The comparison shopping industry has been around for almost two decades, but has really grown in the last ten years as more people have access to the internet.
The comparison shopping industry has been around for almost two decades, but has really grown in the last ten years as more people have access to the internet. The main reason for the growth is due to the speed and constant improvement of the Internet, data transfer and storage technology. Comparison sites can now collect data directly from a selection of different sellers’ websites at the same time and display it for you to find the best price.
Online shopping offers customers the convenience of shopping from the comfort of their home at a pace that suits them. It allows you to go through the entire due diligence process without feeling pressured by a sales staff. Once you’ve found the lowest price, you’ll need to compare all items based on shipping and price. The fact that any item seems cheap can become more expensive if you add shipping costs. You should consider these charges to find the best price.
The products that are compared on these sites cover a huge range of consumer products and services, such as utility providers, best mortgage lenders, vacations, personal loans, health insurance, car insurance, life insurance, credit card offers lower prices, everyday products from your supermarket, electrical appliances, tableware, etc. Current statistics suggest that we spend over a billion pounds a year and estimate that over six million visitors regularly use price comparison sites each month.
Price comparison sites allow you to view many different items or services together. This saves you time and money as you can search for the cheapest offer at the lowest price. You do not have to buy anything from any comparison sites that are shown to you. Best of all, you can take your time searching for the product or service you are looking for and remember that these sites are a way to save money.
Remember that comparison sites are biased towards merchants who pay them to promote their products and services on their site. This means that you will have found the best price from the merchants who advertise with them. this will not be the lowest price on the entire internet. A new application was recently patented that will search the entire Internet and all Google pages at the cheapest price. The myShoppingGenie price comparison app will revolutionize the industry and you will be able to work from home earning money by distributing their free app as an independent reseller.
The future of comparison technology is the development of applications to download music, games, online learning, music videos, videos, social networks and free software at the lowest price. All of this technology is being developed as we speak for the iPhone and Blackberry mobile phone market.
Comparison sites within the insurance industry and the financial industry are highly competitive. Most people who use these sites come back year after year to find the cheapest deals. Like it or not, comparison sites are here to stay. Their future is strong and long-term, they will prosper and grow as the public becomes more price-conscious and continues to seek cheaper prices, deeper discounts and better deals. Buyers will be the biggest benefactor of price comparison sites.
