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By bringing a significant number of buyers together to approach the developer you’re able to help them by cutting out much of the legwork and the agent fees that would result from selling each block of land individually on the open market.
A small-to-medium sized business can rapidly spend a fortune on supplies like stationary, pens, toner and ink cartridges, staples, shipping boxes, and fuel for its fleet. Now, there’s a new buying group poised to help any of Australia’s more-than two million SMEs source supplies. Founded late last year, SME Savings has already enlisted over 400 members and aims to offer big business buying power to your small or medium sized enterprise.
In an interview with Anthill’s Cynthia Karena, the duo says entrepreneurship should be all about building value, not selling out. Early in Spreets’ life, McEvoy realised the importance of this when a friend declined to put a deal opportunity on his Facebook page. That is when the penny dropped, he says, and Spreets began to focus on quality deals and the user experience, rather than focusing only on discounts.
A new survey shows that 95% of businesses that use group buying websites to sell to sell products or services are happy with the results of their promotions which have brought them new customers and increased foot traffic.
Conversations around group buying -- sometimes called collective buying -- are, nowadays, almost invariably saturated with opinionated cynicism, largely due to the rapid rise of the industry, the constant and seemingly ceaseless parade of replica businesses that have followed and the one or two horror stories of SMEs treated badly by over-zealous daily deals merchants. Yet, according to Groupon funder Andrew Mason, the model was created to support activism.
Earlier this week, Australian company Dealised, which peddles group-buying platforms, pocketed a cool $5 million in funding from global big-wig SingTel Innov8 and Perth-based venture capital firm Yuuwa Capital LP to assist with its development and international expansion. We've said it before and we'll say it again: In the event of a gold rush, don't start digging. Start selling shovels!
A Melbourne hairdressing salon was in dire need of a quick, low-cost marketing plan. Although the daily deals phenomenon is still new and coming of age, Jo Macdermott decided to take a punt on the online discount model as a quick way to boost sales. As she reveals here, the final results surprised even her.
Billy Tucker is CEO of the group-buying discount website, Cudo.com. In this podcast, he talks with Leon and Garry about Cudo's use of TV advertising to target the average consumer, how this publicity helps merchants find new customers, and the relevance of group buying in the post-GFC era.
Dean McEvoy, founder of Spreets -- the subject one of the most jaw-dropping business acquisitions in recent Australian history -- shares his insights about raising money and wooing investors (two talents in which he appears to excel).
Collective-buying behemoth Groupon is coming to Australia and is now hiring. The company that triggered Australia's recent obsession with deal-sites, such as Ouffer, Cudo and recently acquired Spreets, will initially be trading under the name StarDeals and is rumoured to be considering former MySpace HQ to set up shop in Sydney.
Offer Me, one of Australia's early adopters of the group-buying model, released a media statement on Friday alerting the media that it is on the "verge of" receiving "substantial" venture funding from overseas investors. But being on the 'verge' of a big deal is, indeed, not a big deal (and possibly not even news). So, why would someone produce a media release and court the media's attention about a deal not done?
This morning, it was confirmed that Yahoo!7 has acquired Australian group-buying business Spreets for $40 million. The deal is the first of what is expected to become a consolidation of the Australian group-buying market. However, what's truly remarkable about this announcement is the short time-frame between Spreets' launch and its sale, after only 10 months on the Australian market.