5 ways to super savings when shopping on the internet. Save at least
200 dollars for 1000 dollars of shopping that is 20% of the total money
spent. With common sense and little prudence you can save hundreds
of dollars on your holiday shopping bills. From my past experiences,
I have chosen the five best practices that will give you the maximum
savings. Peruse them, put them into action and email me your numbers
on savings.
Comparison Shopping: Gone are the days when there was no easy way
to compare the price of a product at different stores other than visiting
the stores. In this new era of cyber-shopping, there are numerous options
to compare the price of a product at different locations of the globe.
With very little effort, internet would find the best and right price,
at the right store for you to save big bucks.
A few days back, I was
shopping for a Mini DV camcorder in the price range of $500 to $700.
An ardent internet shopper, I researched on brands, their prices
and decided to buy a JVC
GRD200 Mini DV camcorder. It is (may be "it was")
my belief that Amazon.com delivers
the best products at the lowest prices (It does sell the best products,
but not at the cheapest prices at least in this case).
As always, I was poised to buy the product from Amazon. The comparison on the price of this product (via www.shopping.com) revealed that the product was sold as low as $299.00. With further research I understood that the price was indeed 299 US dollars. Delaying no more, I bought the camcorder from this seller instead of my first option to save only $400. As I look back, it still perplexes me how I saved $400 on a single buy.
Does it not surprise you when you cut down 400 dollars on a single item? Perhaps the most important thing I did was comparing the prices for this product on www.shopping.com. It paid!
Cognizant Shopping: As a customer, your goal is to buy the best product
at the cheapest price. Right? You agree with me that it is not an intelligent
idea to buy a product for 10 dollars when it is sold at 3 dollars less
at the near by store. Neither do you accord it a savvy-shopping, to
buy a product for 50 dollars when its price can be reduced by 10 dollars
via the special store discount/coupon for the product. Many of us do
not realize the power of coupons. They hold tremendous potential for
huge savings.
Depending on how you use them, a coupon for 10 dollars for every 50 dollars would save 40 dollars over a period of month, assuming shopping once a week. Extrapolating, it is a 200 dollars savings over a 1000 dollar shopping-money. A typical Christmas shopping would amount to these numbers easily.
Although the example seems to be ideal, it resonates the ideas of
retails stores like JC Penny or Sears, whose holiday-shopping-placards
read "$10 off for every $50 shopping JC Penny", "$35 off for every $250 spent on electronics Sears". Get into the habit of using the coupons whenever possible to appreciate the savings accumulating into your pockets.
Selective Shopping: Depending on which state you buy the product from
and which store you buy it from, you may or may not be charged a sales
tax. If the sale is exempted the sales tax, it is a savings of 6 percent
to 9 percent of total sale amount.
Each seller clearly indicates if a sales tax would be applied on the
sale in the geographical location. Thus, a little cautiousness would
translate to a savings as high as 9 percent. On the downside, you may
have to pay for the shipping for the product which in most cases would
compare less to the total of sales tax. And, by the way, due to the
immense competition among the internet-sellers, you may end up making
a bargain by not paying the taxes and not paying for the shipping either.
Free shipping, as it is called, is common on many internet sites these
days. For an item priced at $1000 you would save as much as $90 as
sales tax savings all you do is pick the right seller.
Early Shopping: Planning
on shopping near the beginning of the season will give you ample
time to compare the prices on the product at various sellers. During
this process, you will form a ballpark estimate of the item. Let me
remind you that the variation of the price can be any where from few
dollars to few hundreds of dollars depending on the original price
of the product, which makes it necessary for you to do this homework
as to know the kind-of best price before you finalize on buying the
product.
In addition, sellers usually hike the prices as the holiday
season approaches so that they can display higher discount-numbers
on their sale-advertisements. The higher discounts not only attract
more customers but also compensate and compete the prices for the
similar items at other stores. The fact is, even when you see greater
discounts, you would not realize tangible savings around the holiday
season unless you end up getting an early bird discount. I am somewhat
reluctant to say this is true all the times, but is the case in several
occasions.
Team Shopping: Like in a workplace, collaborative shopping
produces amazing results. You are not mandated to go to a shopping
mall as a team, but exchanging ideas and information as a team would
be advantageous. Talk to your friends about their experience buying
a similar item in the past. Gather information about the quality of
the product, prices at different stores, seller reputation, etc that
play a vital role on your buying-decision. Moreover, ask your friends
and relatives if they could share any discount coupons. If preferred
customer, they would share the coupons with you, which in turn would
give you the opportunity to cut down on the final price. Beware that
some sellers distribute non-transferable coupons in which cases you
need to be creative to maximize your savings.
So finally: These ideas
only scratch the surface of the iceberg. You can get innovative and
creative to find the best deals on the market. Websites like www.techbargains.com, www.ecoupons.com,
etc are some of the few sites that gather information about the greatest
deals of the day. Internet has many such great money-saving ideas.
Armed
with this information, I am sure you would be able to craft a good
plan which would save you many dollars each shopping trip. If you
are meticulous enough, you would save at least $200 for every $1000
dollars spent. I guarantee it. If you deny my proposition or have a
different opinion write to me and I will help you see the potential
of putting the above facts to work.
Prasad Kopanati is the Vice President
of XemanteX Inc. http://www.xemantex.com,
an internet company offering language related services.