When groupon started, so did savings!!
Groupon, the biggest group buying website was first launched in 2008.
Since then, 44 million plus coupons were sold and around 1.8 billion
dollars were saved... and counting.
Group buying, also known as collective buying, offers products and services at significantly reduced prices on the condition that a minimum number of buyers would make the purchase.
Origins of Group buying can be traced to China where Tuángòu or team buying was executed to get discount prices from retailer when a large group of people were willing to buy the same item.
In recent time, Group buying websites have emerged as a major player in online shopping business. Typically, these websites feature a deal of the day, with the deal kicking in once a set number of people agree to buy the product or service.
Buyers then print off a voucher to claim their discount at the retailer. Many of the group-buying sites work by negotiating deals with local merchants and promising to deliver crowds in exchange for discounts.
The savings "invaded" Lebanon not long time ago with
Cobone, Makhsoom, Gonabit and Gosawa. The same concept as Groupon was
implemented to match the Middle Eastern needs.
iGrab.me was created to save you the hassle of searching all
the available group buying websites in your city.