There’s no denying it: Amazon is a behemoth of business these days.
With its online market place, streaming service, facial recognition technology, contactless supermarkets and more, it sometimes feels like Amazon’s taking over the world!
It’s also incredibly popular.
300 million people around the world shop on Amazon. And, according to the same source, they help generate over $280 billion of revenue for the company every year.
Avid online shoppers will be pleased to discover that there’s all manner of ways to save money on Amazon too. With a few tips and tricks up your sleeve, you can purchase the products you want/need for a fraction of the price.
Read on for 7 key tips on saving money on Amazon online shopping.
1. Leverage the Outlet Stores
Outlet stores are a godsend for anybody looking for brand names on a budget.
These places stock quality goods that, for one reason or another, didn’t sell fast enough last season. You can find everything you need from big-name brands at absolute bargain prices.
And, guess what! Amazon has its very own set of outlets for you to enjoy.
That’s right, you can get your hands on their usual set of products (aka everything under the sun) at reduced price-points. It’s well worth checking out if you’re looking to cut back on your Amazon expenditure.
2. Leverage Being a Student
Alas, we aren’t all students.
Which means this tip won’t help everybody out there save money on Amazon. But for those who are currently studying, Amazon’s got your back.
The company knows and understands the financial struggles associated with being a student. You might be living life on a shoe-string. Everything from covering rent and food to essential textbooks can be hard work.
Throw in the extortionate cost of tuition and money can be a significant issue.
Recognizing that, Amazon offers numerous sources of support. For instance, did you know that you’re eligible for a free 6-month membership to Amazon Prime? That means free shipping and swift delivery for anything you need to buy.
Then, when those 6 months end, you can continue with Prime at 50% off.
3. Leverage Wholesale Offers
Think about it:
Per-unit prices for individual goods are always higher than when you buy in bulk. Purchase wholesale goods and you inevitably spend more upfront. But the per-unit price works out far cheaper.
For example, that enormous box of washing powder you bought from Walmart might have been super expensive. However, you won’t need to buy any more for months! You save yourself money in the long run.
You can do the same on Amazon.
Many sellers on Amazon offer bulk-buy opportunities. You might be able to purchase a single item for $20, but two of the same for $35. Take advantage of these discounts and you’ll walk away with considerably more money in your pocket over time.
4. Leverage Coupons and Rebates
Yes, online rebates and coupons are another top source of savings on your Amazon shopping.
For every shopper there’s a seller, right?
And, of course, it’s in the sellers’ interest to flog as many of their products as possible. The more they sell, the more successful they become.
That’s why anybody in business will try to incentivize spending however they can.
A common tactic used for that purpose? Rebates and coupons. Or, in other words, discounts and promotions on the products you want to purchase.
Amazon sellers provide all manner of these deals to drive sales. It’s up to you to find them!
5. Leverage Time
Some people are cash-rich and time-poor.
They want their products in a hurry and don’t care how much they spend to get them. Amazon is great for these individuals! You can one-click buy and (sometimes) have items delivered the very same day.
But it’s also more expensive.
And, alas, not everybody has the luxury of superfluous cash. They might, however, have more time and patience at their disposal. Is that the case for you?
Well, anybody looking to save on Amazon should think hard about skipping express delivery. Select the standard shipping and wait a little longer for the products to arrive. If you shop online a lot, then you can expect serious savings this way.
6. Leverage Credit Card Points
Got a credit card?
Then you should work hard to accrue the points they provide! Use those cards to make purchases and there’s often a rewards program that lets you do exactly that.
It’s magic. As you know already, those points are redeemable in nature. Get enough of them and you can enjoy enormous savings on all manner of products/services.
Amazon, for example, will let you apply your points at checkout. You can apply as many of them as you wish and slash prices in the process. Be sure to leverage any rewards program provided by your credit card company.
They provide one of the easiest ways to save cash on Amazon.
7. Leverage Comparison Sites
Price comparison sites are your ally in the hunt for Amazon savings.
Heck, they come in handy for all online shopping! If you’re an Amazon aficionado, though, then you should definitely check them out.
It’s worth knowing that the prices on Amazon aren’t fixed. They go up and down for a host of reasons, such as varying demand throughout the year.
The challenge is getting in when the price drops.
It’s unfeasible to monitor Amazon 24/7 just in case it happens. Unless that is, you employ a price comparison site to do it for you! That’s exactly what they’ve been set up to do.
Amazon price-trackers will keep a tab on things. They’ll then send through an alert when the product you want drops to the price you’re willing to pay. Voila, you save money!
Time to Save Money on Amazon
Looking to save money on Amazon?
We hope that the tips in this post will help! Keep them in mind and you’ll be reducing your Amazon expenses in no time.
Want to read more posts like this one? Check out similar articles in the ‘Money’ section of the site now.