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TeamSave Arrives in WNY With Web Discounts for Consumers | Business

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TeamSave Arrives in WNY With Web Discounts for Consumers

A new collective buying website that allows consumers to receive substantial discounts on goods, services and events from hundreds of Buffalo-area businesses has entered the Western New York marketplace.

Toronto-based TeamSave began offering daily discounts of at least 50 percent to Western New York consumers on August 26. Individuals can access these offers by registering on TeamSave.com. Registration is free and the only requirement to register is an e-mail address. The company also promotes its daily discounts on its TeamSave Buffalo Facebook page.

TeamSave is the brainchild of Toronto entrepreneurs Chris Nguyen and Lee Liu. Both have extensive experience in the social buying industry and are excited about their first business venture into the United States. In fact, it was Nguyen who came up with the idea for the TeamSave website while planning his own destination wedding.

“We realized that one plane ticket would cost a certain amount, but that 20 plane tickets were much cheaper,” Nguyen said. “So I thought, how do I supply that volume discount concept to the consumer market?”

The result was TeamSave, where consumers can take advantage of volume discounts on anything from restaurant and spa gift certificates to discounted tax filing services and home improvements. The key for consumers is to act quickly, as each deal remains on the website for only 24 hours. And, a minimum number of consumers must purchase the deal for it to be activated. The minimum requirement is an enticement for the businesses providing the discounted offers. To ensure that the minimum is met, members are encouraged to share the deal on social networking sites such as Facebook, Twitter and LinkedIn.

TeamSave.com has hired a local business development representative to promote Western New York merchants. The company is committed to having local representatives in each market who can truly assist merchants with problem solving and traffic building. Local businesses interested in participating can e-mail sales@teamsave.com for additional information.

“It’s a win-win,” said Nguyen of the TeamSave concept. “It helps consumers find great deals because they’re buying in bulk as a group, and it helps companies lower their cost of customer acquisition.”

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