Online shopping transactions are going through the roof. In 2021, U.S. online retail sales amounted to around $200 billion. Many surveys suggest that this figure will double in the next five years. Of course, the numbers look promising. But a lot of things need to be figured out. Customers are embracing these online modes with open arms. However, most of them are skeptical as their pain points are getting overlooked.
Most eCommerce gurus or innovators suggest that innovation and product pricing are above everything else. You need to look at the customer’s pain points from the eyes of your customers. The companies that can tackle such pain points are flourishing, while the others rely entirely on sheer luck.
But luck doesn’t stay by your side unless you put in an effort. That’s how online price negotiation came into the picture. It is an old yet innovative concept for the online eCommerce world. Before we jump onto unleashing the benefits of online price negotiations and why you should embrace this new concept, let’s understand more about eCommerce price negotiations.
eCommerce Price Negotiations- Why Should You Give it a Chance?
Everything is going digital. However, with human-to-human marketing transforming the online marketplaces, eCommerce platforms need to integrate similar models to make an impact. Clearly, the “Buy now” model is becoming outdated. This makes customers look for prices at different platforms before making the final purchase.
However, with a negotiation model, customers can initiate a dialogue with the seller. It allows them to pay the amount they think they can pay. Hence, making it a win-win dynamic for both buyers and sellers.
Consider the last time you were shopping online. What things annoyed you? Indeed, different prices and price comparisons would top the list of pain points. With the introduction of price negotiation models by companies like Buyr.com, the process becomes relatively straightforward.
Admittedly, it seems pretty appealing. Still, why should you give price negotiation a try online? Let’s find out more!
As we mentioned before, pricing is one of the most significant factors influencing a customer’s buying decision. Let’s take an example. You found a product you want to buy on a popular online shopping site. But before buying it, you start comparing the prices manually or using another site that helps you find the best price for the same product.
But even though you are buying it at a discounted price, you feel this is more than what you wanted to pay. With more than half of the U.S. buyers living paycheck to paycheck, they often find themselves in a dilemma whether to click “buy now.”
With online price negotiation, one can quickly bid the price they feel is justified. And the best part is that you get the best deals from leading retailers who weren’t available before. You will be surprised to know that online negotiation can help you avail of a discount of around $94. Isn’t that amazing?
Why do you switch to online shopping sites? Simply because it’s convenient. You can do it right from the comfort of your home, office, or any other place. This is why there has been an increase in online shopping customers. But what if you could put your negotiation skills to use when shopping online?
Doesn’t that sound promising? Yes, you don’t have to look for any price comparison sites anymore. Just find your favorite product, bid your price, wait for the seller’s approval, and yay, shopping time is over!
The best part about it is that you are paying the price you want, not what the seller wants. It puts you back to the authority and gives you an equal position as the seller. Plus, you don’t have to wait for holidays or other sales to buy your favorite products.
Better Time Management
As we mentioned before, why do you switch to online modes of shopping? It’s convenient. But another reason is that it helps save time. You don’t have to schedule a particular time to shop for your favorite products. It allows you to save time. But you must be thinking. You can do it with any other online shopping site.
Yes, you can! But the time you waste browsing through different sites for deals and vouchers or looking for the best prices can be annoying as well. On a site providing a price negotiation model, you can browse through your favorite products, bid the price, and get it over with. Even if you don’t find the best price at the moment, the company notifies you when it’s possible. It’s like they are doing most of the job for you. All you have to do is put your negotiation skills to use. In short, you can buy a product at the price you want to pay.
Price negotiations don’t mean that there will be more hidden prices or low-quality products. No matter what you pay for the price, it will always have a 100% money-back guarantee if you are not happy with the product. Plus, the bidding allows you to keep your overspending in check. It’s a fantastic deal!
Custom/ Personalized offerings
What differentiates a brand from another is its impeccable customer experiences. With an online negotiation marketplace, you get a feel of human interactions. Thus, making the entire experience quite impressive! You get to bargain prices and get various tailored options that allow you to get the best deals when shopping online.
Customers love buying online. Whether it’s electronics, everyday essentials, books, or any other item, they want to get the best deals to make the entire process worthwhile. Clearly, online price negotiation enables customers to share an equal position as the seller. And the ease of shopping makes it quite an attractive option.
Not only that, you get a chance of free shipping with endless product options to make it even more fruitful for you as a customer.
So, are you ready to “name your own price” for the product you wish to buy?