So, brands and retailers over price their products and then send you coupons and discount codes to make you feel that you are getting a good deal. Brilliant.
Not necessarily. Products are cheaper to make in larger quantities. If they sell 1,000 items each will cost a lot more (and in turn priced a lot more) than if they can sell 100,000. In some extreme cases, companies go out of business for not being able to sell enough of their products, and that's a loss to consumers too with fewer choices. Coupon is just part of the marketing costs. In China, there is now a business model of group purchase where a group of consumers buy a product together through an online website, which then issue the large quantity order to manufacturer directly. It might be the least amount of marketing costs you can pay, i.e. just the commission to that group purchase web site.
The model of what are you saying only works for those brands doesn't have other channels, which means the item you put on deal sites, will be on the single website otherwise you need to maintain the same price if you do have several channels.
I found the best way to save money is just avoiding all advertisements and coupons in general. This way I only buy stuff I actually need. And if I need something, I will research it a bit and find the best deal. My spending was more than cut in half after I just started to ignore all ads and deals. It's also nice to not have a huge pile of stuff laying around the house, less stuff to worry about.
minimalist in the wild lol The truth though. You aren't saving money, you're spending money. You justify it by rationalizing that you saved xx dollars when in reality you just spent xx. This is no different than window shopping and seeing an item listed for xx off.
Well said! They have gotten even clever - the know what you want. All you have to do is think it and then you start to get personalized ads. It is harder and harder now to ignore
That's the point of those apps though? There's so many coupons that its most likely have coupons for something you search at the time you need to buy something. If I need a pan, can't I just search for kitchen tools coupon?? Maybe old school coupon mentality is like what you said, but the argument of "Im buying something when I needed it, that's why I don't need coupon" is honestly doesn't make any sense, because there's always a coupon you need with just a little bit of research.
@@adebs7723 Ces services cherchent des rabais / code de coupons pour vous, sur des centaines ou des milliers de sites à la fois. Quand vous utilisez un de ces code via leur application, ils se prennent une commission sur le montant de la vente qu'ils ont contribué à faire faire au site en ligne. Vous gagnez car ça vous coûte moins cher, eux gagnent une commission et le site de vente en ligne gagne une vente.
There was a time when I would check multiple sites to try and find a coupon code, and very rarely did any of them work. I came to realize that my time was worth more than the time it took to potentially save a small percentage.
I don't think they mentioned it in the video, but the entire premise of coupons is differential pricing. It's generally not worth it for busy, gainfully-employed adults to use coupons. The coupon system is a way to charge middle class vs. poor people different amounts of money, with "busy/employed" and "unemployed/retired and having enough free time on your hands to do this crap" as rough proxies for economic class. And of course wealthy people don't even shop at these places, and if they do, they might not even be checking prices.
@@TheRealE.B. I used to be the person who would spend lots of time trying to maximize every penny of savings. By "not worth the time" for me was that it seemed like every time I tried using site after site, almost none of the coupon codes would work for me. It's not that I didn't want to save or wasn't willing to put in the effort.
@@matthewwynne939 I never tried that hard, but my experience has been similar. I wasn't disagreeing with you, by the way. I was just offering an explanation for your (in my experience, correct) observations.
It's all a bunch of b******* by the time you try to use the code it's done already expired it was just designed to get you to come to their website it's all a scam and there's one website you should avoid at all time the one that says free Coke or some s*** like that and then I try to see if I can get it so they never sent out anything free bunch of f****** scams man just to get you on a mailing list so they can sell it
Only moment I look for coupons is when I already decided - after extensive research - which exact item to buy, after having checked for the best price for such an item, and if the retailer has a "coupon" field in the payment page. Shopping for something starting from the coupons would only lead to a higher total expense, not savings.
@@HT-pl8du That's exactly what I'm saying! If you want something to buy buy it there no need for extensive research! That leads to exhaustion! The hunting for low prices and coupons I mean!
