How does CraftNShop keep its prices lower than the other e-commerce websites?

Ever wondered why the same item is expensive on one website and cheaper on another? There are several factors contributing to the price of an item.
*. The major one being the amount of commission that any e-commerce platform charges for selling a product on their website. It mostly ranges from 10-20%, but could be more or less also. Generally the more expensive electronic items have a lesser commission on them.
*. Membership fees - If a website is charging sellers to be on and use its platform, that would also add up to the cost of the merchandise as the seller would want to recover that cost also.
*. Shipping costs - There are some websites which have just a few shipping partners. So if a seller is selling their items on them, they have to ship using their services only, even if there are other cheaper options available. Websites having multiple shipping partners gives the seller the option to select the one that is cheapest, consequently bringing down the price of the item.
*. Competitive pricing rule - Some websites have this competitive pricing rule according to which a seller can’t price their item at an exceedingly low rate as compared to another similar item on their item. For e.g. Let’s say there is a seller wants to list a glass which lights up when pouring liquid into it at Rs.400, but another seller is selling a similar glass for Rs.800, then the website won’t allow the 1st seller to list their item at such a low price. They will ask them to bring the price closer to the Rs.800 mark and then list it.
*. Bargaining done with the seller themselves- Surprised to see this on the list? Yeah, contrary to the above point, there are some websites, like Craftnshop.com which are actually doing the old school style bargaining on your behalf with the sellers. They don’t ask sellers to increase their price, rather they ask them to reduce it. The sellers really have a nice margin when they list their products online, and they actually do have the space to bring the prices down. You will be surprised to see the price difference on these websites as compared to others. Just as an example see this: Marble clock on craftnshop.com - https://www.craftnshop.com/catalog/product/view/id/189072/s/marble-table-tile-clock-handmade-handicraft-for-home-decor-gift-item-1/category/13/ The same clock on another website - https://www.amazon.in/Marble-Table-Clock-Handmade-Handicraft/dp/B01N9NQ1BR/ref=sr_1_fkmrnull_1?keywords=MARBLE+TABLE+TILE+CLOCK+HANDMADE+HANDICRAFT+FOR+HOME+DECOR+GIFT+ITEM&qid=1557315161&s=gateway&sr=8-1-fkmrnull

S -1/124, A-3k, Lane Number 1, Surya Nagar colony, Gilat Bazar, Chotta Chuppepur, Varanasi, Uttar Pradesh 221002

Craftnshop also has the lowest commission rates, zero membership fees, multiple shipping partners and no competitive pricing rule. No wonder the items on their website is priced so drastically low as compared to other websites.

This release was published on openPR.