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Invasion of the Bots

On-line shopping assistance
Can they deliver the savings?

Having to shop on-line can take time just like fighting the crowds in search bargains. Sure you don’t get fun of jostling crowds and flying appendages characteristic of busy stores, nor the fun of waiting in never ending lines not seen since Orientation week. But on-line shopping can have its challenges as well.

Of course, the actual price of the item is likely going to be a factor. To assist you there are a number of bots that help you compare prices without having to search every site individually or run from store to store in search of the best deal. You simply type in the name of the product that you want to compare prices on and it comes up with a list of all the merchants that are selling that item and the price that they are charging.

The drawback is that many of these bots are geared toward comparing prices of U.S. merchants, leaving the Canadian shopper with fewer listings in their shopping bots. Still they provide a useful tool in gauging approximate prices as well as product features and opinions.

Another thing to remember about bots is that they may not carry all the merchants that you want to check prices for. In addition you should also know that some merchants pay to have a preferred spot on the merchant list. A good bot will let you know this up front. Best to use a bot that lets you sort the results of your search by price.


Is it your bot getting you the best price?

Some shopping bots search many more merchants than others. Thus bots that search 50 to 100 different merchants are likely to get you a better price than bots that only search 4 or 5. We found that some US. bots search 30 - 50 plus merchants within certain categories (i.e. home electronics), whereas the Canadian bots tend to search 4 to 7 or less.

Bots also tend to search some of the larger stores, meaning you still may get the best deal at a smaller local store (that isn’t in the bot search engine), than at the one that pops up on the shopping bot. In addition if you are shopping for an item like a computer you may find that the slightly higher local store price may be worth it if you get on-going convenient service on your purchase. On other items like a camera, MP3 player, etc., the lowest price may be what matters most.

If you want to buy from the local retailer you may still want to use the shopping bot as an aid to save. Do a search on the item that you wish to compare prices on. Save and print the results listing the best prices and then armed with these results approach the local merchant to see if they are willing to beat, meet (or come close to meeting) your best price. If it is an on-line merchant’s price they are trying to meet the local retailer will likely take into account what you would have paid in shipping. As the economy is weaker this year, you may find that retailers, hungry for sales and thus willing to meet these prices.

Bot tend to be good in some stores and not so good in others. Just like when we’re young and single we probably wouldn’t be the best person to ask about picking out baby furniture, bots are better at comparing some products than others. For example comparing products with particular model number or title such as a Discman or DVD tend to be a strength of shopping bots while they tend to fall short on items like fashion items or accessories. To get the most benefit try and enter as specific of information as possible in your search query.


Who’s doing the shopping for you?

There are a number of different free bot services out there to assist you in your search. Some are better than others. Unfortunately there are more bots combing the stores in the U.S. than in Canada so your choices are limited. Some bots are better than others when it comes to number of stores they shops as well as the amount of additional information it provides on these stores and products. Some of the better ones are:

www.cornocopia.com A site that offers a Canadian Shopping bot. While not offering the same number of merchant comparisons as similar U.S. engines, the shopping bot does offer some good Canadian choices with this downloadable and easy to use tool. The basic download is free with a more “exotic” bot for the hard core shopper is available for a fee.

http://buybuddy.sympatico.ca A Canadian site that lets you compare prices at various merchants. Most of the merchants compared however were U.S. based. The site does offer some product reviews in addition to listing prices in Canadian currency.

www.bizrate.com A U.S. site that provides ratings of U.S. merchants and offers price comparisons on a variety of products, along with merchants offering free shipping in the U.S. and internationally. Lets you sort by price.

www.mysimon.com A U.S. site that provides price comparisons as well as merchant reviews, and store policies ie returns, payment methods, etc. Lets you sort by price

www.dealtime.com A U.S. site that provides price comparisons in addition to rankings of stores based on customer reviews. Lets you sort by price.


Of course, if you love the rush of adrenaline that comes from the mad holiday rush of shopping, the on-line experience may not be for you. However using the Internet and bots for price comparisons and product descriptions may help you secure the best deal at your favourite brick and mortar store. Choose your bots carefully and pay attention to their comparison methods and features to get the most out of them.

Questions? Comments? Suggestions for The MoneyRunner? Write to us at Themoneyrunner@debtfreegrad.com

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