LynxSquare: Save Money on Every New Purchase through Group Buying

FOR IMMEDIATE RELEASE
Austin tx, Texas, United States of America (Free-Press-Release.com) December 27, 2011 -- LynxSquare is one of the leading peer-to-peer and consumer-to-consumer online marketplaces where people can save lots of money through group buying and sharing on products like video games, DVDs, CDs, college textbooks etc. Based on the concept of collaborative consumption (also popularly called as social buying and sharing), LynxSquare - an Austin-based e-commerce startup company - is an initiative of two web technology entrepreneurs, Zul Momin and Ahmed Moledina.

“We noticed that consumer behavior is changing; and that they are not only looking for deals that help them save money, but also looking at the opportunity to donate or re-sell,” says Zul Momin, CEO and Co-Founder of LynxSquare. “This is what made us think and design a solution for everyday consumers to save money while being socially responsible.”

Based on the credo of see, share, split, and save money, LynxSquare offers great group-buying deals is designed. LynxSquare offers two models for group-buying and sharing , viz. ‘Keep It’ or ‘Sell it Back’. Users easily sign in on the site with email id, and invite their Facebook and Twitter friends to share the purchase. For this, they can create groups (of minimum three friends) to collaborate on the purchase/selling of products. This allows users/members to split the cost among friends, thereby benefitting by saving 40 to 60 percent on the purchase. For this, a platform called ‘friendsheet’ has been built where customers can invite friends to collaborate and purchase an item on group buying terms.

To further add, Zul Momin mentioned “Student community can also benefit greatly from the online shoppe solution as upon creating group buying account with their parents, they can save pocket money on every purchase.”

The online marketplace provides easy and secure shopping experience to the users. At any point of time, if the shoppers get confused concerning buying, ownership, selling, cancelling orders, shipping etc, they can refer to the FAQs section on the website.

Contact:
LynxSquare
Austin, Texas USA
www.lynxsquare.com

carrol@marketingzen.com
Ph.No 304-671- 0244

collaborative consumption     group buying     social buying