FAQ’s

As we have to do a bunch of work, we generally only accept Products or Services where we by negotiation could save $300 or more. So this would generally suggest a RRP of $1500 +. Popular products get members more easily, however if you are in say an Electronics Enthusiasts Group, you could use our platform to secure expensive components such as an expensive Infrared Detector for your Drones etc. Promoting your deal across various Electronics FaceBook groups or other could make this very viable.

Anyone can create a Vendor Account or Group Manager Account and create a deal. When you are ready to publish it and Share it, you need to also pay the agreed Deposit/Joining Fee. This is a % of the Retail Price. (Learn more in other FAQ below) This is fully refundable at the end of your Campaign Period if you don’t attract enough members or we couldn’t negotiate a really special deal with a Merchant at this time. You will receive your refund within 3-5 business days after the end of campaign date.

Generally speaking, all groups whether you start it yourself, or join another group, require you to pay a Joining Fee to ensure your commitment. This gives further Team Members confidence. When a group is started, our Team approves the suggested deposit. Generally its 10% of the Retail Price of the Product/Service. If its a large item like a $120,000 Porsche, our Team generally sets these at $1000-$2000.

And remember, if the group doesn’t get enough members or we cant get you a Super Deal, everyone gets a full refund. We even Promote Deals across Email, Social and more channels as a big group is also in our interests as well.

Any Deposits or Team/Group Joining Fees are held in trust until we attempt to negotiate the Group a fantastic deal. If we cant negotiate a fantastic deal then all funds are returned at the end of the Campaign Negotiation period.

We only take a small % of the savings when a Deal goes to completion. When a Group is created and a product added to it, our Admin Team discuss with the Group Manager an acceptable fee for our successful Negotiation services for that product or service. By default, this is 10% of the Savings, but can range between 5%-15%.

IMPORTANTLY your Joining Fees are returned 100 % if we can’t negotiate a fantastic deal. You are never out of pocket, and our fee only ever comes out of the Savings we make for the group. So very simply, if we save 20 members of a group $100 on a Deal, our fee might be 10% or $10 for each member. So in the end, each member saves $90 ($100- our $10 fee) off that product, and our Total fee earned is $200. or 20 members x $10 each.

We think its a good deal for everyone as you are always safely ahead and never out of pocket in the end 🙂

You can share your link far and wide. Include it in your FaceBook feed, or your Blog Story about the particular topic. You may use online ads, your email database or similar, to promote your Group, but please contact our Team for the best advice here if you are spending money.

We are a group of Tech Entrepreneurs, MBA’s, CPA’s, and Digital Marketers, who are both Ex Big Brands and Ad Agencies. We are supported by an amazing Finance Team, and of course our “Tigers” ! Our Tigers come from various parts of the Procurement space. Whether Wholesale Negotiators, Government Procurement Officers, Equipment Auctioneers, IT Managers, and of course even some from the Hard n’ Fast world of Pawn Brokers. Procurement is a science in itself, and so we also totally respect our Suppliers. We work hard to also understand their needs and what is both acceptable and what supports their businesses and cashflows.

And you know what? Most of our Suppliers love us. We bring forward cashflow with bulk deals quickly, we fill Cinemas to Dentist chairs and get Car Stock out of the way for new stock.

We are based in the leafy and exclusive suburb of Albert Park, in Victoria Australia. You are always free to get in touch with us to arrange a visit. We are a very fun and welcoming bunch.

You are always entitled to a 100% Money Back Refund, if a deal doesn’t go through to successful completion. Either due to “Not enough Members” to attract a good discount, or “No vendor willing take discount appropriately at this time.” We refund this to your account within a few business days and you will be notified by email.

We always give estimates as to how much we think we can save based on a given number of members.

Yes. If you don’t follow through then you do loose your Deposit. As this then affects your other Team Members, and no one really wants to do that do they?

Of course if the deal doesn’t go through due to not enough Team Members or a situation where we can only negotiate an “average” deal. In most cases it will do way, way much better than most people alone could do. And finally, we can only refund a deposit if you can prove you got a better deal than we could get. (within the Post Campaign Negotiation period). AND of course that the owner of that business isn’t your best mate, neighbour or Mum. 🙂

For most deals that’s fine. Car Dealers can have National affiliations, and of course white goods stores like Harvey Norman, can facilitate interstate and even country delivery. Some deals are not possible across many different geographic regions, however we have even been able to organise Group discounts for Major Dental Surgery across multiple locations of Dental Practices. Our Admin team will always confirm this when you submit a deal.

Generally the answer is no. Some Business Teams set a minimum spend so that the Team we negotiate for has a similar amount of value. This means the supplier can more confidently put forward a discount.

We encourage most Teams to set basic criteria or spend. After a successful bidder is chosen, you can work out directly with the supplier for any variations or extras that you require.

If it is a single product purchase, say like an Office Printer, then upon a successful negotiation, you pay the balance to us and we forward this on to the Supplier.

E.g. If a Printer is $4000 and we save Team Members $1000. Our fee at say 10% of the savings is $100.

You end up paying $3100 for the Printer.

If the Team had an initial joining deposit of $50, then your balance owing is $3050.

See previous FAQ on Payment and Fees for long term services.

