Is Monoprice Cheap? Sure it is, but how can we further reduce the cost? This article goes into detail on the actual cost of shopping on Monorpice and saving some extra cash while your at it.
Consumer electronics are widespread. When you hear consumer electronics, it refers to equipment intended for everyday use. Consumer electronics are commonly used in the office and in the fields of communications and entertainment. Some of the products include televisions, digital camera, radio, camcorders, laptop, telephones, mobile phones, game consoles and many more. Can you imagine life without consumer electronics? It is impossible to envision life without the equipment and technologies.
If you want to know about the latest consumer electronics, you can visit the annual Consumer Electronics Show. This event is greatly anticipated by all consumers because new products and technologies are presented. You can visit Las Vegas for the Show if you really want. But if you prefer to stay at home and not think about dealing with long queues, you should know the concept of eCommerce. eCommerce (or electronic commerce) is an industry that offers buying and selling trough the web. Many people consider eCommerce because of its reliability, convenience and comfort.
The eCommerce industry is prevalent these days. You do not need to deal with long queues because you only need your computer and an internet connection. You do not need to stand because you can easily order and purchase a thing just by sitting and waiting. But you have to be familiar with electronic funds transfer so you can transact. If you are thinking about maximizing your business, eCommerce can help a lot if you give it a chance. Purchasing or selling a thing online has never been this easy and convenient.
Speaking of purchasing a thing online, have you considered any store? Looking for a store is not easy but if you are serious about it, you will surely find something. There are many online stores in the market these days and that is where the problem arises. What company should you consider? Well, to begin, you should look for a store that is trusted. Ask some of your friends if they indulge in consumer electronics shopping online and what store they trust. You should go to a company’s website and read the reviews and feedbacks of other consumers. From there, you can get an idea if they are trustworthy.
Out of the thousand stores, for sure you came across the Monoprice. Monoprice is an online vendor that offers consumer electronics. The company is in Rancho Cucamonga, California. The company offers many consumer electronics products but they are known for their cheap HDMI cables. So if you are asking, is Monoprice Cheap? One of the lowest cost providers out there undoubtedly, then you use a Monoprice coupon code and the prices are just crazy. The company is nestled in 173000 square foot warehouse where their office and shipping transactions are set up. What really makes Monoprice the cheapest in the market? Here are some reasons?
Eliminating extra costs
Monoprice has been successful because it eliminates extra costs like packaging. The company acknowledged that many people are looking for affordable and cheap electronics online. With this, the company thought about copying some brand name designs and removing the costs of extra packaging. So far the technique is effective because every day, the company attracts more and more consumers.
Purchasing large volumes
If you are a buyer and you bought large volumes of a specific product at once, the seller will probably give you a discount or a special price. This is called wholesale. Monoprice can afford to sell electronic devices cheaply because they purchased the items cheaply. It was mentioned earlier that they also eliminate costs of packaging. Think of this equation: eliminating the costs of packaging + purchasing large volumes = cheap and affordable products.
Selling generic electronics & accessories
After acquiring the products from different companies, Monoprice will start retailing it. Another reason for its cheapness is the company retails generic electronics and its accessories. Generic refers to the basic or standard form of electronics. If you buy branded electronics and accessories, of course it will cost you more.
30 day money back guarantee
Money back guarantee is also called satisfaction guarantee. It is an assurance or promise from a specific company that if the buyer is not completely satisfied with the delivered product, a refund should be made.
Monoprice was established in 2002. The founders were Seok Hong and Jong Lee. In March of 2013, Klipsch (an American loud speaker company) sued Monoprice for patent infringement. The specific product in contest is no longer available. In July of 2013, Monoprice started selling guitars. But on August 22, 2013, Monoprice was acquired by Blucora for $180 million. On January 23, 2014, Monoprice offered new audio products such as stage lighting, speakers, guitars, bass guitars and other products.
You should know that apart from the new audio products, Monoprice also offers different products to satisfy all consumers regardless of the age. If you reach the company’s webpage, you will notice that their products are categorized. This is to make your search easier and faster. The categories include Android & Mobile, Apple, Audio, Cables, Camera & Video, Computer Accessories, Gaming, Home & Office, Home Theatre, Ink/Toner/3D, Networking, Pro Audio Series, Security and TV Wall Mount Brackets.