BUYING GROUPS:
MoMile MoPoints is a Facebook group that was created out of necessity in 2017. We've kept the membership of the group down purposefully. Unfortunately, as with all good things, this secret spread too. And as a result, we are re-opening the group to anyone who is interested to learn about how to earn cash back, points and miles and reduce the cost of living as much as possible.
This is a living document, it should and will be updated regularly. Newbies should be referring to this as a guide to sign up with various buying groups and credit cards (if you’ve not yet).
Please read fully and ensure that you understand the risks. Feel free to ask questions in the group once you finish reading this beginners guide and have signed up using our group link to each of the groups below. Signing up takes a while, it doesn’t cost anything, but the approval process is not instant. You are not obliged to spend.
Buying groups are not a form of manufactured spending. You are reselling. You spend, you either drop ship or, you deliver in exchange for being paid for the dollar amount that the buying group is paying. Many deals come with small commissions and through volume purchases, can and do generate a profit.
Deals are not consistent, volumes ebb and flow depending on the time of the year, computer gaming demands, and economic demands of the market at any given time.
As with all ventures, this one is not without risk. I am very fond of saying; “Don’t spend more than you are prepared to lose” I always remind others as well as myself of this fact.
While goes without saying that no buying group operates on the premise of getting one over you, there is an indisputable risk, a group folding overnight, checks bouncing, long float time, etc…
Some people are able to reduce their exposure by procuring and then physically dropping off in Lakewood NJ, Portland Oregon, the bulk however either ship to DE/OR/NJ/NY, or rely on labels provided by the BG’s.
HOW DO BUYING GROUPS WORK:
Buying groups, function and rely on crowdsourcing to acquire quantity-restricted and heavily discounted goods. BG purchase requests notifcations arrive via WhatsApp, email and other communication applications like Slack and Pushover.
ß Notification:
1- The item needed, the link to the retailer/s selling the item/s and the dollar amount the buying group is paying for this item.
2- A Google form to complete, with the quantity that you purchased. This form lets the group know the quantity you bought and your user ID.
Pay attention to all the details, specifically ensure that you completed the Google form, (or in the case of USA Buying, entered the purchase information into their website area where they track inventory a link for which you will be supplied in the notifications).
Normally and for the bulk of your purchases the items will be shipped to the buying group warehouses in a tax free state such as DE/NH/OR etc.. If you are local to NJ and Oregon and have a tax exemption, you can have the goods arrive at your home and then deliver the goods to Lakewood/Portland. Some buying groups will pick up if you have over 10K’s worth of merchandise. Please remember, some retailers will not ship to the buying groups, for the most part the BG’s know this, and will let you know in their buying notifications if they’ll provide shipping labels.
When the buying groups scan your goods, you should be able to request your payment.
TIPS for EARNING MORE POINTS/CASH BACK:
Always check buying portals for a higher payout, in particular Rakuten or TCB (TopCashBack). We will review how to rack in a ton of points by maximizing purchases using cashback portals paired up with credit cards under a separate topic.
It is important to understand that retailers put quantity limits on the products they’re blowing out. By having multiple accounts (two player mode), you will easily double your earn, for this to work, you’ll need multiple credit cards.
Other ways to earn more is by using gift cards for your purchases, merchants such as Best Buy (BBY), Macy’s, Kohl’s and Amazon can be used (cautiously with Amazon), to buy for Buying Groups. Use a credit card such as Chase Business Ink Cash to buy these gift cards in stores like Staples then use them as a form of payment for the buying groups goods. You can also use the Chase Freedom Flex or Chase Freedom Unlimited to earn x5 Ultimate Rewards per dollar spent and buy the Gift Cards in a Supermarket. In my opinion however, the absolute best option is the AMEX Platinum, if you apply now, using this link, you will be qualified for x10 Membership Rewards per dollar for the next six months. In addition, the card offers x10 on Gas, also for the next six months, or for a total combined spend of $12,000, whichever is reached first. Minimum spend is $6,000 in the first 6 months, to earn 100,000 membership rewards. As an alternative, you can always look at the AMEX Gold, which is x4 in supermarkets if Platinum isn’t for you. Hilton Aspire credit card earns 6x in Supermarkets/Grocery stores, gift cards can be purchased in your supermarkets/grocery stores.
Recommended Buying Groups.
We fully endorse this group. Managed by Mark Mann, who is always accessible, with very fast payouts, both via check and ACH:
The busiest and most deals are usually from USA Buying Group, they are also using a website where you can sign up to their deals directly without needing to complete Google sheets.
Owned by: Moshe Cohen, parent company, USA Supply Source Inc. Address: 180 Lehigh Ave, suite 2, Lakewood, NJ 08701
Pointsmaker: Least busy and least deals. Google sheet needed. Never pays below cost.
Owned by: Sheldon Blumenfel, Shlomo Mandelbaum, and Avi Inzelbuch. Physical location: 1790 Swarthmore Ave, Unit 8A, Lakewood NJ 08701 Also known as – BMI Traders.
MYS, like Pointsmaker and USA is in Lakewood with a receiving location in DE.
Owned by: Yosef Greenwald. Parent company: SGM Socher Inc. Located at (781 East New York Ave. Suite 5, Brooklyn, NY 11203).
YRWC – Send a WhatApp message to 203-278-9707 to be added. You will be shipping to CT directly for this group, but the process is the same. You’ll receive purchase requests with links, a Google form is required.
There are several clubs more;
Buyersforpoints, Brooklyn, YRWC, Singh (Coins),NY Eugene Taylor Thomas, Embdeals,
Platinum
There are also buying groups that charge membership fee. We do not vouch for any of the groups, and most certainly would never recommend any groups that charge a fee for you to be able to sell them.
Welcome to our niche group.
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