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Cash crunch has hit the nation hard. Ever since the demonetization decision kicked in, it has been a down spiral for many businesses, especially those which relied heavily on cash exchange. While shopping has surely taken a blow, the effects of the same have been lessened, thanks to online retailers.
The ban on old Rs 500 and Rs 1000 notes have opened gates to a flood of discounts from shopping sites which are on a constant lookout to acquire new customers. This has turned out to be a win-win situation for both retailers and shoppers.
Online shopping has become more advantageous and cheaper than offline modes. You can still shop your heart out and be the pro-shopper that you are with no cash!
1. Biggest Discounts
Demonetization is the time for online retailers to cash in on consumer’s love for shopping with big discounts. That is what has exactly happened.
Shopping sites are wooing shoppers with cheap prices, cool offers and added discounts. To make things enticing, there are coupons and promo codes available to give discounts up to 70% on online purchases. Make sure you subscribe to newsletters from popular sites such as Flipkart, Jabong, Amazon, Myntra, and Snapdeal to get discount codes delivered straight to your mailbox.
2. The Power of Combos
Cross-selling is quite a good marketing tactic when it comes to lurking shoppers and converting them. With the crunch in cash, online retailers are offering incredible deals on combo purchases.
If you are shopping for mobiles, you can get mobile accessories such as power banks, chargers, USB cables, cases and covers at cheap prices along with the mobile purchase. There are also exciting combo offers on fashion and other purchases at shopping sites.
3. Apps and Notifications
Shopping apps have revolutionized the way shopping is done on the go. Install apps of leading online retailers on your phone and create an account on them to get notifications and popups of discounts and sales.
The advantage of using apps is that you’re the first one to know of all the upcoming promotions and offers. Also, there are exclusive app-only deals which give extra discounts on purchases made through the shopping app.
Do install – Amazon India app, Flipkart app, and Myntra app.
4. Shopping Forums
Where there is activity, there is something interesting going on!
Shopping forums are buzzing with crazy shoppers looking for the best deals and sharing great offers for other deal hunters. Register yourself for free on shopping forums and be a part of the conversation to know of all the latest offers and massive discounts on many online shopping sites.
Paytm has been one of the biggest beneficiaries of demonetization. The e-wallet which allows digital transactions, bill payments, and bank transfers has seen a huge spike in usage after the cash ban.
Also, other digital wallets that you must use, including Freecharge, Oxigen, Airtel Money, and ICICI pockets have seen a steep rise in usage by customers. To further accentuate their brand reputation and for acquiring more users, these digital wallets have started giving cashback on online purchases made through them.
Create accounts on these apps and pay for your online purchases through them for more discounts and cashback offers.
Apps to Install – Freecharge, Paytm, Airtel Money, and ICICI Pockets.
Paytm recharge offer – Flat Rs 10 Paytm Cashback on Recharges/Bill Payments.
It’s time to shop like a real pro with no cash 😉