While shopping online can be fun and convenient, it can also be a great way to save money on everything from clothing to electronics. However, it’s important to do your research because not all online shops are created equal. Price and product selection are important, but so are quality, customer service and shipping rates.

Below are just a few of my favorite places to look for discounts on the Web:

• StealDeals.net: A great site offering an excellent selection of deals on a daily basis. I’ve found great deals on MP3 players, home decor and office supplies thanks to this site. It can also be especially beneficial to look here if you’re shopping for a gift.
• Woot.com: As the site explains - one day, one deal. I’ve always found Woot to be sort of hit-or-miss; sometimes there’s something great, but you’ve got to really keep checking back each day in order to find the hidden gems. Shipping rates are around $5 or $6.
• Amazon.com Friday Sale: Amazon is one of my favorite online stores in terms of price, product selection, shipping costs and service. Don’t miss the weekly Friday sale, which frequently features great buys on everything from outdoor gear to baby clothes.
• Endless.com: Yeah, I’m addicted to shoes. Endless is an Amazon.com store that features a great selection of shoes for men, women and children. The “Sale” section of the site features many discounted shoes. The site also offer free overnight and return shipping.
• Buy.com: With its wide range of products and great weekly offers, Buy.com is quickly becoming one of my favorite places to shop. Over the past three months, I’ve purchased a 2GB MP3 player for a mere $20, a 4GB flash drive for $10 and ended up getting a 1GB MP3 player completely free thanks to a special discount. As an additional bonus, shipping is free on many items.

I’m sure there are plenty of great online stores that I haven’t had the opportunity to shop at yet. What are some of your favorite online sources for discount shopping? Feel free to share your finds in the comments section below!