. The main advantage is the lower price of wholesale purchases, so a smartphone or other equipment can do at almost the cost price.
2. On the Internet, goods are presented in a wide range, and you can find even what is not in stores.
3. Knowing how to use joint purchases, it is clear that it saves time, as there is no need to waste time on shopping trips. Order can be done at any convenient time without leaving home.
4. If the goods do not fit, do not get upset, because there are different methods worked out, how to attach it and get your money back.

Benefit from joint purchases to the organizer

The coordinator of all this action gets all the advantages that are described above, if he not only organizes, but also orders things at a bargain price. In addition, knowing all the subtleties, how to open joint purchases, a person realizes business without leaving home, for which he receives a certain payment. The more such purchases were made, the more percentage of the transactions he put into his pocket.

Cons of joint purchases

We can not ignore a number of shortcomings, which nevertheless are inherent in joint purchases.

1. To get your goods, it will take some time to wait, so, the period can be from two weeks to a month.
2. Although there are advantages of joint purchases, their main minus - the goods can not be inspected and evaluated before it falls into the hands.
3. There is no warranty repair for the equipment, so you have to pay for it yourself.
4. In some cases, the purchase can be canceled and the reasons for this may be different, for example, it did not happen to collect the necessary amount for a wholesale order, the supplier refused to cooperate and so on. We can not fail to point out that it is rare, but it is possible to lose goods on the road, so you must first specify all the details with the supplier.

How to pay for joint purchases?

After the person has entered into group of joint purchases and has chosen the goods, it will be necessary to pay for it. Payment for joint purchases can take place in different ways:

1. Transfer to the cards of different banks. Use this method should be, if 100% sure that this is not cheating and money will not be lost.
2. Joint purchase can be paid in cash. Money is transferred to the Organizer in the hands during a meeting to collect a joint venture or when receiving the goods.
3. On some sites, participants can have coupons that can be used for full or partial payment of an order.

How to become an organizer of joint purchases?

If desired, any person can become a coordinator, the main thing is that he is ready to take on all the organizational issues and be responsible for the transaction. If you want to know how to become an organizer of joint purchases, a step-by-step instruction will be very useful:

1. First, the groups of goods that will be the most profitable for the joint venture are identified. Popular are toys and clothes for children , accessories, costume jewelry and clothing for adults. It is important to choose a sphere that is interesting, so as not to be lazy to understand all the small things of the goods.
2. Describing what joint purchases are, how to get started and what to do, it is worth pointing out that in the next stage you need to find a supplier that offers quality goods at the lowest prices. It is important to specify all the nuances: the size of the delivery, discounts, possible returns and so on.
3. After that, a settlement account is opened, which is not personal, so as not to be confused.
4. On different forums and in social networks, accounts are created to attract potential buyers. There are also special sites for joint purchases. You need to create ads with detailed descriptions, pricing and photos. The more information will be, the more willingly buyers will become participants in the joint venture.
5. The organizer must process the applications, keep records to collect the required number of orders. After that, the order is paid and paid. While the parcel will go, you should communicate with customers so that they do not think that this is a divorce.
6. When the goods are received, you can start distributing it to the participants. If the joint venture is held in your city, then agree on self-delivery.

How to make money on joint purchases?

The organizers receive a certain reward for the work done at a rate of 10-50% of the value of the wholesale purchase. The amount depends on the group of goods and the cost of delivery. Finding out how to organize joint purchases in order to get good money, it is worth noting that you can immediately set a price for the product, which will include all the attendant costs and rewards. For good earnings, you should develop your business on several Internet resources. The income of the organizer will be affected by the number of customers, the amount of additional spending, and his reputation.

Earnings on joint purchases - what are the risks?

Since for an organizer this is a certain business, then it also has risks that are important to consider:

1. The supplier or manufacturer can sell the reserved goods to others or cancel the order. Delivery times are sometimes not fulfilled.
2. The received goods can differ from the ones claimed in the pictures, that is, the quality, size and color may be different.
3. To make money on joint purchases, you need to discuss with the supplier the possibility of a return in the event of a marriage, so that you do not have to face the situation when you have to look for the opportunity to shove spoiled things.
4. Not all customers are conscientious and there are cases when the goods are ordered, received, and the customer does not want to buy it. In the end, it falls on the shoulders of the organizer, who will afterwards attach the purchase.