Connect with us

Business

Best Five Money Saving Tips for Online Shopping in India

Published

on

Money making tips in India coupons

flickr/cpyles

Nowadays, no one is away from the growing influence of the world of Internet shopping. Every one of us is impressed by the ease of shopping online and getting the product delivered right at our home. We do not have to face the hassle of closed stores, unfriendly shopkeepers and non-availability of product in the local market. We can order almost everything online now using our credit cards, debit cards or cash on delivery for products. In India this trend is slowly picking up pace. Companies like Flipkart and Snapdeal have changed the Indian shopping landscape entirely. Most stores have extended their presence to internet and hence they provide great convenience to the consumers, while also making money for themselves by extending their sales beyond physical boundaries.

However, there are many chances that the product you purchased from your favourite online store is costlier than the price you could get if you purchased it from another online store or a conventional offline real store. Usually online stores also charge some shipping costs, which end up making the product purchase a non-profitable scenario for you.

In our previous articles, we talked about how to setup an ecommerce company in India and how an Indian startup is helping you shop better with personalization solutions, in this article we will discuss how you can save money shopping online with personalized coupons and some other smart methods.

1. Use coupons – Coupons are one of the easiest ways to save money. Most e-stores issue discount coupons for items. These coupons can provide you with free shipping and/or great discounts. These discount coupons are also easy to use and one just needs to enter the code while checkout. However, the hard part is finding these coupons. Nevertheless, there are many such websites in the market, which consolidate these coupons. Flipit is one such website, which I personally favour. Flipit is a multinational company and its major plus point is their wide range of coupons and the way users can personalize their member account through preferences. Once you select your favourite online store in the preferences, the portal will always show you the best and latest working coupons from that store. Becoming a member is free of cost and in return, you get access to the exclusive member-only coupon codes, which provide higher discounts. The portal currently offers around 1,100 live working coupons! What excites me about this company is their ambitious plan of developing a geo-based couponing App for Google Glass, and a postal service that delivers customized coupons to your door. They also have many exclusive deals with the Indian shopping websites. They have a clean layout, which does not contain popup ads. User interface and searching for coupons is very easy too.

2. Use debit card/credit card more often– Many online stores provide discounts to the credit/debit cardholders of certain banks. Now you do not necessarily have to have bank account in all the banks. If you have a bank account in major banks such as ICICI, SBI and Citibank then there are many chances to easily avail up to 20% exclusive discounts. Some credit/debit card schemes also give you great deals such as buy one pizza get another free, or buy one movie ticket, get another free. If you do not have a bank account yet, check which one provides better deals. If you already have a bank account then keep an eye on the stores who provide exclusive deals for debit/credit card holders of your bank.

3. Use Comparison Websites – There are many websites in the market, which provide a basic level price comparison of the product you intend to buy. Using such websites like Junglee.com , you can pick the store which is offering the required product at cheapest costs. It might take a little longer time, but in the end, you will save lots of money. Once you find out the website, which is offering the item at cheapest cost, go back to Flipit, find the coupon code for that store and save even more!

4. Availing Cashback/Points redeeming schemes – Many websites in India offer instant cashback on certain products. It will lower the cost of the product and ultimately you end up in saving lots of money. Some services like Payback require you to register with them, they track your purchases everywhere by providing you a Payback account number that you can enter during checkout or swipe a Payback card while making purchases in the offline stores. Your every purchase earn you some points, which you can redeem at various online shopping portals such as eBay. You can also buy some products directly from Payback portal.

5. Smart Shopping – It cannot be stressed upon enough. Most shoppers end up purchasing the products they want at much higher cost if they are not smart and they bought the product at wrong time. Certain products like mobile phones and electronics lose value very fast because newer products arrive in market every day. Their cost is highest when they are just launched; slowly they reach a saturation point. The idea of smart shopping is to buy when the price is lowest. If one has some experience in online shopping one can easily guess the behaviour of cost of product with time.

I am a software engineer in a prestigious MNC. I am NSE certified derivatives professional and I like to dabble in money making schemes a lot. I like to read, play subway surfer on my tab and I am always connected to internet.

Continue Reading
Comments

Business

You Can’t Afford An Employee Scandal In Your Business Model

Published

on

Employee Scandal

There are countless issues that business owners encounter when they are trying to aim for greater levels of success on the market. Some of the problems can knock you out of the running completely and leave your business dead in the water. That’s certainly true for an employee scandal. If you’re not worried about an employee scandal in your business, then you’re not seeing the bigger picture. A problem with your employees can cause a drop in sales, leaves you struggling to hire talent for your company and hurt the reputation of your business all at the same time. To understand the ramifications of this issue, you need to be aware of the scandals that can hit your company.

Criminal Activity 

It is possible that a member of your team is involved in criminal activity while working for your company. If this does happen then they could target your business as a whole or your clients. Unfortunately, clients won’t blame the individual employee for this issue. Instead, they’ll blame your company as a whole for not taking the right steps to vet the people that you hire. That’s why you should think about using a professional service to ensure your hiring standards are at the right level. A construction labour hire agency can help you here and guarantee that you don’t end up with any shady people on your team. 

Injuries

You also need to make sure that you are avoiding issues with injuries in your business model. Injuries can and often will occur if the right steps are not taken to avoid them. Indeed, if you want to dodge injury claims in your business, then you will need to hire a health and safety officer. They will check for hazards and ensure that you don’t have to worry about your business environment being unsafe. Businesses will bounce back for the occasional personal injury claim if they have the right insurance in place. However, if injuries are a constant occurrence in your business, then your company will struggle to get new hires. No one wants to work for a business where employee well being isn’t a top priority. 

