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06 Feb 2024
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Tan Kin Lian - Perspectives
Comparison of online prices in Singapore and Malaysia
From my research, I found that the Wooask W12 is a good translation device. It is affordable, and cost 5 times lower than the high end devices.
Here are the prices quoted online.
Retailer 1 (Lazada MY) RM 657 (S$187)
Retailer 2 (Lazada MY) RM 442 (S$126)
Retailer 3 (Shopee, Sg) S$263
Retailer 4 (Amazon Sg) S$209
My guess is that retailer 1 sells at at the recommended selling price (RSP) and that retailer 2 offers a discount of 33% to clear the stocks, as the sales is poor. The supplier's margin was probably 40%.
The retailers in Singapore add a markup to the RSP to cover the higher operating cost in Singapore. Typically, prices in Singapore are expensive.
Tan Kin Lian
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