This seems like they are fueling shopping addictions and saying that's great business model. And the old adage "if it's free, you're the product" applies here.
I've always been a minimalist at heart and coupons have always been a slick way to get people to spend more money. Want a pair of shoes but it's not really something you need? Well, a digital coupon will bring that incentive that drives you to spending money those pair of 80 dollar shoes that very day or within a week even if its a paltry 10 or 15 percent off. Food coupons are often for the most processed unhealthiest food ever so those aren't only a waste of money but sending your family to the doctors office more often for health problems. If people really need to save money on groceries, you can do your own budgeting and do some meal prepping on Sunday or your day off which saves tons of money.
I have stopped using coupons for the same reason. Owning another pair of cheap shoes is not something I am looking for. Over the time my cost of living has actually reduced to 50% of what I earn. Quality over quantity.
I also suspect that coupon codes are much more common for sites/items that are overpriced in the first place, so it might just be a case of "Kohl's Pricing" exploding all over the Internet. Coupon codes never seem to work for me, so I'm skeptical that there are much savings to be had for the responsible consumer. Wasn't that one lady in the video excited that she got a "$300 pot" for $20 or something? Besides, some of these retail sites are probably already doing differential pricing by showing you different prices based on how much money they think you make. Your coupon price could theoretically still be more than someone else's regular price. EDIT: Also, I uninstalled the Target app from my phone even though I shop at Target a lot because I'm not a homeless person, and it's not worth my time to spend 5 minutes faffing about in their app and feeding them data so I can save a meager 15 cents on my purchase.
meal prepping does NOT reduce your grocery bill unless you already eat out a lot. meal prepping is also glorified leftovers - something not everyone enjoys and not the answer to everything. Who wants to eat the same meals everyday? if not, who wants to spend their 1 of 2 days off cooking multiple different meals which, by the end of the week, are dry & nasty? Also, who knows what they want to eat everyday? some days I just want some comfort food, i can't predict that the Sunday before, will be miserable and wont enjoy my 3 day old meal. Also, coupons being for "unhealthy" foods are for a reason - because those types of foods come from for profit businesses that produce and distribute items VERY differently. Fresh produce, meat, dairy, normally come from local farmers and have a different type of "contract" as a supplier than an international brand such as Quaker, General Mills, ect. I see coupons all the time for greenwashed products that claim to be healthy (i.e the organic aisle, organic doesn't = healthy but many people assume that). Idk about where you live but here in Ontario, most grocery stores have a rack with discounted produce with items that are close to expiring/going bad. A big issue is actually food waste from people who take best before, expiry dates WAY TOO seriously. I've had a customer at a previous job of mine complain the bags of chips we had out were expired by a WEEK. ONE WEEK. CHIPS. To add to this: this year alone groceries have increased in price. Someone on reddit did a personal experiment purchasing the SAME items over a period of a year, and his bill increased by about 30%. Groceries can NOT increase in price without wages matching inflation, PERIOD!
@@orangeradishneo Meal prepping makes it easier to use all food before it goes bad. So it can definitely save you money. It would make it easier for you to buy ingredients that are about to go bad at a discount and use them for a longer time (since you have cooked with it and frozen it, it will in many cases last longer). Foodprices can increase faster than salaries, it just did. Although it's not good that it does.
Even if that lady at 0:16 got a 8% cashback via Rakuten, she would have spent almost $110k. There is a difference between being an amazing couponer and having A LOT OF MONEY to spend.
When she said she works in the funeral industry I went "uh huh." because it's such an exploitative industry. Rush out a crappy product then charge to insurance. Shark their desperation.
@@jolp9799 that’s a lot of work. People trying to save a few dollars wind up spending so much time and energy. I guess they don’t value their time and energy much.
@@TheMasterhomaster exactly. Poor people are poor because of the way of thinking, and the decisions they made about their money and use and value of their time, not because they don't have money.
