Amazon was founded in 1994 and since then it has become one of the largest retailers in the world. It is now routinely mentioned in the same breath as giants like Walmart, Target & Costco.
They have branched out and created an affordable ereader (Kindle), a tablet (Kindle Fire), a streaming media player (Amazon Fire TV) and a new smartphone (Amazon Fire Phone).
Heck, in the near future they may even use drones to deliver your packages within 30 minutes.
Customers of Amazon are there to get the lowest prices, as Amazon typically beats their competitors, but did you know you could save even more money shopping there?
Here are 8 ways to save money on Amazon.
Use Subscribe And Save
This innovative program allows you to get regular shipments of household items like diapers, shampoo and laundry soap to name a few. When you subscribe, you get 5% off. If you have 5 or more subscriptions on any given month that gets bumped up to 15% off everything.
On top of that you’ll get free shipping and you can cancel or adjust your subscriptions at any time.
Gold Box Deals
If limited time deals and deep discounts get your adrenaline flowing, click on “Today’s Deals” at the top of the homepage. These hand-picked daily deals offer popular products at steep discounts
The catch is that there are a limited number of items and a limited time in which the deal is valid, so if you see something you want, snag it quickly.
Watch Out For Price Fluctuations
Based on supply and demand, the prices of goods on Amazon change frequently. Sometimes, prices change on an hourly basis. You can use this to your advantage by putting the items you want in your cart and clicking on “save for later”. You’ll be able to then track price changes in your cart to get the best deal possible.
Some users also claim Amazon drops prices on items added to the cart after a few days to entice you to purchase them.
If you really need an item now, go ahead and purchase it. If the price drops within 7 days of the delivery date, Amazon will refund the difference, so long as you let them know.
To better track Amazon’s price fluctuations, use the price history tool available at camelcamelcamel.com. This way you can see if an item you want to buy is selling at a historical low.
Shop At Amazon’s Outlet Store
Most people don’t know that Amazon has an outlet store. Just like other brick and mortar shops, the company uses their outlet to get rid of old inventory and make room for new products.
This is where they list all their overstocks, closeouts and clearance deals. You can get up to 70 percent off of jewelry, electronics and apparel here.
Shop Amazon Warehouse Deals
If you don’t mind buying used, refurbished or open box items, then shopping at Amazon’s warehouse is just for you. Items that are in the warehouse are:
- Damaged box items. Sometimes the box an item comes in gets damaged, which makes the item no longer new.
- Store returns. Ever wonder what happens when you change your mind and return a product? They end up here. The box has been opened, but the product is still in like-new condition.
- Refurbished. Items that are returned because they don’t work are fixed and re-sold. They are tested to work before being given the green light to be re-sold.
The items purchased here are all backed by Amazon’s return policy, so you should have no fear if you end up with a lemon.
Get Amazon Prime
If you shop on Amazon frequently and don’t have a Prime membership, you’re throwing money out the window. For one annual fee you’ll get free 2-day shipping on thousands of items, a free Kindle book to borrow each month and free steaming of thousands of TV shows and movies.
Subscribe and Save items also get a boost from 15% off up to 20% for 5+ items in any given month.
Since the average shipping cost is $4, just 2 or 3 purchases a month will make the membership pay for itself. I was calculating whether an Amazon Prime membership was worth it, and much like my Sam’s Club membership, it paid for itself within a few months.
Buy A Gift Card
When you buy a gift card on the secondary market, you’re buying a gift card someone didn’t want. Sometimes friends get you a gift card for your birthday and you don’t want it. So you go on eBay and unload the $100 gift card for $90. You’re happy with $90 in actual money and the buyer is happy getting a good deal on a gift card.
Sign Up For MyPoints
MyPoints is a service that gives you points for going to sites, filling out surveys and making purchases. I’ve been a member for over 10 years and end up getting about a $100 gift card every year out of it.
Whenever I make a purchase at Amazon, I log into my MyPoints account and use their affiliate link to complete my order. By doing so, I get 5 MyPoints points per dollar, or 3.4% back. I can use accumulate the points and redeem them for gift cards.
Use Your Rewards Credit Card
By using your rewards credit card for purchases on Amazon, you’ll be accumulating 1 point per dollar spent. You can then redeem these points for airline tickets, a gift card or a statement credit.
I have an Amazon Rewards credit card which gives me 3% in points on all my Amazon purchases. I can then use these points the next time I shop at Amazon, so it’s an instant 3% off on my next purchase.
With the Chase Freedom card you can get 5% cash back on Amazon purchases from October – December in 2014 and 1% the rest of the time. In 2015 they’ll choose another quarter to offer the 5% cash back deal.