Malaysia’s eCommerce sector is on a growth trajectory and is already benefiting from several government initiatives such as the National eCommerce Strategic Roadmap’s (NeSR).
According to recent statistics, more than 16.53 million Malaysians are online shoppers. This figure is amongst the highest in the region since it covers over 50 per cent of the total population. Furthermore, 62 per cent of mobile users use their devices to shop online. This makes the country an extremely attractive market for eCommerce players around the globe.
If you are reading this, you are likely an online shopper too. There are, however, several tips that can help you save more on your purchases.
Here are 7 ways to help you save money while doing online shopping:
1. Know your products
One of the biggest advantages of online shopping is you can make a whole lot more price comparisons. Compare that, if you will, to when you go shopping at brick and mortar outlets. The internet also allows you to go to websites, forums, and social media to get advice from others.
2. Identify the best shopping periods
Certain holiday periods provide discounted prices. We all know that. However, some outlets have their own specific sale periods. Where do they announce these sales? They mostly do it online via their social media channels. So, following on from tip (1), once you identify in advance a product you like, follow their social media accounts so you get updated on any sales they have.
3. Turn on notifications
The downside of tip (2) is that you may get overwhelmed by too much information. Luckily, some websites provide the option for email notifications specific to their sales and promotions. By turning on these notifications, you get to filter out information and news that do not interest you.
4. Use eWallets
There are several advantages of making purchases using eWallets compared to credit cards and direct bank transfers. One of them is more discounts and cashback rewards for every transaction. However, the types and amount of discounts vary between eWallets.
5. Take advantage of cashbacks
Other than eWallets applications, there are also services which specifically offer you cashbacks on your online purchases. Sites such as Shopback offers you this benefit for hundreds of online stores.
6. Save on delivery costs
Some websites offer free delivery when you order a certain amount of product. Therefore, when comparing product costs, make sure you factor in the delivery cost too. The one with free delivery might be the one with the cheaper overall cost.
7. Pay at home, pick up at the store
Following on from tip (7), if there is no free delivery but you pick up the product nearby, you can save cost by doing so. You can take advantage of the cheaper online prices without worrying too much on delivery costs.
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