ST. PETERSBURG, FL--(Marketwire - Aug 13, 2012) - LivingSocial and Groupon changed the face of online shopping with their daily deal business model. By offering one heavily discounted product or service per day, these companies instilled a sense of adventure and surprise into the Internet-based retail industry. But their most recent business decisions have shed light on the importance of a stable, reliable online shopping community. LivingSocial has followed the lead of Groupon by opening LivingSocial Shop, an online retail outlet that offers a more traditional shopping experience. Moneyonthego.net believes this shows just how much value that consumers place on standard ecommerce practices.
According to The Huffington Post, LivingSocial Shop will offer discounted items, in line with the LivingSocial business model, but will do so one collection at a time. Rather than a new deal each day, these collections will run for a week and offer shoppers the ability to take their time when deciding whether or not to purchase the products that are available.
Comparison shopping is a key component of successful online retail practices, and allowing shoppers this ability encourages them to continue shopping. Like purchases in brick and mortar retailers, online shopping purchases are not an event -- they are a process. Consumers go through comparisons of products and prices before deciding which item in which to invest.
Because the products offered by LivingSocial Shop will turn over each week, the organization is maintaining its identity as a flash sales company; however, it is paying attention to consumer needs and adapting its business model to meet them.
Moneyonthego.net, an online, member-based shopping community, believes that such attention to consumer needs and ecommerce best practices are integral to successful business.
"Consumers have shown, through their behavior, that they appreciate the standard ecommerce model," Greg Biewlaski, spokesperson for Moneyonthego.net, states. "Online shoppers like the opportunity to compare costs and items before making their purchase. The fact that LivingSocial and Groupon have recognized this, and are embracing it, further highlights its importance."
Biewlaski asserts that paying attention to consumer needs is vital to running any retail endeavor, be it online or a traditional brick and mortar location. He turns to Moneyonthego.net to provide an example of how doing so can improve business. With reward programs, a large inventory, and a highly diverse catalogue, Moneyonthego.net provides the online shopping experience its members want.
Moneyonthego.net is an online member-based retail organization that offers a catalogue of over 80,000 items in its virtual members only Rewards Mall. Moneyonthego.net provides its members with a $2,500 shopping credit good exclusively towards products in the Rewards Mall. Additionally, members receive a Prepaid MasterCard that earns a Reward Point for each dollar that consumers load onto it. These Reward Points can be redeemed for products in the Rewards Mall at a maximum of 1,000 Reward Points per month.
For more information about Moneyonthego.net, as well as details regarding membership and the items in the Rewards Mall, visit www.moneyonthego.net.