5 tips to save money on online shopping

5 tips to save money on online shopping

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5 tips to save money on online shopping

New Delhi: These days the online shopping industry in India is fast catching on, not just in the larger metros but also in the smaller cities. Even traditional retailers such as Shoppers Stop, Westside and Pantaloons have entered in the online shopping space for growth.

According to a report, Indians spent around $3.2 billion (approx Rs 19,000 crore) buying products online during the month-long festive sales period that ended mid-October, a growth of 45 per cent over sales during the same period last year.

Many online platforms and tools can help you save money by giving cashbacks and sending you alerts you when e-tailers lower prices in future. However, if you want to buy, say, a high-end mobile phone, you can get at a discount in the future. And, some online platforms that do affiliate marketing can help.

Online shopping has become synonymous with smart shopping at present, ETNow Digital lists out 5 smart tips on how to negotiate the complex deals on Web which will help you save big money:

1) Get cashback on spending

Many websites offer cashback on every purchase to become popular. The primary reason behind cash offering is to widen their customer base as e-commerce companies offer commissions to marketing affiliates that send users to their websites.

Websites such as CashKaro.com, GoPaisa.com and so on pass on part of this commission back to shoppers.

Read: Paytm, MobiKwik, ItzCash: Why e-wallet cos are still attracting huge investments

The cashback depends on the product category and shopping website. It can range between 5 per cent and even 30 per cent.

The cashback goes into the customer’s account on these websites and can be used for the next transaction.

Also, cashback websites help you to set apart offers according to stores and categories, thus making shopping a lot more easy for you.

2) Get coupon codes

Several coupon websites provide discount codes that e-retailers offer on their websites. But, if you don’t plan your purchase and buy discounted items impulsively, websites such as CouponRaja.in, FreekaaMaal.com, CupoNation.in, CouponDunia.in, and so on can come handy.

Coupon code websites also inform users of the best deals available.

At present, cashbacks and coupons are available on all major monthly expenses such as utility bill payments and groceries.

3) Compare prices of products on comparison sites

Always use price comparison sites for comparing the various prices offered by different online stores for the same product. Price comparison sites also list the bank tie-ups and offers, which can help you fetch additional discounts.

Read: Flipkart to launch its own Billion Capture+ Smartphone on November 15

On price comparison websites such as CompareRaja.in, MySmartPrice.com and Buyhatke.com, you can observe the price trend — the lowest and the highest price at which the item has been selling. Most also let you fix a price alert and you get an e-mail whenever the price drops.

On many grocery websites, most discounts are available on the first transaction and then on alternate transactions.

4) Download apps

Most online retailers give exclusive deals on their apps that are not available if you access these on a browser. Whenever the price falls, they send an alert that the item you want is now available at a discount.

Also, you can get more discounts available on flights and hotels, depending on the payment channel. For instance, some travel portals offer cashbacks if you download their app, either through a referral or on your own. Some give you extra cashback, in case a friend of yours makes a booking through it.

5) Use social media for research

Many online retailers post various deals and coupons sites on the social network such as Facebook and Twitter.

Most coupon sites post “Best offers of the day” on their Facebook or Twitter pages, thus ensuring that shoppers have a chance to grab deals in good time.

[“Source-timesnownews”]