It’s the festive season and e-commerce Companies are jumping with joy. E-commerce Companies have made sales in excess of Rs 15,000 Crores during the 5 days of festive sales. Flipkart had the The Big Billion Days Sale and Amazon had its Great Indian Festival. These Companies came out smiling with fashion and smartphones being the bestsellers. As crores of people shop using apps, these are some tips for efficient shopping during e-commerce sales.
Want to know more on Investment Planning? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.
Choose a product and compare prices across e-commerce websites. Then look for cashbacks, instant discounts, exchange offers and a payment mode of choice. Online e-commerce sites are known to hike prices, weeks before big sales. Prices are then brought down during big sales, to make products look attractive and entice customers to make big purchases. Don’t fall for this trick and buy only what you need.
Online marketplaces get cluttered during festive sales, making navigation extremely difficult. Spotting the right deals and offers is extremely tough. Time is lost searching for the best deals and by the time you find the deal, it may be sold out. Websites have the search feature to help shortlist products you need.
Flash sales can disappear in seconds and you must be prepared to grab them. Get on the app early with personal details and payment information saved in your account. Online marketplaces run multiple flash sales and while you need a bit of luck to grab them, there’s no harm in being prepared.
Look for bundled exchange offers and if you have an old smart phone in working condition, use e-commerce sales to get rid of it, rather than resell on third party sites. You could get a new smart phone at a huge discount.
SEE ALSO: Personal Loan Status
E-commerce sites offer a wide range of payment options. You must choose an option which is easily accessible and adds value to the purchase. Opt for no-cost EMIs on select debit and credit cards. You also get a lot of deals on using mobile wallets like cashbacks and discounts.
Always check seller ratings and user reviews before making a purchase. Reputed e-commerce sites promote deals and offers only from reputed sellers. Common red flags to look for are products selling at really low prices and new sellers. Sellers who are covered under reputed programs offer excellent customer support and user friendly return policies. Don’t just look at big discounts. Also check return policies before locking a deal.
Don’t forget to check the user reviews before making a purchase. Specification of products listed on e-commerce sites may vary from the actual product. Reviews give a clear idea on the quality of the product. Seller ratings and reviews are based on actual user experiences and feedback. You get to know how good a seller is in meeting customer expectations.
One of the biggest tricks to save money when shopping online is, Buy What You Need. Feed needs and not wants. Make a budget, zero in on an amount for the festive shopping and stick to it. Save many months prior to a big sale and have funds handy to pocket good deals.
If you must avail loans, plan the repayments. Over borrowing affects the credit score, making it difficult to get loans in the future. Borrow only what is needed and can be repaid, without stretching finances.
Many e-commerce sites offer insurance on smartphones. It’s really worth shelling out a few extra bucks for peace of mind as damages can be expensive.
Many e-commerce sites offer freebies to lure customers. Falling for the freebie trick can be costly. You land up buying things you don’t need, just to get freebies. Check if the freebie is useful and really worth it.
Look out for baits or traps to entice you make a purchase. E-commerce sites make you hurry a purchase. A common trick used by e-commerce websites is the fear of a loss. The fear of losing out on lucrative deals propels people to rush purchases. Be ready to postpone purchases if there’s no substantial benefit. Waiting could be worthwhile, if you’re getting a good deal in the future.
Shopping online is great if done through apps. Apps enhance the shopping experience. You can set alerts for price drops and choice of products through apps. Search for the best deals using price comparison tools. Check for the latest version of apps and enjoy discounts and instant deals offered only on shopping through apps. Choose an app based on the services and offers. Use different apps for different needs. You can have use one app for buying clothing and electronics and another app for general merchandise.
You May Also Watch:
Keep your Financial Cognizance up to date with IndianMoney App. Download NOW for simple tips & solutions for your financial wellbeing.
Have a complaint against any company? IndianMoney.com's complaint portal Iamcheated.com can help you resolve the issue. Just visit IamCheated.com and lodge your complaint. If you want to post a review on any company you can post it on Indianmoney.com review and complaint portal IamCheated.com.
Be Wise, Get Rich.
This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.