The automobile industry has always been in the spotlight but the spare parts sector is yet to gain prominence. With the rapidly increasing spare parts market, the focus is now shifting towards the potential of the aftermarket. Dealers providing services and parts can now earn 30% on average profits as spare parts contribute 11% of their revenues. Due to the limited customer lifetime value (CLTV), automotive parts have a growing demand. Then again, there always seems to be an inconsistency of the price of the product with its quality.
Although, there are several online as well as offline platforms where one can avail ready catalogs for spare parts but it becomes a pain going from site to site comparing prices. Boodmo.com has revolutionized the market of after purchase parts by accumulating and cataloging hundreds of dealers and their products under one roof.
You can avail replacement parts of different variations like suspensions, bearing, engines and car interior from hundreds of brands at one location. Searching for brands that represent quality can be confusing. An expensive price tag may not always guarantee better caliber of the same product. Let’s put aside such confusing errors with the following discussion.
How Does Digitization Of The Spare Parts Market Help In Promoting It?
In order to understand why it is more beneficial to search for automotive parts online, it is important to identify its emergence. Boodmo.com has revolutionized the Indian spare parts market by digitizing it. This has the potential to make substantial improvements in this industry. It provides an opportunity for Original Equipment Manufacturers to bridge the gap and establish not only an effective business-to-business model but a business-to-consumer model as well.
Sometimes it is more lucrative to purchase parts from an OEM rather than genuine parts. Genuine parts are those which had been placed with the vehicle at the time of production along with the brand logo. The brand itself adds an extra value to the price of the product. As mentioned earlier, higher prices of a product don’t necessarily represent better quality. Sometimes it is more lucrative to buy OEM parts rather than genuine parts as they are not only cheaper but also ensure quality.
How to Order Spare Parts Online?
With the development of smarter and more interactive e-commerce websites buying something online can never be more convenient. In this scenario where you can practically buy anything and everything online purchasing automotive parts have become a pretty easy endeavor. In the light of the growing competition, these websites are rapidly becoming more specialized. At Boodmo.com you can search for spare parts according to their individual categories while also having access to technical information and price differences. The focus is primarily on making online platforms more user-friendly.
Other conveniences like product tracking, efficient return policies, quality assurance, bountiful discounts and VIN categorization are all included in the package. There are several advantages that are certainly more favorable while shopping for parts online. It allows its customers to avail the marketplace wherever and whenever they desire hence saving them plenty of time and money. Often the specific type of spares one is searching for may not always be found in local stores. Online there is unlimited access to thousands of variations from hundreds of brands.
How to get the Best Quality at the Best Price?
The choice between buying a genuine, OEM or aftermarket part can be very confusing at times. Their high price variations, brand trust and quality can influence the decision of the customers to a large extent. Presently, the onset of customers in the market has a gigantic list of options to choose from while buying spare parts. These options have high variation in prices and quality.
As mentioned earlier there is a lack of consistency in the price of the product with its quality. On most occasions, the brand logo of the company can increase the price whereas the same product is available at a cheaper cost with the same quality.
Boodmo.com has been launched with the objective of organizing the spare parts industry of India in the online sector. Their well-researched catalogs offer huge options of automobile parts at great prices. This can phenomenally improve an online shoppers experience in purchasing spare parts. Equipped with parts from brands like Maruti Suzuki, Tata, Hindustan Motors and Hyundai, Boodmo.com aims to be a one-stop solution for all of its customer’s needs.
Final Words on Purchasing Spare Parts at flexible prices
The ultimate objective of the online parts industry is to bridge the gap between all types of customers and create a value-added chain between businesses. The digitization of the auto parts industry has influenced the flow of revenue by a landslide. Over $90 million dollars have estimated to shift from the offline portal to the online portal.
Ultimately, the customer must also be well aware of the product they wish to buy and the price they wish to purchase it for. Vital information such as part specifications, accurate prices and seller credibility are also mentioned so as to assist buyers to make a well-informed decision while shopping.