Piper Jaffray’s report also broke down the popularity of Amazon based on household income. It found that the Seattle retail giant is the favorite among teens from upper-income families (with an average income of $101,900), it also saw strong growth in the $41,000-$68,000 household income bracket. Piper Jaffray says this may be a sign that Amazon’s efforts to convert lower-income consumers is working.
A price comparison app or website allows you to compare prices for products. The app shows you the product prices from different retailers to show you where to buy the product affordably. Some apps require you to scan the barcode while others allow you to type in the product name to find your product. The price comparison website then shows the customer a list of retailers who are selling the same product, and how much they’re selling for. Those looking to save money on purchases are more likely to use a price comparison app. To attract budget-conscious customers you’ll need to offer a lower product price. However, it isn’t necessary to lower your product price to attract customers to your store.
Customers will find products like the card game Codenames (4.8 stars, with more than 2,000 customer reviews), which 88% of reviewers rated 5 stars, and a Lodge 3.5 Inch Cast Iron Mini Skillet (4.4 stars, with more than 10,900 customer reviews), which 76% of reviewers rated 5 stars. Of course, Amazon 4-star shoppers can also find Amazon devices like the Echo Spot (4.5 stars, with more than 5,600 customer reviews), and the Fire TV Stick (4.4 stars, with more than 197,000 customer reviews). Customers can test-drive dozens of Amazon devices and smart home accessories that work with Alexa, and shop a curated selection of speakers, fitness tech, and other highly rated consumer electronics.