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+--- Thread: How online shopping website selling products at 1/10 of market cost? (/thread-138374.html)
How online shopping website selling products at 1/10 of market cost? - anuj_srmsmi - 04-09-2014 03:59 PM
websites like "Shop clue s" ,
"desi dime" etc are selling 500 rupees of socks, shampoos, soap, and many other items in less than 100Rs/- and some times less than 10 bucks. WITH FREE HOME DELIVERY.,
how is it possible? Are the brands are not original or they are selling used products..
if possible i am expecting answer from IT manager/ IT economist..
- Daniel Bradley - 04-09-2014 04:12 PM
I am neither of the two...but I believe they can sell way below cost because they don't have to mark up the price to make a profit(aka no overhead)
No store = low monthly bills/ no rent/ electricity/ employees(and their benefits)/ no cleaning
a small warehouse could serve the same population that a chain of stores serves...
because it's online it can be GLOBAL and not local
No money spent on advertising because if they are the cheapest people will come to them
- PATMAN - 04-09-2014 04:21 PM
The merchandise is fake or they rip you off on shipping.
Sorry, but I only went to Stanford for MBA.
- Dani - 04-09-2014 04:29 PM
Simple! They don't have lot of investment, which interns reflects in product cost.