Get Bargain Deals With BunndleBuy’s Patent Pending Group/Social Buying Approach

6 Mar, 2010

With US recessions not yet over and jobs market still tight, every penny you have can adds up to your bottom-line. With bunndlebuy you can save hard-earned currency in buying music, outdoor, Sunglasses and DVD items by leveraging your social circle or similar buyers to get bargain deals.

The way bundlebuy works according to Amad Almasodi cofounder and CIO of Bunndelbuy is as the following:

1-Say you have a seller who sells an item for 100 USD and you ask him how much would it cost to buy 50 items of your product? and he offer each one at 70 or 80 USD.

2-Bunndlebuy do not buy them now, rather offer the merchant tentative commitment.

3- Then Bundlebuy.com adds the deal which would be the cheapest price in town, but in order for buyers to get it, 50 people have to join the bundle. When the number of “bundlers” is complete, say 50 buyers or more. Bundlebuy, charge their credit cards and buy the products and have the seller send them to the buyers. If the deal gets less than the 50 lets say, only 2 or 5 buyers, Bundlebuy cancels the deal and don’t charge the credit cards.

So if you want to buy an item make sure to share it in your facebook and Twitter followers, so you can get more buyers to help you get the deal.

This innovative group buying or social buying solution is only available to the US market in the time being with plans to expand to the Arab market, according to Amad.

Amad who is from Yaman has cofounded this project with 2 of his MBA colleagues: Ryan Hart CEO of BunndleBuy and Kyle Hart  as COO.

Great idea, the startup monetization model is from commissions earned from each item sold via the site (Lookup Bundlebuy ArabCrunch.NET profile.)

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