By William Jova
TBC Inhouse writer 23rd May, 2023
The traditional Buying Group we believe is broken and ripe for disruption. At Team Buying club, we put our skills and money where our mouths are, and ONLY take a percentage of the ADDITIONAL Savings we get for a Team. No monthly fees or Transaction fees. Below are some examples of Fees in Buying Groups across a few industries. Actual fees may differ depending on the exact Buying Group Company.
- Retail and E-commerce:
- Membership Fee: $500 to $1,000 per year
- Percentage Commission: 1% to 3% of total purchases
- Hospitality and Food Service:
- Membership Fee: $1,000 to $2,500 per year
- Percentage Commission: 2% to 5% of total purchases
- Healthcare and Medical:
- Membership Fee: $2,500 to $5,000 per year
- Percentage Commission: 1% to 3% of total purchases
- Construction and Building Materials:
- Membership Fee: $1,500 to $3,000 per year
- Percentage Commission: 1% to 4% of total purchases
- Manufacturing and Industrial:
- Membership Fee: $2,000 to $5,000 per year
- Percentage Commission: 1% to 3% of total purchases
These figures are approximate and can vary significantly depending on the specific buying group, the range of services provided, the size of the business, and the industry dynamics. Some buying groups may have a flat membership fee, while others may charge a combination of a membership fee and a percentage commission on purchases. It’s essential for businesses to thoroughly review the fee structures and understand the specific benefits offered by the buying group before making a decision.
At Business TBC, we only take a 10%-15 % of ONLY the savings we make you and your Team. Not based on Transaction Volume, no monthly Fees, and you can create a Team for whatever you want, not what we select for you. At TBC we also help you build the Team for the product you want and source quality suppliers for you and your Team.
When considering joining a buying group, it’s advisable to inquire about any additional fees, such as administrative fees, handling fees, or marketing fees that may be applicable. Carefully evaluating the potential cost savings and benefits against the membership fees and commissions will help businesses assess the overall value proposition of joining a specific buying group.
But if you compare the general value propositions in the market above, and to Business Team Buying Club, I think you know which Group is more in your favor. We hope you give TBC a try today.