*I save money the old fashioned way: Keep my cars forever. Keep my clothes forever. Don't hang out with people who need to spend money to have a good time. Don't walk into stores unless necessary. At the end of the day I'm happy with money to spend on good food & drinks..while friends who drive nice cars, wear nice clothes, and live in nice houses are always broke, overworked, stressed, and not enjoying life.* 😉
You can't keep your car forever unless you use magick. Clothes definitely doesn't last forever, it will be full of holes or it will shrink because of soap.
@@Greatmount The fact that they still managed to have a bigger market share than company's that have been in the online market/shopping industry longer is still impressive
Honey absolutely datamines and sells that information. Their business model would not work if they did not. We will be reading about how badly these companies have abused local idiot's trust within 5 years.
Yeah I was like "Weren't they legally charged for datamining?" CNBC is usually pretty good but they also let blatant propaganda like that slip uncontested.
this why your local small town shops are going out of business. online shopping is killing small towns left and right. that is why i like shopping in the store, it keeps people employed. plus with online shopping it more wasteful with more packaging to fill up the landfill. plus more delivery trucks means more pollution.
Right! I spent about 30k on furniture to get $1700 cash back from ebates. It isn’t a deal at all. Just makes you feel comfortable buying more expensive stuff.
@@Sensoredcensored tbh at that point it's on you. if you just use these websites to purchase items you're ALREADY going to purchase, then there's no issue. did you need that furniture? i assume. would it cost you $30k if you purchased it without using eBates? if so, then you benefited from using it. did you spend 30k because of eBates? like, did you have a lower budget and were aiming for furniture that would have totaled much less, if it weren't for the draw of eBates? Did you shop around, or just buy from the first website you found? sorry but we're responsible for our own actions. yes, marketing can influence your decision making, but you're still in control - it's not like a drug where you're mentally incapable of being able to stop because of being impaired. I think i have maybe $60 lifetime cashback? most of the time i forget to use it because i'm shopping for stuff I need (and with stuff i want, i contemplate purchasing for quite a while lol) or used honey for a coupon code.
I hear this fundemental, perhaps minute, misconception from most of these 'coupon' shoppers; claiming how they 'made' so much. No. They did not make any money. They may have saved money, but they did not make it. Most people probably don't sweat that distinction, but there are others with addictive personalities that can fuel their shopping fix.
I'm still using stuff I have had since 2012 and get only groceries just make me feel Happy and Healthy. Over spending just make humanity depressing anywhere worldwide. Nobody need to over crowd their space staying force on getting better at been healthy for 2021.
I agree, I choose to live the same way. The way the world is spending and buying and consuming is not sustainable. I am worried for our children’s future, physically and for their minds.
These businesses artificially increase the prices of products as businesses adjust to this new business model you’re better off supporting your local stores
Even with artificially increased prices, businesses will always be cheaper than local stores because of economics of scale. Unfortunately I'm a consumer. I don't care where I get my products as long as they're cheaper
@@jeromeorji1057 Nope. It's not. The price was just inflated first to afford the cupon or it's something that was gathering dust at the back of a werehouse for the last 5 years cause nobody wanted it XD
Success isn't just about what you accomplish in your life; it's about what you inspire others to do there are no secrets to success. It is the result of preparation, hard work, and learning from failure.
@CRYPTOCURRENCY BEAST But you know when talking about becoming a trader, it makes sense to follow this same principle in forex and OFT market. The lesson is clear. A trader does not have to make lot of trades to be successful, And with the help of a professional trader this can be achieved
@HAMZA MOHAMMED If you know nothing about cryptocurrency and you want to get into it, don't rely on RU-vid videos alone to teach you how to trade or earn.
Coupon will always make you spend more than you need. My strategy is to find a deal that I needed the most for long term and I have to bear in mind when to use coupon before expire date
People who mindlessly buy random things are dependent on these coupon sites. As for normal consumers, we do our own price research on things we ACTUALLY want
Unspoken is the basic premise that coupons are usually just a way to enforce differential pricing by having a secret, lower price that can only be accessed by poor customers who are likely unemployed/retired and have extra time on their hands to jump through hoops to save a bit of money. If you use a lot of coupons, you are likely either poor or literally wasting your valuable time chasing meager savings. Some coupons have other purposes, like encouraging brand loyalty, but the ones you have to go out of your way to "find"...?
