Ron Smith is an avid frugal hacker and couponer who enjoys sharing his tips related smart shopping and money management.
According to Statista, an Internet statistics company, Americans spent over $289 billion online last year. That’s a lot of shopping. And while many people know the benefits of purchasing at retail websites and outlets like Amazon and eBay, not as many know about the great offerings at deal of the day sites. Typically, they feature discounts on services and products in specific areas, occasionally offering nationally available products as well. The discounts have a wide range, frequently exceeding 50%. Before you hop on and start spending, though, there are several things to be aware of. Read on to learn more.
1. You Can Save Lots of Money
Deal of the day websites present a great many opportunities to save on a wide range of products and services. Frequent deals include discounts on restaurants, entertainment, and hotel accommodations; plus ways to save on vacations, personal computer accessories, and even self-help professional courses.
2. You Have A Lot of Options
In order to maximize your savings, 8coupons collates deals from all major deal of the day websites. There’s Groupon, LivingSocial, Half Off Depot, and more. It won’t take long to filter through the deals that don’t apply to you, so sign up and take advantage of the ones in your wheelhouse.
3. You Can Find Local Gems
There are always plenty of new restaurants and entertainment venues opening up in your locale, but you may not be aware of them unless you sign up. I recently found an awesome Mexican restaurant in my area that I never would have known about without Groupon – and I’m now a regular patron. Don’t underestimate the power of these deals as marketing avenues for businesses and economic drivers for customers.
4. Additional Discounts Are Available
Some deal of the day websites offer even better discounts than first meet the eye, but they’re not always advertised heavily. Groupon recently featured an extra 20% off deals with an online coupon code sent out in an email. Make sure you keep your eyes peeled and take advantage of any such opportunities when they’re offered.
5. Use Them With Restraint
Just because you can save 70% on something doesn’t always mean you should. Make sure you’re willing and able to use a coupon before you purchase it. For some offers, you may need to read the fine print to be clear on any and all limitations, such as blackout dates, expiration, or minimum purchase amounts.
Vouchers for deal of the day websites usually have expiration dates. If you’re unable to redeem yours before time’s up, don’t worry. Although you’re likely to lose out on that particular deal, most of these sites ensure that you never lose your original investment. The amount you spent is returned to your account, and you can use it for a future deal. Adding deal of the day websites to your shopping strategy is a great way to save money, but only when you use them for things you truly need.
What are your thoughts on deal of the day websites?