Tutorial: Buying Groups and Price Records

documents

started by MikeSmith @ Dec 14 '20 at 02:11

What is Wish

A wish is a web page on SaveNowClub that describes a user's intention to buy a product / service (wished item) and shows the following information:

public information viewable to general public:

  • name of the wished item
  • public notes, can be but not limited to: buyer's desired deal terms
  • buyer's anonymized identity

private information viewable only to the wish owner and authorized users:

  • user's identity and contact information
  • private notes, can be but not limited to: bottom lines

Here is an example wish for Mazda CX-5.

Create a Wish

It's simple and easy to create a wish.

You may use either of the following ways:

  1. find an existing wished item create a wish from there
  2. or directly fill out the wish creation form and submit it.

Either way, you need to fill out pretty much the same simple form, all you need is to provide your email address (need to be verified) and name information as well as your target product name and zip code.

Your personal data is safe with us as we do not send spam email to you nor do we share your contact with any irrelevant merchants (see our privacy policy)

Benefits of Wish

You enjoy the following benefits by creating and maintaining list of wishes

  • maintain your public, sharable wishlist for free
  • keep track of private information regarding the wish: such as your price research findings
  • receive deal alerts on the wished item

What is Wished Item

Find your wished item or browse all wished items on SaveNowClub platform.

Wished Item is a web page on SaveNowClub for a product / service that is wished by one or multiple SaveNowClub users. The web page lists out all wishes and price records of the product / service.

Here is the an example wished item: Audi Q7 SUV.

What is Price Record

Price Records are records of price offered by seller for a product or service (wished item), they are what people look for when they research prices on their wished items.

Types of Price Records

SaveNowClub supports two types of price records: price offer and price paid.

Price Offer

These are currently active price quotes offered from sellers, for example, this offer on 2020 Ford Expedition MAX XLT, it was posted on 2/1/2021, and it will stay valid until the listed product is sold or the price gets changed by seller.

Here is another example price offer of a price offer for a used SUV near Chicago area.

Price Paid

These are past price paid records contributed by other buyers. This is an example price paid for 2020 Toyota Highlander. Since these records reflect transaction already happened, they generally do not expire.

Components of Price Records

Each price record is made up of 3 parts: public information, private information and dedicated mailbox

  • public information: accessible by general public, includes product/service name, price, area/zip code, and public description
  • private information: accessible by owner and buyers of price record only, includes
    • available to both owner and buyers of price record: dealer information, deal making descriptions
    • available to only owner: source URL, vehicle VIN
  • dedicated mailbox: optionally attached to a price record, accessible by owner of price record or group members of a buying group only. See section below for more details

Dedicated Mailbox

As you create a Price Record, you may choose to add a Dedicated Mailbox to it, the mailbox comes with these handy benefits

Collaborative Negotiation

As of Dec. 2021, this feature is deprecated as it is related to Buying Project which has been deprecated.

You may collaborate on email negotiation with dealer to nail down the deal by checking collboratively negotiate box.

What Is Buying Group

Buying Groups are price records that are on sale that allow multiple buyers to purchase a product at a discounted price. Buyers who make purchase will get actual products / services in return.

Benefits of Buying Group

If you are organizing or about to join a Buying Group, consider the following advantage of SaveNowClub’s Buying Group vs. Google Form vs. WeChat Groups vs. Facebook Groups

Membership Management

  • Membership information of a Buying Group can be modified or deleted, while it’s not possible to do it on Google Form
  • Group Members' email addresses will be verified while Google Sheet does not verify email addresses of sign up members
  • Advantage over Facebook Groups: Members may remain anonymous to the public and to each other group members, while you have to show your real name in Facebook Groups

Marketing Advantages

  • Buying Group page is public and easy to attract new members while keeping membership information private, but Google Form address is usually private and cannot generate organic traffic.
  • Advantage over WeChat Groups: the fact that SaveNowClub buying group has a public page and allows dealers / brokers to join makes it easier to attract sellers to make offer to the group and to reach a deal, while WeChat Groups are private and lack a public page to attract sellers to make an offer.

Beat Your Deal

Our Beat Your Deal Service is offered to you as part of Buyer Broker Package that you purchase. We promise to buyers of Buyer Broker Package that if within a month of your puchase, we cannot beat your best deal in your acceptable distance range we will refund you 80% of your full amount of purchase (see our full refund policy).

