Following my last week’s article on some of the savings strategies I used for buying groceries, I’ll be sharing another of our favorite savings tips when it comes to buying some of our furnitures & fittings and lifestyle products.
About a year ago, my wife chanced upon a website called IUIGA, an online platform portal that sells many of the home essentials furnitures & fittings and lifestyle products that some of us may need depending on our lifestyle.
Back then, we wanted to hunt for a good travel neck pillow since we were heading to Taiwan a few months later and so we bought it online at IUIGA which came at a very affordable $16. As we do not travel on long haul flights very often (at least not yet), we were not willing to spend as much on such product.
However, when the product was delivered to our home, we were surprised by its quality. The pillow had a luxurious feel that to me is just as good or better than the ones you get at Muji or Travel Explorer that usually retails for more than $30.
Until today, we are still using it whenever we travel overseas and it has made our travels much more bearable on the plane.
While browsing the website, we also found another product that catches our eye and that is the bean bag which only retails at about $130. Compared to retailers outside, this was a steal given the amount of utilization we’ve used over the past year.
The quality of the bean bag cover was also good that it doesn’t spoil even after we washed it a couple of times. The bean bag itself was also very comfortable when we sit on it.
We found it to be very comfortable especially when we are lying down watching our favorite television programme.
|This retails outside for a lot higher|
Apart from these things, they also sell other travel products which caught my attention such as the travel luggages, mother and baby products, kitchen essentials, beauty items and many more.
|I’ve been wanting to buy this new hand carry luggage|
As an investor myself, I’ve always been intrigued by how retailers try to price their product competitively in the market without compromising on quality.
Reading the IUIGA website gave me a clearer understanding of their business model as they obtain their products directly from Original Design Manufacturer (ODMs).
According to Wikipedia, an ODM is a company which designs and manufactures a product which is specified and eventually branded by another firm for sale. Such companies allow the brand firm to produce (either as supplement or solely) without having to engage in the organization or running of a factory.
These ODMs that IUIGA uses also manufacture for other renowed retailers like Samsonite, Muji and WMF to market their products at the mark-up they like.
Another thing I like about this online retailer is that they are very transparent about their pricing model, which states how much are their cost of goods and the margins they earn as compared to the other renowned retailers.
Given the prevalent competitive landscape of our retail players, I hope they will continue to thrive in this environment to provide consumers with great value for their purchases.
The next time you are looking for things to purchase or the upcoming Xmas present to exchange, you might want to try out IUIGA and sign up via my referral link here.
When you sign up, both of us will get a $10 (Min $100) off so it’s a win win situation.
You might just like it as much as we do.
Thanks for reading.
If you like our articles, you may follow our Facebook Page here.