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G.B.S. group buy sell. Group. The G stands for group, so basically this means to create a group with different people. Buy.
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G.B.S group buy sell
Group • The G stands for group, so basically this means to create a group with different people.
Buy • The b stand for buy this means the head group (the boss manager etc.) will buy a new or second hand product and put it on the users wall. The users then have to sponsor one of the items, e.g. 1game and 2 people give £2.50 for it this will then create a starter price for our bidding website.
sell • The S stands for sell this means after people have sponsored an item that item will then go on for bidding on our other website. So then what happens is that once our items are sold, the person/people who sponsored the item will get a certain amount of the money, e.g. The starter price is £4.00 and the item gets sold for £16.00 the boss will get 50% of the money and the sponsorer will get 50%. but that does not apply if the product gets sponsored by more than 1 person then each of the sponsoror get 10% of the money.