Best Online Shopping Deals | Saveasaurus

What are online shopping deals

In recent years, the internet has revolutionized the way one shops for basic goods and services. Sitting in the comfort of one’s home, consumers can travel the world, looking for things of their fancy without time or location constraints and can conclude a deal without breaking a sweat. With a click of the mouse, consumers can now conclude an online transaction in a matter of seconds, thanks to the advancement of e-commerce transactions and the availability of mobile banking.

Added to this, the high penetration of PCs and smartphones as well as high-speed broadband connectivity has prompted shoppers to increasingly shop online. Moreover, the growing middle-class, which is strapped for time and is increasingly tech-savvy, is driving the growth of online shopping portals across the world.

What’s in it for you

In the US, there is a growing trend of the young population who spend a significant amount of time online. Online shopping is increasingly becoming popular among these consumers because of the convenience of online product research, comparison shopping, and competitive pricing to suit every budget and taste. The major reasons driving the online shopping across the world is cash-on-delivery facility, as well as discounts & offers provided by the online retailers. The busy lifestyle of people who do not have time to shop at physical retail outlets is also another reason for the growing popularity of online shopping.

Companies offering online shopping deals have reported astronomical revenue growth over the past two years since they provide discounts at local and nationwide businesses. These companies are taking advantage of the lower disposable incomes of people and offering them hard-to-resist shopping deals to sell their goods and services.

What are daily deals

Some online shopping companies offer discounts on goods and services for a given time only (typically 24 to 36 hours). These discounts are often more than 50%, which shoppers perceive as a huge benefit given that a huge variety of goods and services that is there for the taking. Goods sold by the website are given as vouchers, which a consumer can redeem at local merchants for the physical good or service. Such portals or companies earn revenues from the price paid by the customer for the voucher or the coupon. They realize profits after paying an agreed-upon percentage of the purchase price to the featured business.

Here’s a look at some amazing statistics for online shopping deals: In 2010, there were approximately 63,000 separate deal-of-the-day offers in the US, with estimated consumer savings of approximately $1.26 billion. For 2011, savings traceable to deal-of-the-day offers may reach $3.0 billion. (Source: www.pwc.com/us/retailandconsumer)

In early 2011, data shows that the most popular deal coupons were related to food and drink offers, followed by beauty, spa and massage offers, and sports and recreation offers. (Source: "The Daily Deal Phenomenon: A Year in Review, March 2011" – Local Offer Network). Shocking but true are the market research pointers: US consumer spending on deal coupons is forecasted to increase from $873 million in 2010 to $3.9 billion by 2015. (Source: BIA/Kelsey 2011).

Customer is king

Shoppers are shopping like never before, thanks to the great deals offered by online shopping companies and portals. E-shopping has become the order of the day with huge discounts and bundled offerings enticing the consumer. Popular deal coupon portals such as Snapdeal.com offer everything on discounts from food and drinks, consumer products, clothes, accessories, sports, home needs, and snazzy lifestyle equipment as well. The consumer is spoilt for choice and more often gets the better of the deal in terms of quality of goods on offer, all at the convenience of seeing and choosing the products of their choice online at the comfort of his/her home without any time constraints. Moreover, the consumer enjoys the luxury of getting the goods/services delivered to his/her residence without having to pay extra. Indeed, shopping has come of age.

What’s more, e-tailing is set to take off like never before, thanks to the best online shopping deals offered by the huge number of shopping portals that have mushroomed in recent times. There’s something for everyone in online shopping deals – there are major brands, products, sizes, and ranges for one and all. Even the hardcore money pinchers find it hard to resist online deals for the simple reason that such deals are not offered at physical stores. While physical stores may offer Christmas sales or annual sales, online stores offer shopping deals throughout the year! 

With the advent of smartphones, consumers can now avail the best deals and discounts and carry out online shopping through their mobile phones. The rapidly growing popularity of m-commerce has indeed been a blessing to portals that offer online shopping deals. Shopping that was earlier concluded with a click of the mouse can now be conveniently done on the move through mobile phones without location constraints. Cashing on the trend of the growing popularity of smartphones, companies that offer online shopping deals are looking at high volumes of product sales through this mode of shopping.

Website: Saveasaurus