Posts Tagged ‘smart shopping’

Inflated Sense of Savings

Wednesday, May 7th, 2008 by Alan Yu

Many times when we see one of those “You save this much off the regular price” type of signs it can create a rather emotional purchase if the savings amount is large. Sometimes too, you have to be careful on whether or not the price has been bumped up which means you aren’t saving as much as they are portraying.

There is this one example that I saw today which made me think just that as I saw a USB memory stick on sale for about $9.99. As you can see here too, it indicates that the regular price of this item is $62.99 which means you are saving $53.

For these types of products, I happen to know what the average price is and so it immediately got a reaction out of me as the original price of the product seemed so overpriced. Here are some quick examples from other stores which sell the same product:

As you can see, one place sells it for $15.98 as a regular price. While granted you can argue that the price indicated is the store’s own regular price, although I personally never seen it that high, it just goes to show that you still need to do your research when it comes to buying things regardless of some sign indicating what the regular price of the item is.

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Mixing Up Billing Fees

Tuesday, April 15th, 2008 by Alan Yu

Many times when we buy items we tend to look at just the immediate price tag of a product which lures us to spend money as we think it is such a great deal. Today I took a casual gander on Ebay as there is this electric toothbrush I was potentially interested in and how I thought this would give me an idea on a price comparison if I was to buy it from a store.

When I first did a search I found a listing for the item for about $99 with a $25 shipping rate which didn’t seem too bad considering the item was about $180 normally at retail stores.

I then saw another listing that indicated it was $81.50 and thought that was even better. However, I then looked at the shipping rate and was stunned.

As you can see, the seller was charging a shipping fee of $75.73. Granted the shipping service is different, but that is still a substantial amount. So while it looked better at first, in the end it would be way more.

I knew a person once who said he simply sold these dishes on Ebay at a loss and instead just hiked up the shipping fee which made him a lot of profit in the end. As he mentioned, for some reason people simply just focused on the price of the item itself.

Just like all those hidden charges on specific services, you really have to be aware of what you are really paying in the end.

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