Harassment 

Finally, you need to make sure that you don’t have an issue with harassment in your business model. Harassment can occur in a variety of forms. For instance, you could find that individuals are being harassed due to their gender or they might be being bullied. If you are worried about this problem in your business, the first step will be to set up HR support. This will provide a structure that employees can use when they have an issue that they need to deal with in your company. You should also consider adopting a zero tolerance policy for this type of problem. 

We hope this helps you understand the potential employee scandals in your business model and what they could mean. In doing so, you will be able to make sure that you avoid them and keep your company on the right track for the future. 

Prev postNext post
Use your ← → (arrow) keys to browse

Continue Reading

Business

How To Reduce Your Shipping Costs As An Online Seller

Published

on

Reduce shipping costs

Shipping costs are something that you are stuck with as an online seller. This makes finding innovative ways to reduce your expenditure on shipping a necessity. This keeps your profit margins high and your stream of revenue flowing steadily. Thinking strategically to reduce shipping costs for yourself and your clients is a major requirement if you want to be successful as an online seller. This is because your customers and clients expect to spend less on shipping and want free shipping in most cases. Here are five smart ways to reduce shipping costs.

Choose lighter packing materials

Protecting items in transit is important, and this means you must get the best packing materials to secure them. However, not all packing materials are the same. To lower shipping expenses, consider lightweight, protective materials that offer the same level of protection as the heavier ones. In this regard, use air pillows and bubble wrap to secure the boxes’ empty spaces—the lighter the package, the lesser the cost.

Use flat-rate shipping

Make the most out of flat-rate shipping. Most major logistics businesses offer some sort of flat-rate shipping, and you can take advantage of this to save some money. If you happen to ship heavy items frequently, this could present a great opportunity to save a lot. Be sure to research your options and make the best choice that makes it economical for your business. You can get significant savings on UPS prices here.

Improve your negotiation skills

Great negotiation skills are key to saving money anywhere, and in the shipping business, your ability to negotiate will save you some expenses. You can negotiate the terms and rates of your parcel volume even if it is on the low side with your shipper to slash your shipping costs. With competition high amongst shipping vendors, being a good negotiator could secure you a good deal. However, note that not all shippers can provide certain services or guarantees. So, be sure you settle on one that can fulfill all your shipping obligations and satisfy your customers’ demands.

Buy in bulk

Buy packaging products, from cartons to air cushions, to bubble wraps, and even pallets in bulk. Buying in bulk usually comes with volume discounts that can save you some money. One more thing to consider is your product packaging. Your packaging is part of your brand, so find suitable branding methods that do not alter your products’ weight by much.

Recycle and reuse shipping supplies

It is more likely than not that you also have items shipped to you before you resell. It is best to recycle and reuse such shipping supplies, to save money on shipping costs and packaging materials. You can repurpose the cartons and packaging material for your own packages. Simply replace the shipping labels with your branded ones. This also ensures you run a green business as you reduce the effects of possible environmental pollution.

If you decide to offer free shipping to your clients, that is fine but remember that it will eat into your profits. In this regard, you must find smart ways to save money on shipping expenses as well as packaging. If not, then as much as possible, find ways to reduce the shipping costs for your customers so that they can continue purchasing your products.

Use your ← → (arrow) keys to browse

Continue Reading

Business

Ensuring The Best Quality For Your Customers

Published

on

Best Quality for Customers

For all businesses big and small, customer satisfaction should be the number one goal, as they’re the ones who make everything possible. Without customer satisfaction, you’re going to see sales decrease, and it’s going to be hard to operate with efficiency! There’s a lot you can do to ensure that your customers are satisfied, and it doesn’t hurt to put in that extra effort to make sure of it!

Data security

Data security is very important for many reasons, but most importantly you want to make sure customer information is not at risk! It’s a legal requirement to protect the sensitive information of customers and employees, and you’re likely going to lose sales if you have a data breach. Make sure that all of your data is secured and away from people with ill intent, else you’ll be risking your reputation and the trust of your audience!

In-house guarantees

If you work in retail, the only way you can ensure customer satisfaction is from product testing, and making sure everything is the quality you want it to be! Whether it’s by tasting products as a food retailer or making sure customers are getting what they pay for. If you sell by weight, consider investing in some scales to make sure you’re selling what you advertise – ones like these: https://www.arlynscales.com/scale-knowledge/industrial-weighing-scales/. You don’t want any mixups with customer satisfaction, and many brands have faced criticism for inaccurate advertising.

Promotions and loyalty cards

Loyalty cards and promotions are a great way to reward your customers for buying from you, they allow you to give back to the customer for their repeating patronage! Make sure to set it up so that you don’t lose out, while also giving back to your customers – you’re trying to please the customer, not sink the business!

A lot of businesses offer credit instead of a loyalty card, finance that can only be used in their stores, encouraging them to come back and buy from you again! These deals are great for building lasting relationships between you and your audience, and should be used by every retailer if they can afford it!

Customer feedback

Allowing customers to give feedback is very important if you’re trying to please them, as they can tell you exactly what you did wrong and how you can do better! A lot of businesses do this through their website with a review feature, allowing them to collect data on their customers and find a general consensus on what the audience wants. It’s never bad to hear what your customers have to say, and you might end up pushing yourself a little closer to success with each change based on customer complaints! You can read more at https://survicate.com/customer-satisfaction/tips/.

You can’t please every customer, but trying to please the majority of them is what’s going to help you climb closer to success. Trying to keep an honest relationship with your customers, and not driving your prices up too high is important if you want to keep loyalty between you; people can tell when they’ve been overcharged – and that’s not something you want!

Use your ← → (arrow) keys to browse

Continue Reading

Trending