Tired of getting offers for daily deals that have nothing to do with your real life? Now shoppers can join forces and create their own wish list of money-saving deals.

Launching Tuesday, Chicago-based oBaz (short for online bazar) gives consumers a way to name their own deals. The new marketplace reverses the standard operating procedure for businesses, which often use promotions -- including special offers through Groupon or LivingSocial -- to get new customers in the door or to move seasonal merchandise.

Putting Buyers in the Driver's Seat

With oBaz, promotions filter from the bottom up: A group of moms can rally together for discounted baby gear, for example, or students can band together to get a deal on test-prep courses.

When 25 people or more join a prospective offer, oBaz's team of hagglers get to work to seal a deal for the group. Integration with social-media sites, such as Facebook and Twitter, make it easy to build a group. Once an offer is inked, it's available exclusively to the group members, which receive an email about the deal.

"OBaz is entirely buyer-driven. We're here to help you find what you're looking for, not just push what today's advertiser is offering," co-founder and CEO Brian Ficho says. " It's in our best interests [to get good deals]. The better products we get, the better redemption rates we have."

Venture-capital group LightBank, created by Groupon co-founders, apparently sees the site's potential. OBaz received seed funding from the group in June 2011.

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We are pleased to announce the launch of new discount shopping website i.e. www.dailydealtime.com to describe the best deal sites,daily shopping deals and best online deals.

August 17 2011 at 2:42 AM Report abuse rate up rate down Reply

A few years back, American consumers discovered to their horror that fur collars on made-in-China coats purchased in US stores were made from the fur of cats and dogs

August 10 2011 at 11:10 AM Report abuse rate up rate down Reply

I think it's great as a concept but you are asking a business for a discount for a number of buyers who you asked to want it, not commit to it. So I am a business and you come to me to haggle because you have 100 people who want to buy my product and I agree to a 25% discount and 34 people buy it. Doesn't seem right. I think you need to get the buyers to commit so you really have something to haggle about.

August 10 2011 at 8:23 AM Report abuse rate up rate down Reply
Kisha Mille

I just found a place called "Printapon" where I can get my fav. restaurant coupon for 90% off!! all you have to do is just print and take it.

August 10 2011 at 3:48 AM Report abuse rate up rate down Reply

About time, buyers can open alot of Doors, I like it !

Really nice for online stuff.......................will try oBaz on Thursday !

August 10 2011 at 12:36 AM Report abuse rate up rate down Reply