Cooperative buying is when a group of people comes together, combines their buying efforts, and aggregates their needs and volumes to bring the price down. Buying through cooperatives is not a new method of buying and is extremely popular in Nigerian societies. It is common among retailers who buy together, in cooperative societies, and even with friends.

Cooperative buying is almost similar to the thrift system, Ajo or Esusu, but for buying. At the end of the process, members of a cooperative buying plan receive discounts, and business owners, especially retailers who shop with this method, can get higher profits by the time they resell.

Reasons Why Cooperative Buying Benefits You

Buyers Purchase At Lower Prices

The strength of a team to bring the price down should not be overestimated. The best part of this is that Maxibuy’s TeamBuy allows our customers to pay wholesale prices for single units. Making bulk buying by cooperative a much sweeter deal.

Access To High-Value Goods And Quality Products

When you buy in bulk, you are almost certain that the products you get are of better quality, especially with Maxibuy. Products sold in bulk are sourced directly from the producers, manufacturers, and super distributors, so you are sure of what you are getting.

Cooperative Buying Offers Convenience

This type of buying takes away the stress of hurrying to the market and for cooperatives. You can buy everything for your cooperative members in the comfort of your home and at the tap of your finger.

It Allows You To Easily Reallocate Funds

Cooperative buying for retailers cuts down the amount to be spent to restock. They don’t exceed their budget and get to spend less when buying. This simply means that the money saved can buy and restock other products that they need.

Pay No Extra Fees For Purchases Made

All you have to do in a team is pay for what you need or the quantity you want to buy. There are no hidden fees for buying like a cooperative on Maxibuy using our TeamBuy. You even enjoy free delivery on orders above N25,000

5 Steps To Create A Cooperative Buying Plan

Step 1. Do Your Research

Fully understand what cooperative buying is all about. To make it easy, learn more about the Maxibuy TeamBuy. Our TeamBuy makes the process easier for shoppers to use.

Step 2. Have A Budget

A budget helps you track how much you have to spend and how much you save after your purchase. Know how far your team members will go, so you know how to plan for each member.

Step 3. Create Or Join A Team

If you don’t have access to a cooperative group, you can form yours and shop using Maxibuy’s TeamBuy. If your cooperative is new and you don’t know where to source products for your members, use Maxibuy’s TeamBuy.

Step 4. Pool Your Resources Together

The power of numbers brings the price down, whether you belong to a public TeamBuy or you are buying in bulk alone on Maxibuy. TeamBuy helps you get products in units while you pay the wholesale price and you can walk away with as many units as you need.

Step 5. Know What You Will Shop For

Finally, know what product your team members are targeting and the quantity needed. This will help you plan effectively.

Don't stress too much about it if you are new to cooperative buying. Maxibuy has created an easier solution to help you buy bulk whether or not you can form a team with TeamBuy. Want to find out more about it? Then, visit our website, read the Maxibuy blog, check out our YouTube channel, or follow us on social media (Instagram, Twitter, and Facebook). Whatever information you need to get started, we are here to help you. Hurry now and start TeamBuying.