A study by the e-tailing group discovered that consumers highly value the ability to research a product before purchasing it, in order to find the best price guarantee. The current online consumer behavior is based on the efficiency of price comparison. This means that customers are highly likely to Google prices of the products that they’re interested in, or for instance use the Amazon price check before they decide what they should buy. This is where comparison shopping engines and apps step in, in order to facilitate this growing need of consumers.
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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.
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Low Price guarantee – Amazon offers price matching on TVs and Cell phones. You can find the details of their price matching policy here. They will also offer price adjustments, if the price of the item drops after you purchase it, within seven days of delivery. The item must say “Ships from and sold by Amazon.com“. Simply send them a request for the price adjustment, and most times they will honor it.
As one of its daily deals, Woot via Amazon offers the refurbished Samsung 28" 4K LED-Backlit LCD Monitor for $229.99 with free shipping. Although it was $10 less for a refurb in August, it's still $65 cheaper than the best price we could find for a new unit today. It features a 3840x2160 4K native resolution, 1ms response time, DisplayPort, and two HDMI inputs. A 90-day Samsung warranty applies. Deal ends today.
Use voice commands to have Alexa search items in your order history and on Amazon's Choice list, and read you the products' names, prices and estimated delivery times. Once Alexa has found you the highest-rated and best-priced products, tell it to confirm your order and you're set. Watch for special promotional discounts that you can use to save money while voice ordering, and always ask for current Alexa Deals for exclusive savings.