Buying clubs are groups of consumers who come together to purchase goods or services in bulk, often at discounted prices. Members typically pay a fee to join the club, which allows them to access these savings. The idea is that by pooling their purchasing power, members can negotiate better deals with suppliers. These clubs can focus on various products, such as groceries, electronics, or travel services. Some well-known examples of buying clubs include Costco and Sam's Club. Members benefit from lower prices, while businesses gain a larger customer base through these collective purchases.