Yea, seeing this video makes me wonder how many buy just to have and shop so much become hoarding of stuff they really dont need cause it was cheaper with coupon lol. i seen videos of peeps buy so much and still got tag cause addiction over time.
Regular price is $100 but Im gonna sell it for $110 and give them $10 cupons... come on humans use your brain. Nothing is free or discounted, thats the real price after cupons
I only use Honey to see price drop History on items on Amazon which helps me see if I'm buying the item at a good price. Other than that, I've never been able to actually save on discounts by using honey at checkout.
I prefer online coupons mainly bc I am so sick and tired of being sent crap in the mail soooooo much wasted paper it just goes straight to the trash and it is almost impossible to stop crap mail coupons from being sent to me in the mail. I really want junk mail to be banned it is just killing trees and wasting paper. As far as coupons go I don't use them much bc buying off brand is typically cheaper and if I am looking to save money that is still my preferred method.
You know Newspaper companies who do a Sunday papers aren't happy about this lol. I know a lot of people who only buy Sunday papers just for the coupons lol.
I'd like to see a story about these new services that allow you to split the price for your items into four payments. I used one of them for some expensive running shoes that are a brand I'd been buying anyway and to pay for a career-change workshop offered through my grad school's alumni association, but again I'd already decided to buy those things beforehand. However, one of the services now emails me at least once a week with "Must-have" expensive clothing, accessories and cosmetics "deals." I think this sort of thing is OK a couple of times a year, like to buy yourself or someone else a really nice, meaningful gift that you otherwise couldn't afford all at once. But their goal, of course, is to get people into the habit of buying overpriced, high-status brand name merchandise they otherwise wouldn't because now it's perceived as "affordable."
ive had Honey in the UK for nearly a year and truthfully it doesnt really work that well. but hoping it will catch up with America bc it has the potential
I watch several videos how people are so encouraged to use coupons but in Indonesia, it's like you actually get a little compare to the effort. for example, a restaurant may accept a coupon for a certain purchase of product that is a higher price than other items there. like we forced to buy that type of food, at certain price just to get a little reduction of price. or worse, here some water parks sell a catalogue of rides. take an example, a catalogue that costs 20 USD offers 50 rides, which equal to 40USD but we barely enjoy the rides because the coupons have ED and we don't go there that often. We end up uses 10-20% of the coupons that worth less than what we paid without noticing the fact.
Yeah, the big companies want regulations because it will stifle competition. Right now the coupon industry is going great, but if you introduce more regulations, it will lower competition and ultimately force people to have fewer choices
You create the plug-in that tracks consumer behaivor all over the web and tell that you make money mainly from commission of few partners. It's obvious that the valuable data you collect is the true asset. "If somethings free, you are the product", "data is the new oil".
So basically the shops raise the prices, some people profit from it (people who heavily use these cashback apps) while 90% of the customers do not (they pay a lot more in the long run).
I mean if its something you had to buy anyway then its good. Free cash . Just pay it all off before it accumulates interest. Sadly most people can’t do that
Back up and look at the reality of the situation: People are willingly consuming advertising so that they can spend more money. You can save a lot more than a few % by just not buying that thing you don't need in the first place. My mother has spent *thousands* on crappy Groupons which she then justifies buying.
I wanted to know which ones generate the most money for us, not them. We've transferred a bit of cash to our Paypal account from BeFrugal and RetailMeNot but nothing from Honey or Slickdeals. Now that's from the cashback feature since while they all seem to cycle through the codes looking for discounts...they rarely ever find one.
Coupons are rare in Europe. Here you get a loyalty card and most deals are automatic. Sometimes there are coupons that you need to activate to use via the app.
