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Feb 04, 2019 14:45:33

Avoid paying full price for anything

by @brandonwilson PATRON | 380 words | 539πŸ”₯ | 539πŸ’Œ

Brandon Wilson

Current day streak: 539πŸ”₯
Total posts: 539πŸ’Œ
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The other day I was scrolling on either Facebook or Instagram and saw an ad for a sleep mask. Apparently the algorithms have figured out that I have a big interest in the topic of sleep. It just so happens I was coming off a particularly bad week on the road with a hotel room that was not conducive to good sleep. It turns out a sleep mask is something I need to add to my sleep routine on the road.

I clicked the link to view the company’s website. I was idle for a short time on the website when suddenly a pop-up appeared asking for my email address for a 10% off coupon. I promptly gave my address to get the coupon, purchased the mask and saved 10%, and then immediately unsubscribed from the email list. 

You should avoid paying the full price for anything especially anything you buy online. You can use tools like pricegrabber.com or camel camel camel to search for the lowest prices. You should also search for discount codes to apply to your purchases. 

Now, some would agree with me that time is more valuable than money. Perhaps for you saving a dollar isn’t worth the time it takes to search for deals or discount codes. That is a decision you need to make for yourself. 

Any time you buy the newest version of a product it will most likely cost the most. Consider whether you need to buy the brand new version of a product, which is especially true for electronics. As soon as the brand new versions are released, the previous versions are immediately discounted. In addition, Version 1.0 of a product usually has issues. Unless you are an early-adopter, perhaps it’s better for you to wait until all the bugs are worked out and you will save money by waiting.

Also consider the best times to buy certain items. You can always find deals for seasonal items at the end of the season, e.g., Christmas ornament sales after Christmas. 

Part of your shopping routine should include a way to buy things for less money. If you are paying full price for an item, consider whether that item is a must-have. Presumably you work hard for your money. Spend it wisely.

  • 1

    @brandonwilson What about the ethics of this? This may seem cool when buying something off a big corporation, but what about indie products? You are a 200wad patron, would you have still paid full price if given the chance of a 80% discount? What about small indie products like this one, where we are supporing the person behind it with our purchase?

    Miguel Piedrafita avatar Miguel Piedrafita | Feb 05, 2019 14:06:11
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      @m1guelpiedrafita You make a good point, Miguel. I became a patron to support Basile and 200WAD because of the value it brings to me in keeping up a daily writing habit. I didn't pay the fee to become a patron to use the special features; I did it purely for support. That said, most people are willing to pay a price that they deem to be worth the value of the offering. This argument shows up a lot in the "Buy American" and "Buy local" philosophies. I understand why we should support independent small businesses, but if they are offering the same exact experience at a price point higher than Walmart, then I don't feel the need to pay the extra money. Why pay several more dollars for the exact same hammer? Now, if the small business is providing more value such as a loyalty program or helpful staff who genuinely help me that is different. I was writing from the consumer standpoint, and perhaps I will eventually write about the other side from a maker standpoint.

      Brandon Wilson avatar Brandon Wilson | Feb 05, 2019 10:14:01
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    @brandonwilson - nice piece Brandon...
    Every little penny matters especially if you need it to go towards marketing of your product. ?

    The question is - how do you know what full price is? These strike through prices and other tricks are designed to make you feel like you are getting a deal - every time. How can you tell that you are getting a deal?

    Keni avatar Keni | Feb 05, 2019 01:07:18
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      @keni Thanks for reading! You are right there are a lot of tricks played with price. Infomercials present a classic example. "A $499 value that can be yours for only three payments of $99!" The $499 is a made up number. So you are correct it is key to figure out what the standard price is to know whether you are getting a deal. In some cases this may mean staking out the price for awhile to track it over time. The online tools are very helpful to give you lots of data. I have access to an online shopping portal with discounts on items. I saw a sheet set advertised as 50% off a retail price of $100. I was skeptical about whether the $100 retail price was a fake number used to make the discount look bigger. I went to the manufacturer's website and sure enough to buy that same sheet set it was indeed $100 so the deal was real. Also, Amazon isn't always the best price, but Amazon assumes you will just shop there for most things for the convenience factor. Another example is cars. I purchased my last car using Truecar.com. This is a great website that gives you information about the relative prices to give you an idea of whether the price for a car is higher or lower than what other people recently paid for that car.

      Brandon Wilson avatar Brandon Wilson | Feb 05, 2019 10:20:54
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