Re: What is a Fast Buy

[Guest guest]

Traditional Definitions of Fast Buy, Pre Buy, and CO Op.

FAST BUYS:

This is where the seller completely PREPAYS for some product, but

maybe it is WAY more than she needs. Once product is paid for and

received by the seller, the seller posts a Fast Buy ad, offering her

EXCESS product at a limited special price to make it move quickly

and regain some of her capital that is tied up in that excess.

Again, because the seller has taken literally 100% of the financial

risk on this purchase, she earns the right to charge whatever she

pleases. Fast Buys are often for inventory that is used in our

business or sometimes for supplier inventory, foreign import items,

etc. Sometimes a Fast Buy seller will take an interest poll, allow

folks to make verbal commitments, etc in advance toward finding out

if it will be worth her while to take the risk of purchasing the

huge quantity.

CO OP's:

No profit whatsoever is made on the sale of items. A hostess

volunteers to collect money from a large group of participants until

a minimum number of orders accumulate so that the group can get the

best buy. The hostess charges a $3 hostess fee (or whatever she

decides) to cover her PayPal fees and incidental expenses, and costs

the product to the group participating in the buy at ACTUAL COST

plus inbound freight, repackaging cost of containers, and out bound

freight to the participants. Co Ops are not for in stock product of

suppliers, and are a NON PROFIT making endeavor. Obtaining 1 lb of

FO for every 10 lbs sold is NOT a valid Co Op, as profit IS being

made in the form of free FO/product.

PRE BUYS: This is when a supplier needs to restock their web store

or business inventory. They do a 'pre-buy' on items, offering

product at a sale price for a specified period of time for people to

submit purchase commitments AND PAYMENT IN ADVANCE to help the

seller make the minimums on the items that they are trying to

restock for their business. After the Pre Buy period is over, prices

are increased to regular price, which provides an incentive to get

in on the earlier Pre Buy price. It used to be that NO MONEY was

collected upfront; only at the time that product was to be delivered

to customers. Just like you can get an expected release DVD at a

lower price by paying for it in advance of its release date, that

is/was the premise of the Prebuy. This is how a Pre Buy differed

from the FAST BUY: by taking 100% of the financial RISK when

conducting a Fast Buy; the seller earned the right to mark up the

product so that they made a profit. Now days though, people often do

a Prebuy and want money up front, so be prepared to have to pay for

your Prebuy items before your seller even orders. In a nutshell

though, prebuys allow sellers to BORROW customers money in advance

and still make retail profit which is essentiall having your cake

and eating it too.

As with ALL transactions, it is always important to ask around

privately to obtain references for any seller posting a buy.

Bloom

Southern Soapers Fragrances ~ " We Have No Common Scents! "

http://www.southernsoapers.com

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> Could somone please tell me what exactly is a fast buy?

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> thanks

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