According to Appeal Democrat on Sunday, it appears that technology geeks could find best deals on electronics that undercut the competition from between 30 to 70 percent. Monoprice gives significant price cuts in comparison to the big box retail competition.
With a lot of stores closing its doors, it's no wonder that Monoprice tends to overshadow the competition. The sizable, 173,000 square-foot distribution center and headquarters exists in Rancho Cucamonga, Calif. and their method of success entails them seeking out factories directly to Asia that have the capability of manufacturing brick-and-mortar store quality electronic items.
If a customer were to do a price comparison between a retail outlet such as Radio Shack or Best Buy when buying a simple HDMI cable, one would find that Monoprice's cost of such a component to be around $3.61 where as with a retail store to be around $20. Upon comparison, a customer may see the latter as total sticker shock.
The online store originated in 2002 and has mostly spread by word of mouth between the tech saavy and this could even bode to be some competition to Amazon and even Tiger Direct mostly because it sells a limited amount of items that are self-tested. Other online stores tend to sell pretty much everything without any kind of quality assurance.
Most notable is the ability to produce a shipment in a rather efficient manner. For instance, if an order is placed, a box for the specific size item that's ordered is chosen and makes its way across the roller apparatus to the location of the physical item. That item is simply dropped into the box and put on a truck to be shipped off.
The company has brought on-board new categories such as electronic guitars and LED energy efficient bulbs as well. Also, Monoprice touts if someone within California places an order, it can be delivered the following day at a shipping price of $9.95. Smart phone cases that normally go for around $10 to $50 sell for around $4 at Monoprice.