After you purchase Buyer Broker Package, you will receive two parts: private information of the price record and Beat Your Deal service:

  • Private information of the linked price record, for example: original listing URL, details of vehicle and dealer information. This part gives you a real-life price point that beats your current best deal. However, the deal may be too far away from your location or may have hidden strings that do not guarantee the advertised price, these issues are addressed by another part of the package: Beat Your Deal service.
  • Our Beat Your Deal service actually does the negotiation work on behalf of you to help you secure a ready-to-close deal that beats your best deal in your designated distance range of local dealers. After this part completes, you will have a realistic ready-to-close deal in your acceptable distance range that beats your current best deal.

Here are the steps:

  • If you have not done so, register an account and verify your email address.
  • Purchase the Buyer Broker Package from a listed price record.
  • Share with us necessary information for us to beat your deal. You may start doing this by clicking Replicate This Deal button of the purchased price record to create a Buying Project
    • Show us your current best deal by Add a Listing to the Buying Project you created.
    • Share with us your desired criteria (usually range of distance) for your target best deal by add this information to the description of your Buying Project.
  • After we understand your current best deal and your target best deal criteria, we will start doing research to beat your current best deal. We will make sure the deal we present to you is not only better than your current best deal but also ready-to-close and has no hidden strings.

Price Record Marketplace

All users of SaveNowClub can create buying project and append price records to it for free. After review and verification, some price records added to SaveNowClub platform are also listed for sale at price of $5 USD each, and these price records are called Price Record Marketplace, price record owner receives majority of sale proceeds after each sale.

This is a price record in the Marketplace

For Sellers: Listing Criteria

All added price records are reviewed by SaveNowClub Team, after review, price records that satisfy the following conditions are placed on sale:

  1. trustworthy: the accuracy of price record is verified by SaveNowClub using either or both of these two methods:
    • source verified: the price record was published at least once on the Internet before being listed for sale, therefore this price record has at least one third-party source.
    • document verified: the transaction document that verifies the price record is available.
  2. valuable: it includes valuable information such as dealer name and/or detailed negotiation tips

For Sellers: Ownership of Price Record

Owner of price records have access to public, private and dedicated mailbox information of the price records and also receives majority of sale proceeds if someone purchases the price records on sale. Ownership of price records can be claimed.

For Sellers: Sale Proceeds

Whenever someone purchases a record, price record owner receives 70% of sale price as sale proceeds, the remaining 30% covers SaveNowClub platform service fee and credit card transaction fees, e.g. for price records listed at $5 USD, owner receives $3.5 USD after any sale completed on the price record. Owner will receive funds once the accumulated seller balance reaches $10 USD via PayPal.

For Sellers: Claim a Price Record

Ownership of a price record may be claimed by any user who provide a correct claim code.

To claim ownership of a price record, first login to SaveNowClub, then navigate to the price record section of its buying project page, under private information section, fill out claim price record form, see example below

If you submitted the correct claim code, after refresh the page, you should see the private information of the price record as its owner.

For Buyers: What Happens After Buying

For any price records on sale, you may purchase it at a reasonable price. You will be redirected to third party website (Stripe) to enter your credit card info. As soon as you complete purchase, you should be redirected back to the price record page and instantly have read access to the private information you have purchased.

For Buyers: Verification Promise

We promise the price records you purchase are verified at least at source level, check out listing criteria for price records we put on sale.

For Buyers: Refund Policy

We promise to price record buyers that Private Information of purchase price record is valid and accurate as of the time of purchase, if any part of private information of your purchased price record is no longer valid within 3 days after your purchase, we will refund you 100% of your full amount of purchase.

 

 


 

Terms of Use: You are in agreement with our Terms of Services and Privacy Policy. The Price Paid or Price Offer Records published for free or for sale on SaveNowClub platform were contributed by registered SaveNowClub users and satisfy our Listing Criteria. The registered users who publish price records own these price records and take full reponsibility of any consequences as a result of publishing these price records. SaveNowClub hereby claim that we do not own these price records nor do we guarantee their accuracy. If you have any question or concern to any information published on SaveNowClub, please feel free to write to us at savenowclub@gmail.com