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Reader Tip: Save More with Facebook Co-Op Groups

Meg emailed in the following tip:

I am always looking for ways to pay less than retail price for the items I buy every day. So when I heard about co-op groups on Facebook, I was intrigued — and they turned out to be one of the best things I’ve ever done to save money.

A Co-Op (or Co-operative) negotiates a wholesale price on an item by having it’s members combine their individual orders into one large order. For example, if I were to buy designer lipstick from a store, I might have to pay $15 per tube. However, the stores themselves only pay $3 per tube. In a co-op, because there are 50 of us buying lipstick, we are able to pool our money together and buy an entire case – and we get the price that the stores would pay. Even after paying shipping from the “host” (the person that places the wholesale order) to my home, I’m still seeing savings of 15% to even 80%!

I have had great luck with buying cosmetics, children’s toys, clothing, organic body products, craft supplies, clothing, and even household items through co-op groups.

Most groups on Facebook are “closed” groups, so just ask to join!

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