Buying Groups
As trade business owners we all know the more materials we buy, the better deals and discounts we can negotiate. The trick is to meet the order volumes needed to unlock those deals and discounts, right? And until we do, it can be hard to compete with the bigger guys on price without taking a hit to the bottom line.
That’s where being part of a Buying Group can help.
Buying Groups allow businesses of all sizes to band together and leverage their collective purchasing power to get bigger discounts, better deals and added benefits from suppliers and service providers.
Saving money is the number one reason most businesses join a Buying Group, but there are loads of other great reasons too. Check out below the 7 WAYS a Buying Group could make a positive change in your business!
1. The power of collective purchasing
Buying groups use the collective purchasing power of members to negotiate deals, discounts and benefits that are often only available to the “big guys”. They level the playing field, helping smaller businesses compete on price while remaining profitable. Each member of the group gets access to the same deals and discounts and the bigger the group gets, the better the deals become!
2. Spend less time hunting down deals
The benefit of collective buying power means you don’t have to spend your time searching round for the best prices. But once you’ve set up your account, how do you know they’ll keep giving you the best deal?
Join a Buying Group and they’ll take care of that for you. They continually review and renegotiate deals with suppliers to make sure you keep getting competitive pricing. That frees your time to focus on your core business and your clients.
3. Get quality products at a good price
Buying Groups are businesses too. They’re here for the long haul and so feel immense pressure to keep meeting members’ expectations long after they’ve joined.
Suppliers are put through a rigorous vetting process to make sure they’re not just a “cheap option”. Each supplier must be able to provide a wide range of quality products that meet industry and trade specifications and deliver a great customer experience on top of competitive deals and discounts.
4. Access advice to help you grow your business
There’s more to a Buying Group than deals and discounts. Groups are run by experts in your industry who are passionate about helping your business succeed. They use their connections within the wider industry to provide members with business advice and ideas for using new systems and processes that can make your business more efficient and profitable.
5. Build relationships with like-minded businesses
Be part of a team of like-minded professionals and business owners. There’s no pressure to make referrals or attend regular meetings, just opportunities to share information, exchange advice and stay in touch with what’s happening in the wider industry.
6. Keep running your business the way YOU want to
Unlike becoming a Franchise, a Buying Group lets you keep running your business the way you want to, so you get to:
- Keep your brand and your business name.
- No middlemen order direct with suppliers, get your deliveries and invoices direct.
- Keep your trade points and loyalty benefits
- Have a relationship with the supplier so you can still drop in for a chat and a coffee, knowing your Buying Group is ready to step in if anything isn’t quite right.
7. Know exactly how your business will benefit before you commit
Joining a Buying Group can feel like a big commitment, so it’s important to get as much information as you can before you sign up. That’s why we offer a free Price Check session so you can get to know more about what we do. Importantly, we’ll run the numbers on your business to show you how much YOU could save.
