June 11th, 2010
TeamBuy is one of those sites you come across and think “what a cool idea!”
Here’s how it works: each day, a new “buy” is posted. A recent example was a starter shaving kit from Bread and Butter Skincare. It was offered at $29, which is 55% off the retail value of $65. If at least 30 people have all joined the buy by midnight, everyone gets the discount. If there aren’t 30 buyers by midnight, the buy dies.
And it’s not just beauty products: event tickets, spa certificates, meal deals, yoga classes are all put on offer. By promising retailers a good number of customers, TeamBuy ensures great deals. The site boasts that it’s saved shoppers almost $930,000 to date.
We’ve just discovered it, and have yet to participate in our own team buys, but we’ll be watching for the right one! Check it out and let us know if you’ve ever tried TeamBuy (or plan to).