8 Effective Money Saving Ideas for Online Shoppers

0
67 views

Share on LinkedIn

The percentage of online shoppers has been massively increasing within the past decade. Several factors have contributed to this growth. A report from Hosting Facts on Internet Stats and Facts for 2019 indicates that around 19.2 billion people will shop online in 2019. Technology is helping brands and retailers to break barriers and forge ahead.

Today’s consumers no longer shops online because it’s a convenient option alone. Most of them now use it as an opportunity to score cool discounts and save extra money. Asides that, it’s common for them to curb impulsive spending to reach their financial goals for the new year. Continue reading to learn more about how to save money each time you shop online.

1. Abandon your cart
Online retailers will always remind their customers to complete the checkout process each time they abandon their carts. Adopting this strategy can make you eligible for free delivery or coupon code. It goes without saying that allowing items to sit in the cart for a few days may not be effective all the time. However, there is nothing bad with experimenting a little. Ensure that you’re still logged in when you’re about to leave your cart.

2. Compare prices
Inasmuch as you want to save money, never be in a hurry to pay for products without comparing prices online. Enter the product name into any comparison shopping engine such as Google Shopping to discover the best price. Alternatively, integrate add-ons that can scan the internet for the cheapest prices on your browser. These extensions also come with additional benefits.

3. Consider price-drop refunds
Season and demand are some of the top factors that influence price fluctuations. This is applicable in both online and regular store scenarios. Most consumers have bought certain items only to discover that their prices were slashed after a few days. The ideal thing is to contact the retailer for a price-drop refund. Opt for notifications on sites that track price rise and fall to avoid missing out on this offer.

4. Shop at the right time
The prices of items usually vary at different days of the week. This is partly due to the fact that certain items are targeted at specific customers. Let’s take a look at some of the research-backed periods and days to shop online and score discounts:

Online retailers roll out tons of mouth-watering deals to consumers especially from Wednesday to Friday. It’s better to shop around this time if you want to save money.
You’re likely to get access to cheaper flights on Sundays.
Holidays are also a great time to shop.
Retailers tend to sell previous seasonal items at discounted prices to get rid of old inventory.

5. Chat with the customer service staff
The live chat feature that often pops up on e-commerce sites can be annoying at times. Truth be told, you can use it to your advantage by bargaining with one of the sales representatives. Ask them to extend a particular promo code that you later discovered, or inquire about other sales discounts and promos they may have. Take this as words of Ashino Shinichi, Founder and CEO of The Watch Company that offers a series of Swiss Watches and more. When asked the most unconventional way shoppers get a discount from his company, he cited this approach as simple yet highly effective when properly applied. He further added, “Applying proper etiquette will help you snag good deals when taking this step.”

6. Leverage coupons
It’s time to be deliberate about using coupons as you shop online. They are a key factor in saving money on online shopping. Coupons have a lot of business benefits for e-commerce businesses, and even more benefits for online shoppers when they utilize the right platforms to find coupon codes, discounts, and promo codes. Some sites will offer a discount code immediately you sign up for their newsletter. Another option is to install coupon apps or extensions that will send you notifications once a coupon code is available.

You’re free to use several email addresses to create accounts on different e-commerce stores. Even so, streamline your email to avoid clutter. You need to follow the social media pages of your favorite stores because some sales will be exclusive to social media channels. Several retailers have revamped their social media marketing strategy, especially on Instagram. Plans are also in place to organize campaigns to attract customers.

7. Cut shipping charges
Most shoppers ditch online shopping altogether when they see the delivery charges. There are many hacks to handle this type of situation. The first thing is to shop around and choose a retailer that offers free shipping on your preferred item. Other retailers will ship free if you’re able to buy items that reach a particular amount. Consider placing an order online and picking it up at the closest location.

8. Check prices anonymously
E-commerce stores use technology to track browsing habits and location of online visitors. This data can affect the prices that will be displayed to each customer. Here are the basic steps you should take to beat the dynamic pricing system:

Clear browser cookies
Log out from your email and accounts on retail stores
Switch to the incognito mode on your browser
Alter your IP address
Visit the websites with different devices

Try your best to tread with caution as you shop online. Scam websites that offer fake products and rip customers off are on the rise. Check online reviews and ratings and find out the security level of the store before sharing any sensitive information.

LEAVE A REPLY

Please enter your comment!
Please enter your name here