We live in a price-conscious society where we are constantly bombarded by price comparison websites advertising on our Televisions to save money by shopping around. Two adverts that spring to mind in the UK are the opera singer who sings ‘’Go Compare!’’ out aloud and the Cheeky Sergei the Meerkat in the Russian Army from compare de Meerkat dot com. Both these companies are fighting for a bigger share of the national market place and there is big money to be made in this industry.
The price comparison websites have been around for two decades but has really grown up in the last ten years as more people have gained access to the internet. The main reason for growth is due to the speed and constant improvement of the internet, data storage and transfer technology. Comparison sites can now collect data directly from a selection of different sellers’ website at the same time and display them for you to find the best price.
Price Comparison Websites Save Money For The Users
Online shopping offers customers the convenience of shopping from the comfort of their home at a pace that suits them. This allows them to do all the research and investigating without feeling pressured by a sales assistant. Once you have found the cheapest price you will still need to manually compare all the products based on their prices and delivery charges. An item might look cheaper until you look at the additional delivery charges. You will need to research these charges to find the best prices.
Buy Anything through Price Comparison Websites
The products that are compared by these sites cover an enormous range of consumer products and services such as utility service providers, best mortgage lenders, holidays, personal loans, health insurance, car insurance, life insurance, lowest credit card deals, every day products from your supermarket, electrical goods, household goods, etc. Current statistics suggest that over a billion pounds a year is spent and it’s estimated that over six million visitors use price comparison websites each month in the UK.
Price comparison sites allow you to look at many different items or services together. This saves you time and money as you can seek out the cheapest deal at the lowest price. You are under no obligation to buy from anything from price comparison websites you are shown. Best of all you can take your time looking for the product or service you are looking for and remember price comparison websites are an excellent way to save money.
Price Comparison Websites are paid to market products
Remember price comparison websites are biased to the merchants that pay them for promoting their products and services on their site. This means you will have found you the best price from the merchants that advertise with them. You will not have found the lowest price on the entire internet. Recently a new application was patented that will search the entire internet and all of the Google pages for the cheapest price. The myShoppingGenie price comparison website application will revolutionise the industry and you can work from home making money by distributing their free Application as an independent distributor.
The future of price comparison websites is closely linked to the development in technology for developing applications for finding downloadable music, games, online learning, music video, video, social networking and free software at the cheapest price. All this technology is being developed as we speak for the iphone and blackberry mobile phone market.
Price comparison websites within the insurance industry and the finance industry are highly competitive. Most people who use these sites return year after year to find the cheapest deals. Love them or loathe them price comparison sites are here to stay. There future is sound and long-term they will thrive and grow as the public become more price conscious and continue seeking cheaper prices, bigger discounts and better bargains. Ultimately the consumer will be the biggest beneficiary of price comparison websites.
Your thoughts, experiences and comments about price comparison websites are welcome below.