The Great Indian eCommerce Sites

Standard

Yesterday I was browsing for Mac Mini as that seemed like a good value for money option compared to iMac. Since I am an Amazon loyalist so I first went to Amazon where it was listed at Rs. 36,391/- with a MRP of Rs. 36.990/- as shown in the pic below.

Mac Mini Price in Amazon

Price on Amazon was very much what I anticipated but still I thought I’ll take a look at what others are quoting for this item so I opened Flipkart. On Flipkart, the same product was listed at Rs. 41,500/-. There was no MRP specified so it’s safe to assume that the MRP of the product, as per Flipkart, was at least the price at which it was being offered, i.e. Rs. 41,500/-.

Mac Mini Price in Flipkart

But wait, wasn’t the MRP on Amazon for the same product was less? Yes, it was. Rs. 36.990/- to be exact. Confused? This is nothing. Read on.

Next, I went to Snapdeal and searched for the same product and here is what I saw.

Mac Mini Price in Snapdeal

So Snapdeal was offering the product at Rs. 37,997/- (better than Flipkart) but hey, what’s that MRP? On Snapdeal, MRP was mentioned as Rs. 40,900/-.

Now this means that the MRP listed on both Amazon and Snapdeal for the product was less than the price at which Flipkart was offering the product. How’s the possible? It essentially means that Flipkart is selling the product at higher than MRP. Remember there was no MRP specified on Flipkart.

Another question is how come the MRP itself is different on different sites? There is a possibility that even though the model is same, some sites have older or newer stock resulting in the difference in MRP but I didn’t find any such difference from the product description and specifications though it may not have been specified anywhere.

Anyhow I didn’t stop there and searched for the product on Google and came across this listing on Vijay Sales which is a large (primarily offline) retailer of electronics and appliances. And guess what? The MRP specified, as shown below, was again different though it was very close to the MRP on Snapdeal. On Vijay Sales, the MRP was Rs. 40,990/- (Rs. 90/- more than Snapdeal).

Mac Mini Price in Vijay Sales

Now how it is possible that the MRP of same product is different on 4 different sites? It makes me think that there is something fundamentally wrong the way these sites are displaying the MRP, discounts and price. One primary reason is clearly to show higher (than actual) MRP and low offer price to come up with a higher percentage of discount. After all, a 20% discount looks better than 5% discount if you’re not comparing the final offer price on multiple sites.

For a moment, I wanted to keep going and checking out the price and MRP of the product on some other (smaller) sites but then I remembered I had better things to do 🙂

So here are my takeaways from this.

  • Amazon seems to be the best option as I have generally found. It was offering the product at lowest price and least MRP. (Yay! My trust in Amazon isn’t broken with this discovery)
  • Flipkart comes across as shady as the price is highest among all 4 sites and there is no MRP shown. If you compare, the price of Flipkart is higher than the MRP mentioned on all other sites. You don’t have to be Einstein to understand what that means. My advice – stay away!!
  • I have generally found that the price difference between Amazon and Snapdeal is the least and a few times, I have found products on Snapdeal cheaper compared to Amazon so I usually check the price on both Amazon and Snapdeal before I buy something. Probably you should too if you’re not doing it already.
  • Finally, there is something fundamentally wrong with the way Indian ecommerce sites are manipulating the prices, discounts and even MRPs to increase their sales though I am not sure if they’re succeeding. An average Indian online buyer is intelligent enough to see through such manipulations.

NOTE: The screenshots were taken on 27th June (2016) evening so the prices may have changed now.

Entrepreneurship and Parenthood …

Standard

I read an article on TechCrunch sometime back which was about similarities between entrepreneurship and parenthood. The author beautifully explained the remarkable similarities which exists between an entrepreneur and a parent. Here is one part of the article which I like the most, it is something which is true beyond any doubt.

I’ve never met an entrepreneur who regretted taking that path, even if it cost them everything. I’ve never met a parent who regretted having children, no matter what sacrifices they made to raise them.

Today morning I read the news about Jerry Yang resigning from the board of the company (Yahoo!) he founded seventeen years back. As per the news, one of the Yahoo shareholder wanted Jerry out of the board. The news struck me hard, I was dumbstruck for a few moments. What I found very disturbing was the fact that Jerry Yang had to resign from the company he founded himself. Jerry Yang was a visionary, there was a time first thing which came to mind after hearing Internet was Yahoo (though it’s Google and Facebook now). However that is not the point of this post.

How would you feel if someone takes your child away from you? If you believe there are similarities in entrepreneurs and parenthood like me then  you’ll probably agree that’s how Jerry Yang must have felt when he was asked to resign from the board of directors. That’s how Steve Jobs may have felt when we was ousted from Apple after the (in)famous Palace Coup. Or may be I am out of my mind and most of the entrepreneurs do not feel this way. In fact, many entrepreneurs have a exit strategy even before they have a product or service in place, which is like feeding a chicken well so one day it can be sold in return of good price (RoI). If entrepreneurship and parenthood are similar then this can’t be entrepreneurship.

For the record, I am not trying to say whether having a exit strategy is good or bad. Many of the companies are born now a days with the sole objective to be acquired by the likes of Google and Facebook one day so I would be mad to say having an exist strategy is bad. My liking for the analogy between entrepreneurship and parenthood challenged my belief when I read the news about Jerry Yang’s resignation which resulted in this outburst. My sanity says this is how businesses are run so there is nothing unusual about the news. Probably that’s right so I should now stop bothering myself and the readers (if any).