Chapter
The Advantages of Group Buying
49:20 - 53:18 (03:57)
The group buying approach, where users are incentivized to form buying teams or groups, can be an effective way for companies to acquire customers at a low cost while providing significant discounts to buyers. Customer acquisition is often the most challenging part of business, and this innovative approach can help overcome that challenge.
Clips
In this podcast episode, the speaker talks about investing in Quindle and other seemingly crazy ideas, and discusses the traffic on these platforms.
49:20 - 49:58 (00:37)
Summary
In this podcast episode, the speaker talks about investing in Quindle and other seemingly crazy ideas, and discusses the traffic on these platforms.
ChapterThe Advantages of Group Buying
Episode#129 - Why Elon Musk Is the Greatest Dropshipper and A Low Key Company Making Millions From Politics
PodcastMy First Million
An Indian startup is looking to replicate the success of Pinduodil, a group buying app in China that reached over a billion dollars through food and fashion niches.
49:58 - 50:47 (00:48)
Summary
An Indian startup is looking to replicate the success of Pinduodil, a group buying app in China that reached over a billion dollars through food and fashion niches. The app has no interface, using AI to personalize deals based on each customer's preferences.
ChapterThe Advantages of Group Buying
Episode#129 - Why Elon Musk Is the Greatest Dropshipper and A Low Key Company Making Millions From Politics
PodcastMy First Million
The company is able to acquire a large number of customers for cheap by offering group purchase incentives, such as lower prices for those who buy as a team or create buying groups with friends.
50:47 - 53:18 (02:30)
Summary
The company is able to acquire a large number of customers for cheap by offering group purchase incentives, such as lower prices for those who buy as a team or create buying groups with friends.