A new site has been launched that offers discounts on big ticket products by pooling consumer demand for them.
The site, which claims to be the first “social marketplace”, connects users and merchants, allowing them to bulk buy products and drive down the prices.
Items such as cameras, hoovers and VR technology are being sold at up to 40 per cent off their market price because merchants are selling to entire communities of customers rather than just single punters.
According to the founders, the objective of Peddler is to democratise eCommerce and make online shopping social.
The process is simple.
The site pools interest in products and gets brands to offer discounts once a certain threshold has been met.
Bulk demand allows brands to sell products cheaper whilst still getting the same returns, meaning everyone is a winner.
Check them out here.
The 5 Most In-Demand Office Administration Jobs for 2018
While you're here
While you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.