See also General FAQ’s on Deposits above.

 

In the case of say a six month Office Cleaning Contract, the numbers might look like this.

Normal Price : $3000

Team Buying Club Price: $2000

Our Fees @10% of the savings:$100

If you paid a deposit of $50, then we keep that. The remaining $50 of our fees for the negotiating work, is then paid by you to us, and then the Supplier and yourself enter into the 6 month contract.

So to spend $100 now to save $1000 for six months and ongoing, is a great return if you ask your Accountant. Even with potential interest earned or deploying these funds elsewhere. And we’d love to hear what your Accountant has to say. Or he/she can email us via contact@TeamBuying.club

Putting the usual caveats up front, it really does depend on a lot of factors.

These include: obviously the size of the group, product segment/seasonal demand, if there is oversupply in the market at the moment, need space for latest models on the showroom floor and really sheer luck ! 🙂

Our Negotiators are truly some of the best in the business, and so here are some examples on what we’ve been able to achieve.

• Samsung Hi-end Refrigerator RRP $2399. Group saving gross of $445 each or 18.54%. Group Size:17 Members. FREE Delivery thrown in by Supplier !
• Gas & Electricity Buying Group- Domestic.  Basic Scenario: 2 adults, 2 children suburban household. Annual normal bills of $2600. Group savings gross: $420 each p.a or 16.15%. Group size: only 22.
• Similar Gas and Electricity Buying Group as above – with 78 members, we saved the group on average 21.37% per annum. * Some variations due to location and whether there were existing solar panels.
• Thailand Holiday – 2 Adults, 2 children. 9 nights, High Season, Flights & 4.5 star hotel, Ocean views, Transfers. RRP $4994. Group Savings gross of $970 each or 21.58%. Group size: 10. * Some variations occurred due to departure city and other factors.

When you add a product or service, it is submitted to our Team for approval. We then both agree on both potential savings and a fair and reasonable deposit for new Team Members to make to be a part of your deal. Its generally between 5-10%  of the RRP, which ensures you get committed people.

When starting your own group you also must pay this initial deposit.

Importantly, all deposits are refunded, if the group doesn’t grow enough by the close date, or our Team cannot negotiate everyone a better deal. See our General FAQs for more on this.

We make no money if we can’t get your Team a great deal. If we can though, then we take 10-15% of the Savings only. Pretty good deal right?

So say if your Team ends up with 10 members, and we save everyone $300. Our fee is say 10% of those savings for everyone. In other words, 10 people, saving $300, our fee 10% =$30 each and $300 for negotiating for the group.

End result, each Team member saves $270. Still amazing right?

Once approved, we suggest you post it to your various Social Media channels and tag your best or most influential friends. Ask them to also tag friends they know that could benefit.

Its also great to start a conversation about the product or something related. This stimulates discussion and potential further tagging or sharing of your post.

Its also good to chime back in every day or so, to keep it going and sharing.

You may ask a Facebook Group you are a member of, if its ok to share your post to the group. Best if its related in some way. There are also heaps of Buy/Sell Facebook groups that could be amazing for you. Many of those have few restrictions.

If you can find a really targeted group in your niche, that can be even better. Why don’t you find them and join up.

If you have a blog, you may want to write a story and weave in your campaign somehow. That can often work wonders.

Ask your school, or Associations you belong to as well. Its both good for you, and those community members if they can save. If its a school group or say a sports club, ask them to get in touch with us, as we sometimes can even support them with a percentage of our fee as well. They tend to love that for fundraising.

 

We support you in a variety of ways.

Your listing gets included in the Most Recent sections. Many are included on our regular email newsletters which is quite targeted to certain audiences.

You may also be featured in a category for a limited time.

Your Deal may also be lucky enough to be included in our marketing Campaigns on Google an Facebook.

We suggest you read our FAQ on Tips to Building your Team, to ensure your success.

 

Generally the answer is no. Some Business Teams set a minimum spend so that the Team we negotiate for has a similar amount of value. This means the supplier can more confidently put forward a discount.

We encourage most Teams to set basic criteria or spend. After a successful bidder is chosen, you can work out directly with the supplier for any variations or extras that you require.

If it is a single product purchase, say like an Office Printer, then upon a successful negotiation, you pay the balance to us and we forward this on to the Supplier.

E.g. If a Printer is $4000 and we save Team Members $1000. Our fee at say 10% of the savings is $100.

You end up paying $3100 for the Printer.

If the Team had an initial joining deposit of $50, then your balance owing is $3050.

See previous FAQ on Payment and Fees for long term services.

See also General FAQ’s on Deposits above.

 

In the case of say a six month Office Cleaning Contract, the numbers might look like this.

Normal Price : $3000

Team Buying Club Price: $2000

Our Fees @10% of the savings:$100

If you paid a deposit of $50, then we keep that. The remaining $50 of our fees for the negotiating work, is then paid by you to us, and then the Supplier and yourself enter into the 6 month contract.

So to spend $100 now to save $1000 for six months and ongoing, is a great return if you ask your Accountant. Even with potential interest earned or deploying these funds elsewhere. And we’d love to hear what your Accountant has to say. Or he/she can email us via contact@TeamBuying.club