The basic definition of a discount is a reduction in the basic price of goods or products. It refers to the reducing of the list price of a product for a variety of reasons. If you want to make the most of your online shopping experience every-time you shop online then you need to pay attention to this. The Reason For The Discount.
Wikipedia lists a number of reasons why a retailer would reduce the list price of a product including
a) To move out-of-date stock
b) To reward valuable customers
c) To encourage distribution use and promote new lines of products
d) Sales promotions that are regular
e) As incentives for action or engagement
These reasons normally not considered by most shoppers become important for the savvy shopper and you do not have to crack your skull about it. Its usually easy to tell the reason for a discount because normally the retailer will tell you why or you can deduce it from the terms of the discount. In this world of disclosure it is very easy to know why a price has been reduced and for how long and whether you qualify to take advantage of the discount. Our site makes it even more easier by taking out all this figuring out from the equation and setting the clusters of discounts together and making sure you qualify first before you buy.
The reason for the discount should influence whether you use it or not. For instance be aware that when a retailer is trying to get rid of out-of-date stock the price cut is usually higher and dynamic. This means it will continue to change with time and bleed out to the very lowest as long as the retailers quota of stock has not been met. If you come across a liquidation sale monitor it for a while see if that price keeps going down, check to compare with the same product elsewhere make sure its not a bogus liquidation sale (amazon.com is a good comparison tool nowadays).
If the reason for the discount is to reward valuable customers check for a couple things ..first are there conditions for you to receive the discount there usually is in this case it might be membership or signing up for newsletter etc. …secondly check to see if the retailer is a relatively new retailer if they are then this might be a good discount to get new loyal customer in the door these discounts are usually very good.
If the reason for he discount is to promote a new line of product …..firstly check to see if this is an upgrade and if so how much is the older version going for it might just be way worth it to buy the older version if you do not mind. (this is particularly true for technology products, cell phones, laptops, software etc)…..secondly check for bundled discounts as most retailers launching a new product will give a bundle as part of promoting a new brand
There are many reasons for discounts be clever and watchful in your shopping the tools are out there to make comparisons and get the best out of it. We use a tool on this site that pops up a separate window on a product name that will list the current prices for the same product in amazon.com or if its available on eBay or walmart.com. We also have listed all the current products with discounted prices at Walmart, Target, Kmart, and many more right here.
The key to all shopping is knowing what you want before you shop and being prepared to jump in and bite on a discount you cannot pass up for something you were not looking for.