Of course it is the shopping season and everyone wants to save money on their purchases. I often get a lot of requests from people on whether or not I know anyone who works in a particular field/company as they are interested in buying something and would like to save as much money as possible.

Having basic business knowledge of various industries as well as connections with people in different fields have provided me with a good foundation to know when something is truly a bargain or not. For example, generally speaking most types of retail businesses make the majority of its money selling attachments for a product such as accessories and it is not unusual for those items to be marked up say 60% to 500%. Another example is that in a grocery store, milk is often what is known as a “loss leader” which means they aren’t making any money off it and so you generally shouldn’t need to think too much if the price is too expensive.

As usual, I’m fairly confident that everyone knows at least someone in their social circle who could provide some knowledge or insight to make you more aware on what to lookout for in order to identify true savings. So even if you are not exactly a business minded person, it doesn’t hurt to do some research as it can make you a more savvy shopper.

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It’s been an interesting week so far in regards to deciding which cell phone plan that I should enroll with. I have been bouncing back and fourth from each carrier and it seems that each time the other is willing to offer something better.

I’m almost wondering if some of these offers are at a loss from a business point of view. The funny thing too is how I’m not aggressively seeking for these discounted deals. Feels more like a casual conversation with a person who then crunches some numbers to see what they can come up with in response to the other.

I generally find that is the best route to go with if you are trying to shop for the best deals too. Coming across as really aggressive usually makes the person want to do less for you in my opinion. Just ask and let them see what they can do for you.

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Someone was telling me how one of his strategies in order to save money is to work in industries that he normally spends a lot of money in order o save money. For example, it could be that someone buys a lot of electronics and so they work part time at a retail store to enable themselves to buy products for a lot cheaper.

In some ways when you think about it I suppose it can be a great way to save money. You are essentially getting paid to do something you are interested in anyways and at the same time you are saving money on things you were going to buy. The main drawback for some is that you are sometimes inclined to buy more than normal too since you figure that you are getting a discount to warrant purchasing more.

This concept isn’t just limited to materialistic items as people do it for things such as receiving specific service benefits too. One of those small extra things you can do assuming you have the time. I personally prefer to establish contacts to do so.

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