I often wonder if the price of items are slightly inflated because of digital coupons. I use honey bee (I think that's the name of it or honey) and capital one.
Why is there no mention of the blog sites that generated the interest for the products sold in the first place? These folks are doing all the homework and the coupon sites swoop in at the last moment and steal the commission earned by the blogger. What happens when there is no place to go for insights into the usage and real-life usage of the products being sold. The goose that lays the golden egg is being consumed by Rakuten and Honey and all the like. Coupons are important. But the commissions should at least be shared. The coupon sites didn't make the opportunity on their own. Share it.
tried pretty much all of these coupon browser addons, pretty much never works and even some times puts in a coupon thats worse than whats being already offered directly in the store.
Small percentage my butt. I own apparel manufacturing and Ecommerce company, we have to give 20 to 40% commission to this company for getting sales. Now think how can we give real coupon discount. I am trying to sharing my coupon via my own but it didn't work. Which mean real discount will never reach to customers. This is big bubble.
All corporations charge 1000x Mark up. The bigger their manufacturing order of the product the more the cost drops. A product could cost $0.05 each, they charge $4.99 to us. And you're hunting for a coupon...
I have been using computers since the early 1980s, and I have learned as soon as the Internet was a thing to avoid signing up for things. I am not going to sign up to get a $10 coupon and then get 20 spam emails a day from them.
Relevant coupons will come into our phone as alerts (or contained in a coupons app within our phone) when the network (t-mobile, att, etc) data and the algorithms knows the inventory of items we have, else we will be offered something we already have. We will buy the same items many times by not having discipline. #selecttherightupgrade
In the Sino-British joint statement in Hong Kong, the CCP said that it was an outdated contract that wastes paper. Hong Kong has become an ordinary city in China, so Hong Kong dollar foreign exchange has also been completely controlled. The Sino-US Joint Communiqué must also become waste paper. If the United States does not wake up and thinks about interests, it will cause the entire United States to collapse because of interests. See what happened to Jack Ma? Can American businessmen escape? Can the American media businessmen who make money with the CCP finally escape?
they actually buy 1.7 x more than normal people. I know people like that, they are never satisfied with what they have and the market encourage their addiction.
So they take $1 item. Make retail price $1.5 with discount to $1.2 and people are happy they got discount. And the same item in China cost 10 cents. If you want real discount buy used items because it cost only a fraction of the new item and it helps to save resources and environment. For example I bought used two years old Samsung phone which cost $1000 new and I bought it for only $150. And its still a great phone.
I signed up for Honey one time in 2017 after hearing their ad slot on Pod Save America. Since then, I have been shopping on my desktop so I can maybe get a coupon code and/or earn some Honey Gold points. As of now, I have over 4000 points. I guess buying an iPhone 12 last December was a better deal than I realized!
If a coupon makes you buy something, then you are wasting money. If you needed something and a coupon happens to exist, then you legit saved some cash. End of story.
Matthew 11:28-30 King James Version 28 Come unto me, all ye that labour and are heavy laden, and I will give you rest. 29 Take my yoke upon you, and learn of me; for I am meek and lowly in heart: and ye shall find rest unto your souls. 30 For my yoke is easy, and my burden is light.
A.I. 'personalization' just means they have better odds at hooking you in with a bait. Also, the algorithms are flawed at best. You may no longer be interested in certain category of items once you've acquired it. But the algorithm thinks you'll be buying lawn mawrs foerever. 🤣 Once I was searching for low, low priced used cars for my kid. Now, I get ads in Spanish! I don't speak spanish. I never typed anything in spanish. Go figure.
🤣 Jajajajajaja A.I is just code written and optimized by humans. So these biases are bound to be en-coded into the A.I model too in one way or another. Either from inception or through it's training. Interesting observation though. 🤣
Saving over $8000 a year on spending means she spent way more then that amount. That's a lot of junk buying for a family. She needs some financial education.
