Do coupon websites truly assist you in saving money?
To grasp this fully, it's necessary to first understand the business model of coupon websites. These websites are truly a platform that offers you an incentive to purchase from a particular website in the form of discounts/cash back. Accept the incentive if you believe it is sufficient to entice you to purchase and purchase more.
Assume you were about to purchase a mobile phone from a reputable ecommerce website and you had finalised everything, including the model colour, and you were confident that the price listed on the website was the best available. Additionally, if you discover that a particular coupon website offers you an additional incentive (discount/cash back), this is unquestionably beneficial to you.
Consider the following scenario: you're looking to purchase a mobile phone and all you know is the model you want. As you browse for the best deal, you come across a coupon website that redirects you to an ecommerce portal that offers you an incentive to purchase through them. However, it is debatable whether you will get the best deal. There may be ecommerce portals that sell the same product at a discounted price. As a result, you may or may not receive any benefit.
You were browsing and came across a website offering a discount on a mobile phone that you currently do not require but are tempted to purchase due to the discount/cashback. Again, whether you are getting the best deal is debatable; the mobile phone model may be being phased out due to the introduction of a new model, or it may be for any other reason. If you examine the three examples above, you'll notice that the first case provides the greatest benefit, while the other two are purely promotional in nature.
Customers will claim to have saved money in each scenario, but only scenario 1 customers truly did.
What purpose do store coupons serve?
The truth is that stores do not offer coupons to help customers save money. Coupons are meant to encourage you to SPEND your money. Additionally, because many of us have linked our phones and email addresses to the stores where we shop, stores can monitor when we haven't visited in a while. To entice you to return, a store may send you a coupon or discount code.
Businesses want you to visit their stores, in person or online, in order to increase your spending. Even if the item is free, the store may be hoping that you will assist them in clearing out excess inventory and/or make additional purchases while shopping with a coupon.
Do not simply cut coupons
While coupons are still available in some stores, magazines, and newspapers, there are now many more options available online. CouponsABC & Askmeoffers are a few of our favourite coupon websites. Not only will you find coupons such as Oyo Coupons and Aliexpress promo codes, but also recipes, ideas, and money-saving tips. Coupons and promotions are also available on some manufacturer websites, so be sure to visit the websites of your favourite brands.
When a sale occurs, purchase in bulk
When you discover a coupon for a product you like and are able to combine it with a sale and/or double or triple coupon days (more on that later), you can save even more by purchasing as many units as possible. Bear in mind that many coupons have a maximum purchase amount — and avoid purchasing perishable items if you are not going to use them. The couponers who save the most money simply avoid purchasing items that are not on sale. They wait for a better deal and then purchase in bulk.
Avoid becoming too enamoured with a single product brand
While you may have a favourite brand of toothpaste, the majority of them perform similarly when it comes to cleaning your teeth and freshening your breath. Similarly, many other hygiene and household cleaning products are on sale, so experiment with a new brand if you have a coupon. You may even prefer it to the one you're currently using. (It's also worth experimenting with generic brands, which are frequently just as good as the name brand but are less expensive.)
Recognize the retailer's coupon policies
Because many store employees and even managers are unfamiliar with their coupon policies, having a copy on hand in case you are denied a specific discount can be beneficial. (Most chains have their policies available online, eliminating the need to carry a stack of paper in your pockets.) You can check the policy's details on your smartphone.)
Coupons from local businesses can be added to the mix for additional savings
Certain retailers offer a fixed percentage off total purchases exceeding a certain dollar amount. For instance, $5 off any purchase of $50 or more — an excellent deal if you've already made the decision to buy in bulk.
Experiment with extremes
Extreme couponing does exist, and while it does require a substantial amount of upfront effort, the savings can be quite substantial. The strategy entails applying each of the suggestions above to each purchase. This can be overwhelming for beginners, so begin with a few simple tricks at a single store before expanding your couponing repertoire.
Create a group for coupon sharing/swapping
Coupon swapping with friends and family is one way to make it easier to locate needed coupons. Do you have any coupons for items you don't want or need? Perhaps they would be of interest to your neighbour. The old-fashioned method of saving is simpler and even a little more enjoyable if everyone collects coupons wherever they find them and shares them with others.
