In today’s highly competitive eCommerce marketplace, the savvy online shopper rarely makes a purchase without doing a little homework first. To a consumer, there’s nothing more exasperating than spending $200 for an area rug and then stumbling across the same product for $50 less at another website. Of course, no-one has the time to visit hundreds of sites hunting down the lowest available price, which is why shopping comparison engines have become so widely popular. According to industry estimates, 68% of online purchases begin at a shopping comparison site or search engine, with only 30% of conversions originating from a direct visit to an eCommerce store.
The premise is simple—online merchants set up a feed of hand-picked products to the shopping comparison sites, which then accumulate all of the product information into a database and create a search index. When the consumer visits the shopping comparison site and does a search for, say, “golf clubs,” a search is performed against the database and returns a listing of all relevant matches. The consumer can then quickly compare their attributes. Different sites may fluctuate somewhat in their presentation and layout, but most will display such product information as price, product name, seller’s name, product image, and key selling points. Nearly all will provide the consumer with various sorting options, so they can shop by price, by brand, by rating, or by other parameters. A link is also provided, so the shopper can quickly hop to an online store to obtain more information or to purchase the featured item.
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