Saving Money When Shopping Online

November 18, 2007 at 4:50 AM 1 comment

I never purchase anything online without performing the following list of activities:

First, I use comparison sites like Froogle and Price Grabber to find the cheapest online prices available. I type the top names from my search results into Ebates and Fatwallet. I’ve written about Ebates a lot in this blog, but it really is my favorite online rewards site. To date I’ve gotten back over $520 in cash. (By the way if you sign up right now via this link you’ll earn $10 after you make your first purchase.)

I compare the rewards between these sites because they provide different cash back incentives for the same store. For example, right now Ebates is offering a 6% reward for Petco, while FatWallet is offering 10%. If the two rewards are equal I always go with Ebates (it’s just a personal preference.) I also know that there are other referral sites out there, but I’m not a big fan of sharing personal information with smaller websites, so I tend to stick with one of these.

If the selected store isn’t in the list at either of these reward sites try UPromise. UPromise has a very large list of stores offering cash back rewards. This weekend I used UPromise to earn 2% back at LL Bean, which neither FatWallet or Ebates support.

With this information in hand I search the Internet for coupon and promotion codes. I usually check RetailMeNot first, but if I don’t find anything good I’ll do an old fashioned Google search to find a coupon. I make certain to check the price at the lowest store against other stores offering promotional discounts. For example, a store may carry an item at a higher price but provide free shipping. Shipping alone, even on a small item is usually in the range of $6 – $8. So when comparing items don’t forget to take shipping and other discounts into consideration.

Just for comparison I often search for used items on eBay as well. But beware, eBay is rarely the cheapest alternative. If fact, I can’t tell you how many times I’ve seen individuals pay more than retail for an item.

When I find the store with the lowest price I log into Ebates, search for the given store, enter my promotion code, (if I have one), and finalize my purchase.

I realize this seems like it must take forever, but actually I can usually do all of this comparison shopping in less than 10 minutes. In fact, I won’t search for longer than 10 minutes to find the best deal. After all, I don’t want to waste an hour of my time to save myself $1.

Lastly, it never hurts to comparison shop in brick and mortar retail stores. The other day I was shopping for a doll for my niece. In the store the item cost $19.99. Online the cheapest price was $29.99. When I calculated the shipping the item cost over $35. I would’ve kicked myself if I overpaid this much for an item.

Entry filed under: save money, shopping. Tags: .

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1 Comment Add your own

  • 1. practicalfocus  |  November 23, 2007 at 8:24 PM

    I find the web site http://www.buyvenue.com to be a great help when I want to shop online and find best products at best prices.

    The site points to the most competitive price comparison sites and retailers, helpful product reviews, pre-owned merchandise, discounts and freebies, with lots of direct links to practical time and money saving consumer information and advice.

    You’re sure to find some valuable information. It’s worth a look!

    Reply

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