We now know there is a science behind booking airfare, 52 days prior to departure to be exact, this is said to get you the best deal. But can one apply this sort of science to shopping online? Well, sort of, although there is no study to back it experts say that you can save a great deal of money when following a few simple tips. In short, when and where you choose to shop online can make a huge difference.
Know when to Buy
Purchasing your desired product on a specific day can save you hundreds.
For example, Monday’s tend to be best for electronics, in fact experts say that the price of a television, camera, or computer can spike by $150 towards the end of the week. Whereas major appliances have the deepest discounts on Sundays and you’ll get the best jewelryprices on Wednesday. Apparel sales fluctuate but many retailers send out a special promotion on Tuesdays and big sales tend to start on Thursday and go through the weekend.
Always buy early for others and buy during peak sale times for yourself. By purchasing for others early you will get the best selection, avoid hefty shipping costs, and have your choice in retailers.
Buy after the Holiday’s
If feasible, purchase your items after the Holiday has passed, you’ll be sure to get the most bang for your buck, retailers will slash prices. In fact, retailers offer some of their lowest prices all year on December 26th.
Search for Promo Codes
Always search for coupons, promo codes, or brand name promo codes before hitting that buy button. A simple search may yield even more savings. If you tend to be brand loyal or have specific retailers you shop frequently, join their mailing list to receive promotions or connect with them on social media.
By connecting with your top brands you’ll be first to know about additional savings offered, which will give you a head start against other shoppers hoping to grab the same item. Retailers tend to reward customers who connect with them via social media or email promoting “insider” deals to their fans. If you want to be first to snag the best price this step is imperative.
Leave your items in the “Cart”
Are you an indecisive shopper? Know you want the item but really unsure if you want to pay that price. Play the abandoned shopping cart game, retailers will often provide deeper discounts to shoppers who are half-way to buying the product. Have you ever received a “Did you forget something?” email from that retailer? You’ll either pay the price marked when you put it in the cart or it will have been lowered. Nothing to lose with this game.
Experts say that the best rule of thumb to follow when shopping online is make sure the item is at least 20% off and you were planning on purchasing it anyway.